EU plans to make USB-C connectors the standard port for all smartphones and tablets, angering Apple
The European Commission rules to force manufacturers to create a universal charging solution for phones and small electronic devices. The European Commission is aiming to have a common charging port for all mobile phones, tablets, cameras, headphones, and handheld videogame consoles.
The ruling has been in the making for a decade, with environmental concerns the main driving force behind the historic move.
The rule will reduce waste by encouraging consumers to re-use existing chargers when buying a new device. Politicians have been pushing for this uni9versal charging rule for over a decade.
Disposed and unused charging cables generate approximately 11,000 tonnes of waste per year. Research shows the average person owns around three mobile phone chargers.
A decade ago there were about 30 different types of chargers, now, phones use either USB-C, lightning, and USB micro-B.
The move would see all smartphones in the EU sold with the same charger, a motion Apple is not happy about. The tech giant says this move would damage ongoing innovation.
The tech giant is the main manufacturer of smartphones using a custom charging port, as its iPhone series uses an Apple-made “Lightning” connector. Apple argues its Lightning connector is used by one billion active iPhone users.
“We remain concerned that strict regulation mandating just one type of connector stifles innovation rather than encouraging it, which in turn will harm consumers in Europe and around the world,”
The proposed changes would apply to the charging port on the device body and will also standardise charging speeds. It may be a number of years before the proposals come into effect.
It will be thoroughly debated by the European Parliament and national Governments.
World’s second-biggest fashion retailer blames Russia for 89% profit drop
The Swedish fashion giant H&M says profits have dropped 89 per cent
They blame cost inflation, slow consumer spending and one-off expenses related to its exit from Russia.
Pretax profit in the period, the Swedish group’s fiscal third quarter, fell to 689 million crowns ($60.9 million) from a year-earlier 6.09 billion.
The Russian exit accounted for half of the decrease in profits, according to the retailer.
H&M announced a cost cutting programme that it predicted would result in annual savings of around 2 billion crowns, with savings expected to become visible in the second half of 2023.
How Disney beat Netflix at its own game
When it comes to streaming, there’s a new sheriff in town.
Disney+ has quickly become a major force in the streaming wars, adding over 14 million new subscribers in its latest quarter. That’s a big jump from the 3 million it had just three months prior.
In comparison, Netflix lost nearly 1 million subscribers in the same period.
So what happened? How did Disney+ overtake Netflix so quickly?
There are a few factors at play.
For one, Disney+ has a lot of content that people want to watch. As well as its acquisition of 21st Century Fox, the service has access to popular franchises like Star Wars, Marvel, and The Simpsons. That’s a big draw for people who are looking for something to watch.
In addition, Disney+ is much cheaper than Netflix. A subscription to Disney+ costs $6.99 per month, while a Netflix subscription starts at $8.99 per month. For people who are trying to save money, Disney+ is the more appealing option. Though Disney and Netflix have signalled they’re going to push up their prices.
Disney+ has been aggressive in marketing itself as the superior streaming service. The company has run a number of ads that compare its service favorably to Netflix. This has helped convince people to switch to Disney+.
The Disney effect
The Walt Disney Company launched Disney+ on November 12, 2019. The streaming service is available in the United States, Canada, the Netherlands, Australia, New Zealand, and Puerto Rico.
As of the second quarter of 2020, Netflix had nearly 221 million subscribers across 190 countries.
What is the market share of Netflix? In the United States, Netflix has a market share of 37%. That means it is the most popular streaming service in the country.
When was Netflix founded? Netflix was founded on August 29, 1997, in Scotts Valley, California.
What type of company is Netflix? Netflix is a publicly-traded company. Its stock is traded on the Nasdaq under the ticker symbol NFLX.
What is the headquarters of Netflix? The headquarters of Netflix is located in Los Gatos, California.
Disney is spending $1 billion per year on its streaming service.
What is the market share of Disney+? In the United States, Disney+ has a market share of 24%.
When was Disney+ launched? Disney+ was launched on November 12, 2019.
What type of company is Disney? Disney is a publicly-traded company. Its stock is traded on the New York Stock Exchange under the ticker symbol DIS.
How much does Disney stock cost? As of August 2020, the price of one share of Disney stock is $115.76.
What is the headquarters of Disney? The headquarters of Disney is located in Burbank, California.
The world’s largest online retailer gives staff a pay rise
Workers at Amazon’s warehouse and transportation hubs are set to receive a pay rise
The world’s biggest online retailer says wages will increase to over 19 dollars, which is up from 18.
It’s part of a plan to help the company attract and retain workers in a very tight labor market.
Of course, the peak shopping season is also getting underway.
Amazon says the price increase will cost its company nearly one billion dollar in the next year alone.
The minimum for workers on an hourly wage will stay at 15 dollars.
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