Enterprise

Facebook blames Apple for recent revenue losses

Lost users for the first time in history

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Less than two months into the year, Facebook is already having a historic run. However, it’s not for the reasons that Facebook would want or be proud of. For the first time ever, the social media platform has experienced a decrease in users. Coinciding with that dip, the company’s market value has also taken quite a plunge. Amidst it all, Facebook has one major scapegoat: Apple.

During Meta’s fourth quarter earnings (via Insider), Meta CFO David Wehner puts the blame on Apple’s new privacy policies for apps. Last year, Apple required app developers to prompt users first for permission before the former can collect the latter’s information for ad tracking purposes. Developers were also required to publish how they were using obtained information through newly minted “privacy nutrition labels.”

Naturally, forcing Facebook into that system hurt the company’s bottom line. More and more users opted out of ad tracking when given the option. Facebook is notoriously known for relying on ad revenue for its profits, often jeopardizing its users’ privacy in the process.

The company, years since the privacy controversy started, was put on notice by authorities all over the globe. Just last year, whistleblower Frances Haugen unveiled the societal harm caused by the social media platform globally.

All its problems are finally coming to roost. Last week, the company lost US$ 251 billion in market value, the largest single-day drop in U.S. history. Moreover, because of the Apple issue, Facebook is apparently expected to lose US$ 10 billion more this year.

Apple won’t be the only scapegoat, though. Mark Zuckerberg has also stated that users are spending their time on other apps like TikTok, ultimately reducing their time on Facebook.

SEE ALSO: Facebook changes name to Meta

Enterprise

Qualcomm plans to buy Arm with its rivals

It’s a consortium of companies

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For NVIDIA, Arm is its greatest the-one-that-got-away story. For months, the chip company worked on an acquisition plan for Arm. However, those plans eventually fell flat. SoftBank, Arm’s current holders, is still focused on getting a buyer for the asset. Now, a party led by Qualcomm is emerging as another potential suitor.

“A party” is, of course, an understatement, in this case. According to the Financial Times, Qualcomm is banding with other chipmakers (see also: their rivals) to each purchase a tiny bit of Arm. While a singular consortium of companies will buy the company, everyone will grab a minority stake in Arm. Of note, Samsung proposed the same deal years ago. Obviously, that old plan didn’t pan out well for either company.

Today’s renewed efforts, however, come after NVIDIA’s failure. NVIDIA reportedly backed out of its plans because acquiring Arm would have stifled competition in the market.

On the other hand, Qualcomm’s plan directly addresses this concern since everyone will own Arm. With enough companies in the consortium, it will end up with the “net effect that ARM is independent,” according to Qualcomm CEO Cristiano Amon.

Currently, it’s unclear whether the plan has any traction. It will require a lot of cooperation between several companies just to form a consortium. If anything, Samsung might go with the idea since the South Korean company proposed the same previously.

SEE ALSO: Nvidia planning to drop Arm acquisition plans

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Enterprise

Samsung is increasing the prices of its chipsets

Others have already accepted

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Shortages are still plaguing the tech industry. Because of various lockdowns throughout the past few years, new devices haven’t met the surge of demand from consumers. Besides not delivering devices, companies also deal with a loss in profit. Inevitably, that lost profit would rear its head in another way. Samsung, a major player in the chipmaking industry, has decided to up its chipset prices.

First reported by Bloomberg, Samsung is renegotiating the prices of its chipsets. If successful, the company’s clients will reportedly pay between 15 to 20 percent more to get their components. Additionally, chips made on legacy nodes will likely pay more in the end.

According to the report, some clients, currently unnamed, have already agreed to the price increase. Others are still in the process of negotiations. Though it’s certainly more expensive, the current forecast speculates that most clients will likely take the new deal. For one, other companies have already upped their prices as well. Samsung isn’t alone. However, the South Korean company has an advantage: more high-tech machines resulting in better chips and faster production.

Of course, the story doesn’t end there. While some clients have already accepted, there is no indication as to who will ultimately shoulder the brunt of the price increase. Will this mean more expensive devices in the future, or will companies graciously take a lesser margin of profit?

SEE ALSO: Samsung Galaxy S22+ review: Love at first touch

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Enterprise

Qualcomm unveils its plans for Wi-Fi 7

Can reach up to 33Gbps speeds

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The transition from 5G to 6G shouldn’t be the only thing we’re excited for. Companies are also working on huge improvements for Wi-Fi. Because of the ongoing popularity of 5G, not a lot of the spotlight was shone on the current Wi-Fi 6 and 6E standards. However, home internet is just as important. Now, the future wants to make things even faster. Qualcomm has announced the next chips to introduce Wi-Fi 7.

Recently, the company officially revealed the Wi-Fi 7 Networking Pro Series. The lineup will eventually don the future of routers for a variety of environments including home and enterprise use. According to Qualcomm, the chips will reach speeds of up to 33Gbps with stabler connections and lesser interference. They will support 2.4GHz, 5GHz, and 6GHz channels.

For reference, Wi-Fi 6 and 6E can reach only up to 9.6Gbps speeds. Though the jump is certainly dramatic, reaching higher speeds is crucial in today’s time when 4K streaming is quickly becoming a norm.

Of course, patience is key. Amid Qualcomm’s announcement, Wi-Fi 7 isn’t exactly here yet. Both networks and router makers haven’t released any products for the standard. However, some sources, like MediaTek, are currently predicting 2023 as a target date for the new standard’s launch in some capacity.

SEE ALSO: MediaTek hosts world’s first demo of Wi-Fi 7

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