Technologies
It’s Time to Stop Waiting for Apple’s Next iPhone Moment
Commentary: The iPhone took off because it came at the right time — a moment that may be impossible to re-create.
When the original iPhone arrived in 2007, few people knew it would lay the foundation for the devices we now carry in our pockets each day. As the June 5 date of Apple’s Worldwide Developers Conference approaches, all eyes will be focused on whether the tech giant can re-create that impact with its first entirely new product in almost a decade: a head-mounted computer.Â
The iPhone wasn’t the first smartphone, nor was it the first mobile device to achieve cultural relevance as a status symbol. But it came at just the right moment, and there arguably hasn’t been such a perfectly timed tech product launch since. Re-creating that moment will be challenging, even for Apple.Â
The tech industry has evolved a lot since 2007, and so has our relationship with technology. Devices like the iPhone and the BlackBerry revolutionized the way we access information and communicate, at a time when the idea of constant internet connectivity was relatively new.Â
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But the biggest new gadgets since then (think smartwatches, wireless earbuds) were initially useful because they untethered us from those phones, helping us better navigate the influx of alerts flowing from them. It took years for the Apple Watch to establish its direction as a health and wellness device, and I suspect it’ll similarly take time for the headset to find its niche.Â
The arrival of a completely new product — whether it be a smartwatch or a headset — doesn’t feel the same as it did 16 years ago. Nor should it.Â
For the iPhone, timing was everything
The iPhone debuted at a formative time for personal technology. As the internet became a more integral part of our lives, so did the need to take it with us.Â
The iPod, BlackBerry phones and other personal digital assistants (better known as PDAs) provided a way to keep us connected on the go as people recognized the need to listen to music, send emails, and manage calendars away from home. Shipments of handheld computers from brands like BlackBerry and Palm rose 18.4% in 2006, according to Gartner data reported by the Associated Press in early 2007, underscoring the demand for mobile access to email and other communications.Â

Research in Motion’s BlackBerry Curve 8350i, from 2008. The BlackBerry first appeared in 2002.
Then the iPhone came in 2007 and changed everything. Steve Jobs famously introduced the first iPhone as a phone, an iPod and an Internet communicator in one device. What made the iPhone so impactful was that those three things were already necessities in people’s lives, as the success of cell phones, the iPod and home computers showed.Â
In 2000, 51% of US households had one or more computers, and more than 40% of households were connected to the Internet, according to a 2001 New York Times report covering Census Bureau data. The US added a record-breaking 25.7 million new mobile phone users in 2005, reported InfoWorld in 2006, citing data from the Cellular Telecommunications & Internet Association. And sales of MP3 players were booming in the early 2000s, as market researcher IDC reported back in 2002.Â
Clearly the internet, MP3 players and cell phones were permeating everyday life long before the iPhone made its debut at the Macworld conference in 2007. The iPhone was the culmination of these trends, showing how hardware was catching up to the way people were already using tech products in their daily lives. Though PDAs and early “smart” phones like the IBM Simon were a promising start, they were largely designed to be handheld computers with cell phone functionality.Â
The iPhone and other modern smartphones took that idea a step further. When Apple’s App Store arrived later in 2008, apps turned the iPhone and other handheld devices into Swiss Army Knives, expanding their functionality beyond the business-focused PDAs of years past. Today, mobile devices can serve as phones, internet and email portals, music players, mini-TVs, flashlights, wallets, keys and so much more, largely thanks to the proliferation of apps.

The App Store turned the iPhone into much more than a phone, iPod and internet communicator.Â
But it’s important to remember that even the iPhone wasn’t an overnight success. The original model’s price and initial exclusivity to AT&T, combined with the notion that Apple was a newcomer to the mobile phone business, certainly resulted in some skepticism about the iPhone’s future. Let’s not forget that the first model also had many shortcomings, as former CNET Senior Managing Editor Kent German pointed out in his review.
Still, the iPhone had a long-term impact because it filled a need at the right time — even if it wasn’t immediately accessible to everyone right away. Consider technologies that came before their time. Microsoft’s SPOT platform sought to turn everyday objects like watches and household appliances into smart gadgets — preceding today’s smartwatches and the so-called internet of things boom. The SPOT watches never caught on, thanks in part to their bulky design and the subscription fee required to access Microsoft’s MSN Direct service, as my colleague David Carnoy wrote in 2008, marking the end of Microsoft’s efforts in that area at the time.
An Apple headset has a lot more competition for our attentionÂ
Fast-forward to today, and the tech world is buzzing about what’s expected to be a similar moment in Apple’s history. The company will reportedly introduce its first mixed reality headset on June 5, which Bloomberg says will have apps and software features that span gaming, communication, fitness and more. Apple has a reputation for popularizing devices like the smartphone, tablet and smartwatch, so the expectation is that it will do so again for headsets.
That may very well be true. But making head-mounted computers as ubiquitous as the iPhone is a tough task, even for Apple. Once again, it will all come down to timing. From smartwatches to earbuds, tablets to smart speakers, there are plenty of gadgets in our lives designed to fulfill different needs — many more than when the first iPhone launched.Â

Devices like the Apple Watch can help us manage the influx of notifications coming from our phones.
American households owned an average of 16 connected devices as of 2022, according to research firm Parks Associates. A Pew Research survey from 2021 found that 31% of US adults said they’re constantly online. A Reviews.org survey, the results of which were published this month, found that 56.9% of Americans said they’re addicted to their smartphone. Â
A gadget like Apple’s virtual reality headset, which will cost around $3,000 according to Bloomberg, will have to be very compelling to demand attention in a world already oversaturated with screens and sensors.
The iPhone may have revolutionized the way we communicate and use the internet. But we’re now in an era in which people are looking to disconnect from their phones more easily, and that shows in the new tech products from the last decade. Â
What do smartwatches, wireless earbuds and smart speakers have in common? They all allow us to access the internet without reaching for our phones, whether it’s skipping to the next track on your Spotify playlist, asking a virtual assistant for today’s weather forecast or getting a text message on your wrist. A mixed reality headset would seemingly do the opposite by further plunging you into whatever content you’re experiencing at the moment. Â
Even the developments in generative artificial intelligence, or AI, that can create content based on prompts, are designed to help us spend less time buried in screens. Google, for example, recently showed off a new Gmail feature called Help Me Write that can draft messages for you based on a quick prompt. Tools like these could shorten the amount of time we spend replying to emails and other communications, and could arguably be more impactful than new hardware. (In fact, if you’ve been following tech headlines in 2023, AI is apparently in the midst of its own “iPhone moment.”)
The slow-burn effect
In recent years, it’s taken longer for new Apple gadgets to establish a role in our lives, and the Apple Watch is the strongest example of this. When introducing it back in 2014, Apple initially positioned it as a personal timepiece by highlighting its stylish design and time-telling accuracy, before mentioning health and fitness.
But as the gadget matured and became more popular, Apple leaned more fully into health. It added ECG functionality in 2018 with the Series 4 model, enabling the watch to provide more data about cardiac health and signaling a turning point for the device. In 2019, Apple CEO Tim Cook told CNBC that Apple’s “greatest contribution to mankind” will be about health. Roughly three years after the first Apple Watch arrived, it became clear that health, fitness and wellness tracking would be the its most important purpose. The iPhone may not have been in everyone’s pockets right away, but its role as a handheld computer, MP3 player and phone was apparent from the start.Â

The Apple Watch Series 4 was the first with ECG support.
Is it the right time for Apple’s rumored headset? I don’t have the answer, and I’m not sure if Apple does either. But one thing is for certain: If the headset is a hit, its success will look a lot different than that of the first iPhone. We might not understand the headset’s role in our lives until years after its release, if the Apple Watch’s trajectory is any indication. That wouldn’t deem it a failure, it’s just a sign of the times.Â
The so-called “iPhone moment” may be behind us for good. Or maybe it’s just changed.
Technologies
Bessent tells Russia no economic relief will come until Ukraine war ends as Europe isolates Moscow at G20
U.S. Treasury Secretary Scott Bessent told Russian Finance Minister Anton Siluanov that no economic relief or new agreements can be made while the war in Ukraine continues, during a rare G20 meeting in Asheville, North Carolina.
U.S. Treasury Secretary Scott Bessent reportedly told Russian Finance Minister Anton Siluanov that no sanctions relief or new agreements with Moscow were possible, as long as the war in Ukraine continues.
The two officials met on the sidelines of a Group of 20 finance leaders gathering in Asheville, North Carolina.
Bessent’s remarks came as Siluanov’s first in-person appearance at the summit since Russia’s invasion of Ukraine in 2022 drew objections from other European leaders. European governments have planned to expand sanctions to further squeeze Moscow’s economy and finances.
The rare meeting underscored Washington’s willingness to reopen high-level diplomatic channels with Moscow, even as European allies have intended to keep the nation isolated while the war continues.
Bessent made it clear to Siluanov that “nothing is possible until the war is over,” when the Russian minister brought up other areas of mutual interest, Reuters reported.
The meeting centered on President Donald Trump’s peace plan for Ukraine and economic growth, according to Axios, while Russia’s finance ministry described the discussions as covering financial cooperation between the two nations within the G20 framework.
Russia’s surprise return to the table sparked dismay among European officials, who opposed appearing with Siluanov in the traditional G20 photo, which was ultimately taken without the Russian minister.
Technologies
Venezuela grants U.S.-backed oil firm NABEP 100-year concessions for 17 oil fields, White House says
Venezuelan interim authorities have granted North American Blue Energy Partners 100-year concessions for 17 oil fields, White House says.
Venezuelan interim authorities have granted U.S.-backed North American Blue Energy Partners, or NABEP, 100-year concessions for 17 oil fields, with proven reserves of about 65 billion barrels, the White House said on Monday.
NABEP is the second-largest private oil producer in Venezuela. The company has granted the U.S. Department of War’s Office of Strategic Capital an equity stake of 35% in its corporate parent, according to the White House, representing up to “hundreds of billions in value and dividends for the United States.”
President Donald Trump announced Friday a deal with Caracas that would give the U.S. majority control over 65 billion barrels, or about 20% of the South American nation’s massive oil reserves. The U.S. had about 46 billion barrels in proven oil reserves as of end-2024, according to official figures.
In a fact sheet published Monday evening stateside, the U.S. government said it would enjoy the right to purchase, at production cost, a guaranteed 20% of the off-take from all current and future fields NABEP will operate, as part of an effort to facilitate refilling the U.S. strategic petroleum reserves.
The U.S. government also has the “right of first refusal” to purchase the remaining 80% of NABEP’s production, making Washington the prioritized buyer for its energy reserves.
Analysts, however, remained skeptical that the landmark oil deal could meaningfully boost the U.S. energy production and bring down gas prices for Americans in the near term. Huge investments are needed to extract the rich resources in Venezuela, whose oil output remains at a fraction of its capacity due to decades of mismanagement, lack of investment and sanctions.
NABEP also planned to invest up to $100 billion in new oil infrastructure in Venezuela to scale production, the White House said. Under the agreement, the company is expected to pay $200 billion in royalty and tax payments to Venezuelan governments over the first 25 years.
Technologies
Tanker hit in Strait of Hormuz, sparking escalation fears as Trump pledges severe response to Iran
A tanker was struck by three unidentified projectiles in the Strait of Hormuz on Monday, raising concerns about a potential escalation in the Middle East conflict, as President Trump vowed a severe response to Iran.
A tanker was struck by three unidentified projectiles while navigating the Strait of Hormuz on Monday, raising concerns that the Middle East conflict could flare up again.
The vessel was traveling in the southern shipping lane near the Omani coast, according to a Tuesday statement from the UK Maritime Trade Operations agency, posted in Asia time. No injuries were reported.
Iran launched an attack on two U.S. bases in Jordan on Monday in retaliation for America’s strike on its Larak Island. U.S. forces targeted two Iranian rocket launchers on Larak Island on Sunday, reportedly killing three, claiming that Tehran intended to fire rockets carrying sea mines into the Strait of Hormuz.
The small island, situated in the Strait of Hormuz, has been a critical military and shipping control point for Iranian forces, enabling them to maintain tight control over vessel traffic through one of the world’s most vital maritime routes.
The tit-for-tat hostilities marked the first time in over a month that the U.S. and Iran have exchanged strikes.
While neither side appears to be seeking a return to full-scale war, both have signaled readiness to respond to further attacks. “We are going to hit them hard,” President Donald Trump told Fox News on Monday, stating that “there will be a response” to Iran’s attacks on U.S. military bases in the region.
Analysts largely view the U.S. attack on Larak Island as an attempt to break a deadlock rather than a shift in strategy. “By targeting the launchers rather than broader Iranian military infrastructure, the U.S. seems to be punishing a specific behavior rather than, at least for now, expanding its war aims,” said Ali Vaez, deputy program director at International Crisis Group.
“It is enforcing the blockade,” said Jason Brodsky, policy director of United Against Nuclear Iran, adding that the Trump administration’s goal is to further degrade Tehran’s ability to mine the Strait of Hormuz, while focusing on economic coercive measures as the midterm elections approach.
Washington has intensified pressure to squeeze Iran’s already weakened economy with “secondary sanctions” that penalize nations and businesses buying Iranian crude. U.S. Treasury Secretary Scott Bessent said Monday, on the sidelines of the Group of 20 finance ministers’ gathering, that Iran was “lashing out kinetically” because the new sanctions were taking a toll on its economy.
Speaking from the Oval Office on Monday, Trump reportedly said that Iran’s financial systems, armed forces, and governing body have largely degraded. “It doesn’t mean we won’t smack them to see what happens,” the president said.
The war, now entering its seventh month, has disrupted global energy supplies and sent shockwaves through global financial markets. International oil benchmark Brent surged past $90 a barrel amid renewed hostilities and last traded at $91.08 on Tuesday. U.S. West Texas Intermediate futures added less than 1% to $86.65 per barrel.
“This is fundamentally an endurance contest,” said Brodsky, as Trump has demonstrated an “unpredictability” that should concern the Iranians, and Tehran may lash out more aggressively militarily as economic pressure mounts.
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