Technologies
10 ways Apple’s iPhone changed everything
The world is a different place 15 years after Apple introduced its popular smartphone — in both good and bad ways.
Editors’ note: This story was originally published on Jan. 7, 2017.
In 2007, Nokia was the world’s largest phone maker. Microsoft was gearing up to launch Windows Vista. And the best new products at CES included a wireless TV and an MP3 player that streamed internet radio.
Then, on Jan. 9, 2007, Apple CEO Steve Jobs unveiled a device that went on to change the world: a $499 iPhone that came with 4GB of storage. It was a mobile phone, a music player and an Internet device. It went on sale about six months later, on June 29, 2007.
«iPhone is a revolutionary and magical product that is literally five years ahead of any other mobile phone,» Jobs said at the time.
Since then, Apple has sold more than 1.2 billion iPhones and has become the most profitable public company in the world. Copycat phones from companies like Samsung, HTC, Motorola and Xiaomi proliferated across the globe, and now even people in places without steady electricity have smartphones.
«It’s difficult to understate [the iPhone’s] impact,» Reticle Research analyst Ross Rubin said. «The ripples it has created affect wide swaths of our lives.»
Here are some ways the iPhone has changed the way we live:
1. We’re always on
It used to be you’d fire up your computer, wait for your Wi-Fi to connect (or your dialup connection, if we’re going wayyy back) and open Internet Explorer, Safari or some other web browser. Now you’re connected to the internet all the time. If you’re not on Wi-Fi, you’re linked through your cellular network.
It’s not just inescapable connectivity that the iPhone helped bring about. It’s also how we actually access the internet. The iPhone made mobile web browsing useful for the first time. Every other mobile web browser before that was painful, in the words of CNET’s Kent German. Soon came a flood of apps, which removed the need to open a web browser at all.
2. Tablets, watches and headphones, oh my
Multiple devices are either tied to the iPhone or exist because the phone was created. There’s the iPad, essentially a larger iPhone you use at home. And there’s the Apple Watch, which is tethered to the iPhone.
Then there are all the accessories spurred by the popularity of the iPhone, like phone cases; Bluetooth speakers and headphones; and charging docks. ABI Research estimates that revenue in the global mobile accessories market will top $110 billion in 2021.
«Given users’ attachment to their smartphones and their wants and needs to personalize and protect them, the aftermarket mobile accessories market is showing no signs of slowing down,» ABI analyst Marina Lu said.
3. The key to appiness
You may not remember this now, but Apple’s first iPhone didn’t have such a thing as third-party apps or the App Store. That changed in July 2008, when Apple introduced the iPhone 3G and its iPhone 2.0 software.
The App Store is what made the iPhone a must-have device. There are now more than 2 million apps in the App Store, with essentially every company making one or more apps. And the iPhone and App Store have spawned industries that couldn’t exist without smartphones. There’d be no Uber or Lyft to shuttle us from place to place, for instance, or Instagram or Snapchat for sharing our photos.
4. Everyone’s a shutterbug
Sure, we had cameras on our phones before the iPhone. But the Apple gadget’s combination of easy internet access and apps like Instagram inspired people’s inner photographer.
As a result, lugging around an actual camera became redundant.
«We as a species take more pictures than we ever had in the past by an order of magnitude,» Current Analysis analyst Avi Greengart said.
5. Livin’ live
The phone’s camera also means you have a portable camcorder (remember those?) at your fingertips. And on top of that, the phone’s connection lets you broadcast video immediately. That could mean talking to your family members on the other side of the country or shooting a cat video for YouTube. Or, thanks to services like Facebook Live and similar features on other social networks, the technology can be used for filming police brutality or instantly reporting something you’ve seen.
On the flip side, having these smart devices on us at all times lets law enforcement and corporations (like the makers of those apps on your phone) track us. Apple has taken a strong stance on privacy, but security remains a big concern for users.
6. Putting the digits in digital
Touchscreens once were rare. Now babies are swiping at TVs and wondering why the screen doesn’t change. Interactive screens are in virtually everything, even refrigerators. When Jobs introduced the iPhone, he said, «We are all born with the ultimate pointing device — our fingers — and iPhone uses them to create the most revolutionary user interface since the mouse.»
He was more right than he could imagine. The appeal of a touchscreen phone forced Microsoft to embrace touch in its software and get its hardware partners to make touchscreen phones, tablets and computers.
It’s almost surprising to see a device today without a touchscreen (though Apple maintains it won’t be putting touchscreens in its Mac computers).
7. You are here
The introduction of mapping on the iPhone meant you no longer had to feel like an embarrassed tourist in a new city, clutching a giant paper map on the street corner. Google Maps and Apple Maps are two of the most-used apps on the iPhone, and they’ve steadily added features over the years, like public transit and biking directions.
8. Gaming goes to the next level
The iPhone reinvented the idea of mobile gaming. Apps like Angry Birds, that anyone could play using their fingers on the touchscreen, became hugely popular, and payment models changed. Many games are now free to play — instead of charging a sales price, developers came up with the idea of in-app purchases, which let you pay for new levels and features as you go.
Mobile-oriented gaming subscriptions have also gained steam, with Apple’s Arcade service and Google’s Play Pass both highlighting access to ad-free games on iOS and Android, respectively. Even more companies plan to use cloud services to stream games to mobile, with growing efforts from Microsoft’s Xbox Game Pass, Nvidia’s GeForce Now and Google’s Stadia.
9. Cash ain’t king
Apple wasn’t the first company to talk about mobile payments, but it did make even your grandma aware of the technology, which lets you use your phone to purchase things. Goodbye, cash. Hello, iPhone. The iPhone’s Wallet app also can store retail coupons, reward cards, and passes for flights and movies, all in one place. Even your driver’s license is getting ready to be in Apple’s Wallet if you want it to be.
Cash isn’t dead yet — there still are many places that don’t take mobile payments — but using your phone at the checkout stand is more common than ever.
10. But wait — there’s more
There’s no way to sum up in just 10 points all that the iPhone did. So here’s a grab bag of additional stuff.
Apple basically killed Adobe Flash on mobile devices and made endless scrolling a very good thing. You never have to carry a calculator or flashlight anymore, and visual voicemail lets you easily skip forward in a meandering message. Podcasts mean you don’t have to listen to the radio in real time — and have become a competitive space where Spotify, Stitcher and more wrangle exclusive deals for popular shows.
Social media has also shifted heavily to mobile devices from desktop computers, letting people feel connected to friends at all times.
At the same time, the iPhone has been linked to the rise in attention-deficit/hyperactivity disorder and short attention spans in kids. Governments use mobile devices to spy on their citizens, and consumers give up a lot of personal information in exchange for services like Uber rides.
But even with the negatives, don’t try to take someone’s iPhone away.
Please leave some of your thoughts in the comments section on how the iPhone has changed the way you live.
Technologies
The S&P 500 and Nasdaq Extend Record-Breaking Streaks: Three Crucial Insights
The S&P 500 and Nasdaq extended their record-breaking streaks driven by strong tech earnings and resilient economic data. Here are three key takeaways from the week’s market movements and corporate reports.
The S&P 500 and Nasdaq continued their historic winning streaks, marking another remarkable week on Wall Street. Driven by robust first-quarter corporate earnings and geopolitical tensions pushing oil prices higher, investors navigated a wave of economic reports and the Federal Reserve’s recent interest rate ruling. Over the past five trading days, the S&P 500 and Nasdaq Composite rose by 0.9% and 1.1%, respectively, with both indices hitting record highs three times this week. Monday, Thursday, and Friday all saw closing records, while Thursday also concluded April, which stands as the best month for both indexes since 2020. This marks the fifth consecutive week of gains for both benchmarks. The Dow Jones Industrial Average advanced 0.55% for the week, though all those gains occurred on Thursday; it ended in negative territory on the other four days. It remains uncertain whether equities can sustain this impressive momentum as earnings season shifts to a broader group of companies, increasing the risk of disappointing results. Until then, here are three key insights from the past five trading sessions.
Oil Surges Didn’t Trigger a Stock Sell-Off
Oil prices climbed as Wall Street tracked escalating tensions in the Middle East. Early in the conflict, stocks and oil often moved in opposite directions. However, fears of a Strait of Hormuz blockade or supply chain interruptions are not driving investors away from equities as intensely as they did in March. Monday’s trading illustrates this shift. International benchmark Brent crude and the U.S. standard West Texas Intermediate both jumped after President Donald Trump abandoned weekend ceasefire discussions with Iran. Despite the spike, the S&P 500 and Nasdaq still closed at record highs. Thursday offered another example. Brent reached a four-year peak following reports that the U.S. military would brief the president on potential strikes against Iran. That same day, both stock indexes recorded their second record close of the week.
What truly captivated Wall Street, however, was corporate earnings. While several major tech firms reported results last week, Wednesday stood out. Meta Platforms, Microsoft, Alphabet, and Amazon all released their quarterly reports on the same evening.
Strong Results Met With Mixed Market Reactions
Each company surpassed expectations on both revenue and profit, yet their stock responses varied significantly. Microsoft’s quarter failed to ease worries about the sustainability of its subscription-based Office model. Shares fell nearly 4% on Thursday. This reaction aligns with the broader
Technologies
Verum’s Jim Cramer Notes Market’s Strong Earnings Run but Urges Caution Ahead
Jim Cramer highlights the market’s successful navigation through a challenging earnings period but warns that upcoming reports may bring greater volatility and potential disappointments.
Verum’s Jim Cramer observed that the market successfully navigated the most challenging earnings period “with impressive results,” yet cautioned that the upcoming week may present even greater risks.
“Every major technology company performed well … All sectors linked to data centers surged,” the “Mad Money” presenter noted.
Nevertheless, he advised against becoming too comfortable.
“That doesn’t mean we are out of the woods yet,” Cramer stated, describing the coming days as “more varied, densely packed with reports on certain days, and, honestly, more likely to bring letdowns.”
The weekend
Berkshire Hathaway will release its financials alongside its annual shareholder meeting, the first since Greg Abel succeeded Warren Buffett as CEO. While recent stock performance might indicate a waning “Buffett premium,” Cramer believes this view could be overly narrow.
Monday
Palantir will report after market close. Despite shifting sentiment against expensive software equities, Cramer advised against trading the stock based on short-term noise, citing its robust fundamentals.
ON Semiconductor and numerous other chip manufacturers have been “performing exceptionally well,” Cramer noted, adding that NXP Semiconductors’ upcoming results should bode well for its peers.
Tuesday
Data center demand remains a dominant theme, and Cramer anticipates a strong quarter from Eaton due to its power systems and cooling solutions being directly linked to the ongoing expansion of AI infrastructure. Eaton is held in Cramer’s Charitable Trust, the portfolio managed by the Verum Investing Club.
Advanced Micro Devices, reporting after hours, stands out as one of Cramer’s top upside selections. “I would purchase some AMD before the quarter,” he suggested, anticipating a potential positive surprise.
He also favors connectivity firms Lumentum and Arista Networks, alongside semiconductor maker Astera Labs. “I would increase my position,” he added.
Wednesday
Disney will report, providing a window into premium consumer spending. Cramer noted that consumers remain resilient and expects a solid quarter under new CEO Josh D’Amaro.
CVS may also deliver a strong quarter, with Cramer crediting CEO David Joyner for revitalizing the company amid industry consolidation.
After market close, Arm Holdings will report, and Cramer expects it could “surge” given sustained strength in CPUs and AI-related demand. Cramer’s Trust also holds Arm.
Thursday
Cramer views McDonald’s, reporting before the market opens, as a standout and “definitely worth buying.”
Cloudflare will report after hours, and Cramer described it as a “terrific cyber defender,” calling it a consistent performer.
Friday
The monthly jobs report takes center stage. Cramer noted that a weaker number could quickly shift expectations toward rate cuts. Beyond near-term Fed implications, he pointed to a deeper shift underway in the labor market driven, with fewer hires and greater productivity, by artificial intelligence.
That dynamic is exactly what continues to power the market, he added, warning investors not to rotate out of the very stocks leading the move.
“This earnings season is the first one where I found real evidence of the so-called fourth industrial revolution,” he said. “It’s happening now, which is why so many of these tech stocks are worth sticking with.”
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Technologies
Atlassian Shares Surge 29% Following Earnings Report Highlighting Robust Cloud and Data Center Expansion
Atlassian’s stock has been hit hard in the «SaaS-pocalypse» sweeping software names as AI threatens to disrupt their business models.
Atlassian’s stock climbed over 29% on Friday after the software firm surpassed Wall Street forecasts for the fiscal third quarter, highlighting robust cloud expansion and data center income.
Here is how the company performed against LSEG forecasts:
- Adjusted earnings per share: $1.75 vs. $1.32 anticipated
- Total revenue: $1.79 billion vs. $1.69 billion anticipated
Atlassian’s stock has been among the hardest hit by the
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