Modems are the piece of a mobile phone that allows it to connect to cellular networks.
Crystal Cox/Business Insider
- Bloomberg reported last week that Apple has started making plans to build its own 5G modems to replace those it currently uses from Qualcomm.
- Tech columnist Jason Aten says this could be a major step for the tech giant that’s already seen success with its Apple Silicon made in house for the new Mac.
- In 2019, Apple and Qualcomm entered into a settlement that resolved a years-long battle over licensing fees.
- Moving modem production in house, Aten argues, could allow Apple to not just make a better, more efficient iPhone, but also add 5G cellular capabilities to a Mac down the line.
- This may not be a huge need for users now as 5G still gains traction, but a Macbook Air with all-day battery life and LTE or 5G wireless “would be the perfect remote work device,” Aten says.
- Visit Business Insider’s homepage for more stories.
In a recent internal meeting, Apple’s SVP of hardware technologies Johny Srouji told employees that the company has “kicked off the development of our first internal cellular modem which will enable another key strategic transition.” That’s according to a report from Bloomberg that suggests Apple has started building its own 5G modems to replace those it currently uses from Qualcomm.
I think you could argue that the modem is the most important component inside an iPhone. Without it, no matter how nice the form factor or how powerful the processor, it’s basically just an iPod touch. The modem is the piece that allows it to connect to cellular networks, a fairly important quality for a mobile phone.
The move doesn’t necessarily mean Apple plans to kick Qualcomm, its current supplier of modems for the iPhone 12, to the curb entirely just yet. It’s actually more complicated than that.
Qualcomm is the dominant manufacturer of modems, and even moreso, the technology that makes them work. The company owns some 140,000 patents related to 5G technology, meaning that almost every company that makes cellular modems is paying a licensing fee to Qualcomm.
But Qualcomm builds modems and mobile processors for a range of manufacturers, meaning it has to accommodate a diverse set of needs and design. The iPhone may be one of the most popular smartphones sold, but Apple is still just one of many companies that Qualcomm sells to.
That means that one of the most important components in the iPhone is one of the few that aren’t highly specialized for exactly that device.
Apple and Qualcomm entered into a settlement in 2019 that resolved a years-long battle over licensing fees and gives Apple access to modems through 2025, with an option to extend for two more years. Apple had used Intel’s modems in the iPhone 11 as part of its response to the battle.
Shortly after the Qualcomm settlement, Apple bought Intel’s entire modem business for a bargain at $1 billion. With that purchase came all of its related intellectual property, as well as more than 2,000 employees. That should certainly give it a head start.
It seems clear that Apple is taking control of its own destiny. It’s been taking steps down that path for a while, first with the chips in the iPhone and iPad, then with Apple Silicon for the Mac – which the company announced back at its Worldwide Developer Conference and debuted last month – and now with modems.
It certainly makes sense that Apple wants to control the important pieces that make up its devices. Apple is the most valuable company on earth, with a market cap of more than $2 trillion. With the acquired Intel assets, Apple has the resources and know-how to bring modem production in house, just like it did with Apple Silicon.
In addition, modems are complex and a major draw of power, especially the 5G version. That leaves plenty of room for improvement – something that certainly isn’t lost on Apple.
Could Apple design a chip that both better integrates with its A-series processors and extends battery life? It wouldn’t surprise me. This could be significant considering the fastest version of 5G, known as ultra-wideband, is much more power-hungry than LTE. That’s a big deal in a device like the iPhone 12 mini, which already suffers from shorter battery life due to its smaller size.
Apple, with the M1, has already shown it’s far better at designing and manufacturing low-power chips than either Intel or Qualcomm. That allows the company to achieve better performance with less power consumption. In a mobile device that’s important, since people tend to use them for long stretches at a time before plugging them in to charge. Battery performance and battery life is reason enough to think that Apple would much rather bring production in house.
That said, I think there’s a more interesting use case.
I think that it’s possible we could see Apple finally preparing the way to add 5G cellular capabilities to a Mac. I suspect the most likely candidate is some future version of a MacBook Air.
So far, Apple has resisted adding cellular capabilities to its laptops, despite other manufacturers moving in that direction, but Apple has never been in a hurry to be first to adopt new technology with edge use-cases. That’s exactly what 5G remains for most people until it’s more widely available. It looks great on paper, but it’s not exactly practical, or even meaningful, yet.
Even in the case of the iPhone 12, which includes Qualcomm’s 5G modems, most people aren’t living in an area where they can take advantage of the fastest versions. I even tested out the only 5G laptop I’m aware of, the Lenovo Flex 5G. It certainly seemed like an interesting idea, but not only was it severely lacking when it came to processing power (due mostly to the Qualcomm Snapdragon 8cx processor), I never once found a spot where it was able to take advantage of Verizon’s 5G network.
Another potential reason Apple hasn’t rushed in this direction is the way Qualcomm charges its licensing fee, which has traditionally been based on the total price of the device. That means that in addition to paying for a modem, Apple is also paying a fee for the license. That’s one thing in an $800 or $1,000 iPhone, but something else in a MacBook Air or MacBook Pro, which can easily exceed $2,000 or more at the high end.
That was largely the reason Apple sued Qualcomm in the first place, meaning it’s likely addressed in the settlement. Still, there was never a reason to pay Qualcomm a piece of the profit on a MacBook with 5G when it wasn’t something anyone could use anyway. That’s starting to change.
Also, the M1 Macs – at least the portable flavor – are finally capable of actual all-day battery life. That’s without any change in the battery, just swapping in a more efficient processor. It isn’t hard to imagine that whatever comes next, both in terms of form factor and processor design, will continue to escalate that trend line in a positive direction. As Apple is able to get more gain in margin from the battery, it starts to make sense to spend some powering a modem that allows for anywhere access.
Granted, “anywhere access” isn’t super high on anyone’s list of needs right now while we’re all working from home. That, hopefully, will change in the next six or eight months. When it does, people who have been working from home might want to get out of the house, but that doesn’t mean they’ll all be in a hurry to race back to the office.
A MacBook Air with all-day battery life plus LTE or 5G wireless would be the perfect remote work device. It’s true that we aren’t quite there yet, but that doesn’t mean it wouldn’t be smart for Apple to try.
Spark Networks Announces Conference Call to Discuss First Quarter 2021 Results
BERLIN, May 5, 2021 /PRNewswire/ — Spark Networks SE (NYSE: LOV), one of the world’s leading online dating companies, announced today that the co…
BERLIN, May 5, 2021 /PRNewswire/ — Spark Networks SE (NYSE: LOV), one of the world’s leading online dating companies, announced today that the company will hold a conference call to discuss First Quarter 2021 financial results on Monday, May 17, 2021 at 10:00 am ET.
Call Title: Spark Networks SE First Quarter 2021 Earnings Conference Call
Toll Free: 1-877-705-6003
Germany Toll-Free: 0 800-182-0040
In addition, the Company will host a webcast of the call which will be accessible in the Investor Relations section of the Company’s website at https://investor.spark.net/investor-relations/home. A replay will begin approximately three hours after completion of the call and run until May 31, 2021.
Toll Free: 1-844-512-2921
Replay Pin Number: 13719604
About Spark Networks SE:
Spark Networks SE is America’s second largest dating company, listed on the New York Stock Exchange American under the ticker symbol “LOV,” with headquarters in Berlin, Germany, and offices in New York and Utah. The Company’s widening portfolio of premium and freemium dating apps include Zoosk, EliteSingles, Christian Mingle, Jdate, JSwipe, SilverSingles and eDarling, among others. Spark Networks SE in its current form is the result of the merger between Affinitas GmbH and Spark Networks, Inc. in 2017 and the addition of Zoosk, Inc. in 2019. Spark Networks has approximately one million monthly paying subscribers globally.
Safe Harbor Statement:
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, statements involving known and unknown risks, uncertainties, and other factors that may cause Spark Networks’ performance or achievements to be materially different from those of any expected future results, performance, or achievements. Any statements in this press release that are not statements of historical fact may be considered to be forward-looking statements. Written words, such as “believes,” “hopes,” “intends,” “estimates,” “expects,” “projects,” “plans,” “anticipates,” and variations thereof, or the use of future tense, identify forward-looking statements. By their nature, forward-looking statements and forecasts involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the near future. There are a number of factors that could cause actual results and developments to differ materially, including, but not limited to, the risk that the benefits from the acquisition of Zoosk, Inc. may not be fully realized or may take longer to realize than expected; risks related to the degree of competition in the markets in which Spark Networks operates; risks related to the ability of Spark Networks to retain and hire key personnel; the timing and market acceptance of new products introduced by Spark Networks’ competitors; Spark Networks’ ability to identify potential acquisitions; Spark Networks’ ability to comply with new and evolving regulations relating to data protection and data privacy; general competition and price measures in the market place; risks related to the duration and severity of Covid-19 and its impact on Spark Networks’ business; and general economic conditions. Additional factors that could cause actual results to differ are discussed under the heading “Risk Factors” in Spark Networks’ Annual Report on Form 20-F for the year ended December 31, 2019 and in other sections of Spark Networks’ filings with the Securities and Exchange Commission (“SEC”), and in Spark Networks’ other current and periodic reports filed or furnished from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on information available to Spark Networks as of the date hereof, and Spark Networks assumes no obligation to update any forward-looking statement except as required by law.
Vice President of Investor Relations
View original content to download multimedia:https://www.prnewswire.com/news-releases/spark-networks-announces-conference-call-to-discuss-first-quarter-2021-results-301284505.html
SOURCE Spark Networks SE
Markets Insider and Business Insider Editorial Teams were not involved in the creation of this post.
One of the US’s leading résumé experts shares 3 tips to improve your résumé’s performance after the pandemic
Keep your résumé short. Recruiters may still be suffering from burnout too. SDI Productions/Getty Images Marc Cenedella is the founder of Leet…
Keep your résumé short. Recruiters may still be suffering from burnout too.
SDI Productions/Getty Images
- Marc Cenedella is the founder of Leet Resumes, a free technical résumé-writing service.
- The COVID-19 pandemic has left many people with gaps in their employment history.
- Re-adjusting your résumé will help you capitalize on the dramatic jobs recovery we’re experiencing.
- See more stories on Insider’s business page.
Hiring is picking up strength, with almost 1 million new jobs added in March and companies beginning to report that hiring is getting difficult again.
With that in your mind, your résumé may need a post-pandemic tuneup.
2020 upended all of our expectations, and that may have impacted your employment history, work accomplishments, or career ambitions in the recent past.
To improve your résumé’s performance in this newly resurgent 2021, here are three post-pandemic résumé tips from Leet Resumes.
1. Address gaps
Unlike past recessions, the COVID downturn happened very fast and without the usual warning signs. As a result, typical white-collar professionals didn’t have a chance to get ahead of the bad news and find a new employer before their company laid them off.
This was reflected in the unemployment rate among college-educated professionals. During the Great Recession, it had never risen above 5.0%. In May 2020, with the sudden onslaught of the coronavirus epidemic, and the rapid impact to the economy, it reached 8.4%
If you’ve had gaps in your employment history due to COVID, consider changing how you handle dates on your résumé. Instead of spelling out the months, summarize using the year only. For example, use 2016 – 2020 instead of July 2016 – March 2020. That way, the gap between the job that ended in March 2020 and the new one that began in September 2020 will be something you can explain during an interview rather than before it.
2. Highlight numbers
After a year of cutbacks, the economy is expected to grow 7% this year due to stimulus and the bounceback from the lockdowns.
As a result, post-pandemic employers are prioritizing roles that can produce the biggest improvements in their business this year. Hiring managers want to hire employees with a proven ability to deliver better numbers, whether that’s an increase in revenue, decrease in costs, improvement in efficiency, or reduction in budget.
Make it easy for employers to understand the specific problems you’ve solved in the past by quantifying your success. Don’t just list your duties and responsibilities, provide numerical proof that you excelled at delivering on them.
Instead of writing ‘tasked with growing sales’, write ‘Increased sales 17% by aggressive prospecting.’ Don’t just say ‘duties included marketing efficiency’, when you could say ‘Improved marketing efficiency by reducing budget $134,000 while keeping lead volume consistent.’
Whatever your numbers are, make sure you share them in clear, concise language that allows your future boss to understand exactly how effective you are in contributing to your team’s and your company’s goals.
3. Keep it short
While ubiquitous WFH arrangements once seemed like a utopia, this past year has taught us all about some of the downsides. Rather than being an oasis of calm in a hectic world, where your daily tasks can be handled in quiet repose, WFH has become a round-the-clock marathon of Zoom, Slack, email, and conference calls. It never stops.
Well, the readers of your résumé are experiencing the same shock to their system. After cutbacks in HR last year, recruiters and hiring managers are expected to do more with less, and do it all over Zoom. As a result, they have even less time to spend reading your résumé.
Recruiters spend just six seconds doing a first scan of your résumé, and that’s barely enough time to get your name and professional headline correct. They certainly don’t have time to rifle through four, six, or nine page résumés. My company Leet Resumes re-writes résumés for professionals for free and recommends sticking with two pages at most for almost all professionals.
If you have 10+ years experience, two pages is most often the right choice. And if you have less than 10 years of experience, keep it to just one page – your professional headline, your professional summary, your work experience, education, and a keywords section that includes the technologies that you’re most familiar with.
Don’t try your future boss’ patience with long-winded descriptions of internships or college class projects. They simply aren’t relevant to your future performance in a professional job and aren’t considering once you are a few years out of school.
So with the economy coming back strong, and the hiring market suddenly as strong as it’s ever been, post-pandemic professionals are encountering a favorable hiring environment in 2021. Using these tips to re-adjust your résumé strategies will help you capitalize on the dramatic recovery we’re experiencing after our topsy-turvy year. Good luck!
Jefferies shares 4 market sectors that are set to soar as prices and interest rates rise – and explains why each one is worth being exposed to
Reuters / Brendan McDermid The FOMC is meeting for two days this week to discuss interest rates and monetary policy. Low interest rates and p…
Reuters / Brendan McDermid
- The FOMC is meeting for two days this week to discuss interest rates and monetary policy.
- Low interest rates and price hikes in some areas of the market have triggered inflation concerns.
- Jefferies sees inflation reaching at least 2%, and shares 4 sectors that stand to benefit.
- See more stories on Insider’s business page.
This week is going to be an eventful one for investors as more earnings results and key economic data continue to roll in alongside a Fed monetary policy decision and press conference.
The Federal Open Market Committee (FOMC) of the Federal Reserve will meet for two days on Tuesday and Wednesday to discuss interest rates and monetary policy. While many expect the Fed to maintain its accommodative policy, investors will be closely monitoring comments on inflation and the central bank’s economic outlook during a press conference on Wednesday.
Inflation concerns have been growing on Wall Street as the Fed continues to keep interest rates low even though pent-up demand has faced low supply in some pockets of the economy. Prices for some end products have been rising, which is important to note given that the Fed can respond to fast-rising prices by tightening its policy.
However, rising interest rates and inflation, which erodes the value of cash, aren’t bad news for some industries, according to Steven G. DeSanctis, an equity strategist at Jefferies.
In a recent note to clients, he said some sectors could perform well in an environment with rising prices and rates, adding that the bank forecasts inflation to reach between 2% and 4% levels.
4 sectors that can benefit from higher inflation and rising rates
DeSanctis said the healthcare sector performs better than most of the other sectors when inflation is above the median, accelerating, and in between 2% to 4%.
“We also find it interesting that the group performs well when rates are rising. One would think that this is a long-duration sector and when rates rise, performance would head south but not the case based on its correlation. Inside of Health Care, Equipment & Supplies along with Providers & Services thrives,” he added.
Other tailwinds for the group include a pickup in overall M&A activity within the sector and its 12-month difference in performance, he said.
Following a stellar performance last year, healthcare is now trailing the market on a year-to-date basis, making the 12-month difference in performance the fifth-worst on record, according to DeSanctis.
But in the past, when performance was this bad, relative returns usually bounced back over the next three, six, and 12 months; and when deal activity accelerates, the group “performs very well at 18% annually,” he added.
Additionally, Jefferies’ US economist Aneta Markowska says the yield curve has steepened and interest rates could reach 2%, and that is favorable for materials.
Commodity prices have also surged over the past month, which should benefit the sector as it houses companies that are engaged in the discovery, development, and processing of raw materials, DeSanctis said.
Commodity prices usually rise when inflation is accelerating, and therefore some choose to invest in this asset class to hedge against inflation.
Plus, Biden’s infrastructure bill, which aims in part to upgrade old infrastructures such as buildings, highways, and bridges could also “really help this sector,” according to DeSanctis.
For those choosing to act on the recommendation, Vanguard Materials ETF is an example of an exchange-traded fund that offers exposure to this sector.
Another group that was already poised to win even before an infrastructure package was finalized includes industrials, DeSanctis said.
It’s usually a pro-cyclical sector, meaning that it tends to perform well when the economy is flourishing and can benefit from rising rates that suggest stronger economic growth.
Meantime, the PMI and ISM are improving, and that “gets reflected in stronger earnings and sales revision ratios that are better than the universe,’ he said.
That’s because those are leading indicators of economic activity given that they measure the prevailing direction of economic trends in manufacturing and the change in production levels across the U.S. on a monthly basis.
The Fidelity MSCI Industrials Index ETF is an option for investors who want to gain exposure to this market area.
Another sector that could benefit from higher inflation includes real estate.
Some investors choose to jump into real estate when inflation climbs because rising prices usually increase the value of a property over time as well as the amount that tenants pay in rent.
Additionally, DeSanctis says the sector is as cheap as it was in 2009, and has a low level of debt alongside higher cash levels.
Those looking to gain exposure to the real estate industry within the US equity market might want to consider the Schwab US REIT ETF.
Kazakhstan Launches Public Consultation for Its Proposed CBDC
Kazakhstan is advancing its digital tenge project with a use case design and stakeholder consultation.
Colonial Pipeline cyberattack shuts down pipeline that supplies 45% of East Coast’s fuel
The attack highlights how ransomware and other cyberattacks are increasingly a threat to real-world infrastructure.
Daily Crunch: A huge fintech exit as the week ends – TechCrunch
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a...
Nasdaq-Listed Metromile Backs Bitcoin for its Insurance Products
Auto insurance company Metromile is thinking of investing in Bitcoin.
The stock market may be misreading what this weak jobs report means for the Fed
The disappointing April jobs report reinforces the Fed's easy policies, but some strategists still expect the Fed to move toward...
U.S. ready to lift many sanctions but Iran wants more – top Iran nuclear delegate
The United States has expressed its readiness to lift many of its sanctions on Iran at the Vienna nuclear talks...
FlexiSpot Bamboo EN1 review: Affordable electric standing desk with stand interval reminders
Working from home or working for long hours in an office can wear on you so changing up the scenery...
Peloton reports sales up 141% as cycle demand remains strong, says it’s working to quickly fix treadmills
Peloton said Thursday it expects its fiscal fourth-quarter sales to take a $165 million hit due to a treadmill recall.
The factors that improve job resiliency in North American cities have been identified
Credit: UC3M The researchers in this study reached this conclusion by drawing on network modelling research and mapped the job
Sweden’s Einride Raises $110M For Autonomous And Electric Freight
Ethicalmarkets6 months ago
Finance for Biodiversity – Aligning Development Finance with Nature’s Needs: Protecting Nature’s Development Dividend
Bioengineer5 months ago
Scientists warn of the social and environmental risks tied to the energy transition
Business insider6 months ago
10 things you need to know before the opening bell | Markets Insider
Business insider1 month ago
Square’s Cash App is hiring for a slew of positions hinting at plans to attract more merchants and compete directly with payment networks like Mastercard and Visa
Ethicalmarkets6 months ago
Third TCFD Status Report Shows Progress & Highlights Need for Greater Climate-Related Disclosures and Transparency
Business insider3 months ago
Ford’s stock could surge 127% if the company is able to carve out a new revenue stream from data subscriptions, Morgan Stanley says
Business insider2 months ago
Microsoft allies with European publishers to push for ‘Australian-style’ laws on news content, pitting itself against Facebook and Google
Business insider5 months ago
An equity chief studied 100 years of market history to pinpoint the stock-market level that would confirm a bubble is underway – and potentially mark the beginning of the next meltdown