The U.S. will likely emerge the winner in a "cold currency war" that is heating up, an expert said.Currenciesread more
These box office numbers do not include the cost of production or marketing costs. They also don't count the billions in merchandising that Disney has made over the last...Entertainmentread more
Tariffs are the only instrument left for addressing China's systematic and excessive surpluses on its U.S. trades, writes Michael Ivanovitch.US Economyread more
In its latest attempt to build market credibility, China on Monday launched the Science and Technology Innovation Board, or "STAR Market," on which 25 companies were listed.China Economyread more
When Cathy Hsu and Tony Hsieh wanted to build an English language app for Chinese children, they decided to follow Facebook and Google's lead.Start-upsread more
Stocks in Asia traded lower on Monday afternoon, as a Nasdaq-style technology board on the Shanghai Stock Exchange marked its debut.Asia Marketsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
The firing of the tear gas was the latest confrontation between police and protesters who have taken to the streets for over a month to fight a proposed extradition bill and...China Politicsread more
Last week shows that oil prices are not the indicator for Middle East tensions they once were, and worries about global demand and growing U.S. production has changed that...Market Insiderread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Several reports have suggested Apple has been battling this problem, which might cause delays of the most high-end OLED iPhone model beyond the expected September launch time frame.
Apple's other expected iPhones, the iPhone 7s and iPhone 7s Plus, are still projected to offer fingerprint readers because they will have smaller industrial designs.
The tech giant has reportedly struggled to embed the fingerprint reader into the display of the iPhone. According to Hargreaves, who echoes earlier reports, Apple is now faced with either bailing on the fingerprint reader altogether, or to rely simply on facial recognition for unlocking the phone. This, Hargreaves argues, could cause costs to rise "above our current expectation, which could put F2018 gross margin at risk."
Apple's fingerprint reader, marketed as "Touch ID" is used for online purchases through the app store and to verify a user before making an Apple Pay purchase. That could be a problem.
"We do not believe facial recognition would be initially qualified as an acceptable verification method for Apple Pay," Hargreaves said. "While Apple could achieve this over time, the likelihood for an initial lack of Apple Pay could adversely affect demand.
Hargreaves said it seems "increasingly likely" that Apple will ditch the fingerprint reader to instead focus on getting the iPhone to market early. Trying to solve the problem could force Apple to push volume production to October or early November otherwise, Hargreaves said.
— Additional reporting by CNBC's Michael Bloom.