In a room full of avowed capitalists, policies that sound to some like socialism are bound not to go over well.Delivering Alpharead more
At least in terms of monetary policy, Pence says should be taking after other regions who keep their benchmark interest rates near zero.Delivering Alpharead more
AT&T isn't focused on selling or divesting DirecTV, despite pressure from stakeholder Elliott Management, sources tell CNBC.Technologyread more
The measure to keep the government running through Nov. 21 now heads to the Senate, where McConnell has signaled he will back a temporary spending plan.Politicsread more
Amazon's purchase comes as part of its plan to convert its delivery fleet to 100% renewable energy by 2030. The e-commerce retailer already runs 40% of its fleet on renewable...Autosread more
As part of the plan, Amazon has agreed to purchase 100,000 electric delivery vans from vehicle manufacturer Rivian.Technologyread more
Apple's iOS 13.1 will be released on Sept. 24, six days earlier than previously announced.Technologyread more
Hedge fund titan Leon Cooperman said he's concerned about a shift to the left in the political landscape, which could harm the economy and the stock market.Delivering Alpharead more
The plan will allow Medicare to negotiate lower prices on as many as 250 drugs and apply those discounts to private health plans.Health and Scienceread more
The move could bring a welcome salve to farmers caught in the crosshairs of the trade war if it results in a reopening of the market.Politicsread more
The pilot program will deliver food and beverage, over-the-counter medications and other items within minutes, the company said. Prescription deliveries will not be available.Health and Scienceread more
Android co-creator Andy Rubin thinks he can take on Apple and Google with his new Essential smartphone.
During an event at his company's Silicon Valley headquarters this week, he offered a surprising answer when asked how his new device can compete with Apple or Samsung: The over-saturated smartphone market is actually a signal that things are about to change.
"Cycles of innovation shift when you have a saturated market, and this is really important to understand," Rubin said. "So when people are at scale and they're shipping hundreds of millions of devices a year and the market is saturated you're in an upgrade market. You have to convince people to throw away their old phone and get a new phone, and that's really hard to do when innovation doesn't happen."
Rubin explained that his company, Playground, wants to focus on device margins, the way Apple does, in order to succeed. When he isn't selling phones, he hopes consumers are buying accessories for their devices and other products from Essential.
"Every 18-24 months that you get rid of your current phone and get the next one," Rubin said, "we've created inter-cycle opportunities with our accessory bus. In between those 18-24 months there's new things. The reason we made a wireless accessory bus, if you look at other accessories with pins or modules that slide in and out, that means the exact same form factor has to be your next phone for you to take accessories with you," Rubin said, referencing two magnetic pins on the back of the smartphone that will support an array of new accessories. He promises they'll work on future devices, too.
"We can have a radically different form factor for our next phone, but you can still use your accessories. You need to think like that in a saturated market."
Rubin also thinks there's an opportunity when two firms, in this case Apple and Samsung, run a saturated smartphone market. He likened it to the crowded auto market, noting that folks still like to drive different models, makes and colors of cars. He also said Samsung is too vertically integrated, meaning it isn't positioned to know what consumers want.
This is where Essential differs from Samsung and is more like Apple, says Rubin.
"I love Samsung. I used to work closely with them. They're vertically integrated, building chips and screens and probably mining materials with heavy machinery built by Samsung," he said. "They don't have unique consumer insights to put themselves ahead of consumer demand. Apple does. It has a unique background where software meets hardware and can say in this amount of time consumer interests are going to be on this vector. As a Silicon Valley company we're more Apple-like than Samsung."
Samsung didn't immediately respond to a CNBC request for comment.
"There's power in being small," Rubin argued. "Back up to when the first iPhone was announced, the thing that made it special wasn't hardware tech that was made by Apple. They captured the first capacitive touchscreen, which they didn't make, and they captured the first accelerometer and magnometer, which they didn't make. When Apple combined them you got gestures. That was new. Those two technologies were just suppliers in the industry. If I went to them today and I said I love your new capacitive touchscreen prototype, I need 200 million by next Christmas, they'd fall over, they couldn't produce that many because it's new technology."
But since his company is small, Rubin believes it can get the latest technology and put it into smartphones, sometimes before his competitors.
"Acknowledging this, we can get more innovations," Rubin said. "The question is how do we continue this in the future once we're super successful?"
That answer remains up in the air.