AWT News Update: July 22, 2016

What's new in the world of tech today? If you have about 3 minutes, we'll let you know!

  • Pokémon Go broke records this month
  • Verizon may be acquiring Yahoo! as soon as next week
  • One Apple supplier reports higher expected revenues for the September quarter
  • Make sure your Mac and iOS devices are updated, as a recently-discovered security weakness could make it possible for malicious parties to install malware on your device by sending you a picture

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Text Version

Hi, this is Steve Sande for Apple World Today, and this is the AWT News Update for July 22, 2016.

OK, we’ve talked about it on the podcast a few times, but now it’s official. Pokémon Go broke the record for the highest number of downloads during launch week in the App Store. It has been listed as #1 in both the free and Top Grossing charts in the App Store since it was launched. The app is free to download and try, but in-app purchases allow players to get goodies that help them in the game. Those in-app purchases are expected to provide about $7 billion in revenues to the developers and $3 billion to Apple, so developer Niantic certainly has a task ahead to retain players as time passes.

This next piece of news isn’t particularly Apple-oriented, but it’s still big news in the web business. The NYTimes is reporting that struggling web pioneer Yahoo! may be acquired as soon as next week by Verizon for about $5 billion. Verizon is scheduled to report its quarterly earnings on Tuesday, the same day that Apple will announce its earnings. Verizon is the same company that picked up AOL last year, which the former Apple website “The Unofficial Apple Weblog” was part of.

One way that Wall Street analysts keep an eye on how well they think Apple will perform in the future is to look at the expected earnings of suppliers, who of course have to ramp up purchases of raw materials and start production months before a new iPhone or other device is released to the public. Today, AppleInsider reported that an investor memo from Apple supplier Skyworks shows that sales may be very healthy for the iPhone 7, regardless of whether or not it’s a radically different phone. Skyworks produces power and wireless components for Apple, and the company is expecting a 10 to 11 percent rise in revenue for the September quarter. That figure is higher than any other iPhone launch quarters for the past four years. Of course, Skyworks does have clients other than Apple, so it’s difficult to tell if the sudden increase in revenue forecasts is due to the iPhone, or some other blockbuster product being created by another firm.

The bad guys keep trying to ruin our days, and the latest concern is a proof of concept app that could let malicious attackers remotely control your Mac or iOS device or even install malware, simply by sending you a TIFF image file. The flaw was originally discovered by Cisco’s Talos team, and Apple has plugged the hole in the latest operating system updates — OS X 10.11.6 and iOS 9.3.3. If you’re running a Mac with either OS X Mavericks or OS X Yosemite, be sure to download and install Security Update 2016-004 as soon as possible.

That’s all for today; We’ll be back Monday afternoon with another edition of the AWT News Update.