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Apple shares drop on iPhone 13 production fears

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bbc– Apple’s shares dropped on Tuesday following reports it could slash its iPhone 13 production targets due to the ongoing global computer chip shortage.

The electronic giant had expected to make 90 million iPhones in the last quarter of 2021, reported Bloomberg.

However, Apple was now having to tell its partners that the total will be lower by as many as 10 million units, sources told the business magazine.

Apple shares fell 1.2% in after-hours trading on the news.

Semiconductor manufacturers Broadcom and Texas Instruments were also down 1%, as sources said they were struggling to deliver enough chips to Apple in time.

The BBC has approached Apple, Broadcom and Texas Instruments for comment.

In September, Apple launched four new iPhone 13 models: iPhone 13, iPhone 13 mini, iPhone 13 Pro and iPhone 13 Pro Max. Pre-orders started on 17 September and started shipping on 24 September.

Widespread chip shortage

Millions of products across multiple industries today rely on computer chips to run and semiconductor makers’ plants are currently working flat-out to meet demand.

Smartphone makers like Apple – some of the biggest chip purchasers in the world – have been severely impacted, but also other sectors like the car industry and the makers of video game consoles.

In July, Apple chief executive Tim Cook warned investors that the semiconductor shortage could affect sales of the iPhone and the iPad.

Investment firm Wedbush estimates that Apple will be running a shortage of more than five million iPhone 13 units for the holiday season, if consumer demand continues to keep pace with the number of iPhones being shipped for the rest of this year.

However, Wedbush analysts Daniel Ives and John Katsingris stressed that the chip shortage was a “not a worry” as they expected the smartphones to be available in the early part of 2022.

“Taking a step back, 5 million to 10 million units moving out of the December quarter into the March quarter due to well-understood supply chain issues is not a worry for us and ultimately speaks to a stronger demand trajectory than Wall Street had been anticipating,” they said.

“We view today’s news as nothing more than a speed bump on a multi-year supercycle iPhone 12/13 that continues to play out.”

Their views are shared by several other analysts, who have forecast that the new iPhone 13 models will have a strong sales year as consumers look to upgrade devices for 5G networks.

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BLACKBERRY PHONES TO STOP WORKING AS COMPANY FINALLY PULLS PLUG

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independent– BlackBerry phones, once the height of mobile devices, are finally being shut off.

The company announced that services for the older devices will be brought to an end on 4 January. At that point, they will “no longer reliably function”, BlackBerry said, and will be unable to get data, texts or make phone calls, including to emergency numbers.

It is just the latest in a series of endings for the once equally beloved and hated name, which helped drive the mobile revolution and was at the forefront of business and technology. While the BlackBerry has been declared dead a number of times before, the latest move means that the phones themselves will actually stop working.

In 2016, after its phones had been replaced largely by smartphones from Apple and others, BlackBerry announced that it had transitioned away from phones and into making software and that it would focus on providing security tools to companies and governments. It has sold the BlackBerry brand to other companies, who have created devices bearing the name.

In 2020, BlackBerry said that with that move complete, it would start taking offline the legacy services that allowed those old devices to keep working. Phones that run any of BlackBerry’s own operating systems – BlackBerry 7.1 OS and earlier, BlackBerry 10 software – were given an “end of life or termination date” at the start of 2022.

Next week, that date will finally arrive and support will end. While the phones will still be able to perform some of their functions without BlackBerry’s services, many of their central features will be removed, and the phones will not work reliably.

BlackBerry said the support was being removed in recognition of the fact that it now works in security software and that the old products did not reflect its business. It had prolonged support in the years since that transition “as an expression of thanks to our loyal partners and customers”, it said.

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70 Jupiter-sized ‘rogue planets’ discovered in our galaxy

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independent– A team of astronomers discovered at least 70 ‘rogue’ planets in our galaxy, the largest collection ever found to date.

While conventional planets (like those in our Solar System) orbit a star, rogue planets roam freely without travelling around a nearby star.

“We did not know how many to expect and are excited to have found so many,” said Núria Miret-Roig, an astronomer at the Laboratoire d’Astrophysique de Bordeaux.

­It would usually be impossible to detect rogue planets because they are hard to spot far from a star’s light. One key fact of their existence made them visible: these planets still give off enough heat to glow millions of years after their creation, making them visible to powerful telescopes.

This heat allowed the 70 planets – each with masses close to that of Jupiter – to be discovered in the Scorpius and Ophiuchus constellations.

“We measured the tiny motions, the colours and luminosities of tens of millions of sources in a large area of the sky,” explained Ms Miret-Roig. “These measurements allowed us to securely identify the faintest objects in this region, the rogue planets.”

The astronomers’ study suggests there could be many more elusive, starless planets yet to be discovered, numbering in the billions in the Milky Way alone.

By studying these planets, astronomers believe they could unlock clues as to how the mysterious objects come to be. It is hypothesised they are generated from the collapse of gas clouds too small to create stars, but they could also have been ejected from a parent system.

“These objects are extremely faint and little can be done to study them with current facilities,” says Hervé Bouy, another astronomer at the Laboratoire d’Astrophysique. “The ELT [Extremely Large Telescope, currently being built in Chile] will be absolutely crucial to gathering more information about most of the rogue planets we have found.”

The exact number of rogue planets discovered is vague, because the observations made by the researchers do not allow them to measure the mass of the objects. Bodies with a mass 13 times greater than that of Jupiter are unlikely to be planets, but relying on brightness makes this figure unclear.

The brightness of these objects is also related to age, as the older the planet is the dimmer it will be. The brightest objects in the sample could have a mass greater than the upper limit but be older and therefore dimmer. Researchers estimate there could be as many as 100 more planets yet to be discovered because of this uncertainty.

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Sign up to The Independent’s free cryptocurrency expert panel event

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independent– The price of cryptocurrency is seemingly in constant flux which causes a gauntlet for investors to run week to week and day to day.

Bitcoin remains in limbo following last week’s flash crash, which some analysts mistook for the start of a bear market that would see its price continue to tumble in the short term.

None of this is new with cryptocurrency making headlines for years, but its unpredictable nature and complex myriad of currencies means for many it is an area too daunting to delve into.

For those who have taken the plunge and invested there have been those who have become millionaires and even billionaires as a result, while there are those who have also lost a considerable amount as the price proves to be a constant rollercoaster for investors.

To decipher exactly how cryptocurrency works, how to invest and what the future looks like for the likes of bitcoin (BTC), Ethereum (ETH) and Cardano (ADA),The Independent is hosting an expert panel to explore the ins and outs of digital money.

The virtual event, which is free to attend, will be hosted by our own crypto expert, tech writer Anthony Cuthbertson and he will be joined by digital currency leaders who will be able to give their first-hand account of trading in the online market.

One of the panellists is none other than Fred Schebesta, a co-founder of financial comparison website Finder, self-made entrepreneur with an estimated net worth of $214million.

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