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Apple loses $60bn over reports of weak smartphone demand in 2018

There are reports that Apple is designing and producing its own device screens, secretly at a facility near its headquarters in California

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Top apps using Siri Shortcuts to make daily tasks easier: Apple. Pixabay
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Apple lost over $60 billion in market cap in two days after Taiwan Semiconductor, Apple’s biggest supplier, said in an earnings update that second-quarter revenues would be hit by “weak demand from the mobile sector”.

Apple shares fell nearly seven per cent on Thursday and Friday over reports of a sharper slowdown in smartphone sales this year, Financial Times reported late on Friday.

Apple could acquire the entertainment company, Netflix
Apple lost 60 billion. IANS

Not just Apple, the news led to several global chipmakers losing market valus, including Analogue Devices, Dialog Semiconductor, Qualcomm and Qorvo.

For the first time since 2009, smartphone sales in China fell last year while global sales fell in the fourth quarter of 2017 for the first time since 2004.

In another setback for the iPhone maker, its efforts to get LG Display’s OLED screens for future iPhone production line “have hit manufacturing issues”, the Wall Street Journal reported on Friday Apple is reportedly divided on whether LG will be able to succeed as Samsung’s replacement for OLED displays.

Also Read: Apple Marks Earth Day With Donations

The Cupertino-based company currently uses Samsung’s OLED displays for iPhone X. The LCD panels which are currently being used in the iPhone 8 and iPhone 8 Plus are supplied by LG. Apple Watch screen is made by LG Display. There are reports that Apple is designing and producing its own device screens, secretly at a facility near its headquarters in California. It is believed that Apple will switch to OLED displays for all of its iPhone releasing in 2019. IANS

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Apple Allows Third-Party Workflow Extensions For Video-Editing

Motion, the powerful motion graphics companion to Final Cut Pro, also gets an update that adds a comprehensive set of colour-grading tools and custom LUTs

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Apple, Iphone XR, Apple Watch
Apple allows third-party app integration to its video editing software. Flickr Commons

Apple has introduced third-party workflow extensions and a host of new features for professional video creators in its update to “Final Cut Pro X” — its professional video-editing programme.

The “Final Cut Pro X” update, now available on the Mac App Store, introduces workflow extensions that enable professional video editors to use third-party apps and services directly within the editing interface, Apple said in a statement late on Thursday.

Workflow extensions match the look of Final Cut Pro and integrate tightly into the app, allowing editors to drag media into Final Cut Pro libraries, sync playback between extensions and timeline, add clip markers and more.

“These extensions make it easy to use popular tools that enhance post-production including review and approval with Frame.io, stock footage browsing and purchasing with Shutterstock and media asset management with CatDV,” the company added.

Apple
An Apple store in Woodbridge, Virginia. (VOA)

Motion, the powerful motion graphics companion to Final Cut Pro, also gets an update that adds a comprehensive set of colour-grading tools and custom LUTs.

Compressor, the advanced encoding companion to Final Cut Pro, moves to a new 64-bit engine that takes advantage of all the memory in a user’s Mac for improved performance when encoding high resolution, high frame rate video.

Also Read- Xiaomi Drops Down Smartphone Prices in India

Final Cut Pro 10.4.4, Motion 5.4.2 and Compressor 4.4.2 will be available on the Mac App Store as free updates for existing users. New users can purchase the apps for Rs 24,900, Rs 3,999 and Rs 3,999, respectively. (IANS)