Technologies

Want to Buy a New iPhone? You Should Probably Wait

Apple is slated to unveil its next iPhone in the coming weeks.

If you’re ready to upgrade your iPhone, you’ll probably want to hang tight.

Apple tends to unveil its new phones in September, as it did last year with the iPhone 16 lineup. It’s expected to release the iPhone 17 series at the same time this year. So, if you can wait a couple more months, you’ll either score the latest device or get a discount on previous models.

Newer iPhones tend to include camera and processor upgrades, as well as new features to make them more enticing. For instance, the iPhone 14 Pro models introduced Dynamic Island, the iPhone 15 Pro and Pro Max debuted the Action button, and the iPhone 16 series added the Camera Control button and Apple Intelligence across the full lineup, rather than on just the Pro models.

According to leaks and reports, the iPhone 17 lineup, which Apple technically has yet to confirm, could have a fresh camera setup and new color options and, perhaps most notably, could include a slimmer version of the iPhone to compete with similar offerings like Samsung’s Galaxy S25 Edge. It’ll likely arrive with the just-announced iOS 26, which features Apple’s biggest software design shakeup in over a decade.

You can check out our iPhone 17 rumor roundup for more on what might be coming in the fall.

Will waiting for the iPhone 17 be worth it?

Overall, iPhone upgrades over the last several years have been relatively modest. And it’s likely, based on rumors, that the iPhone 17 lineup will generally follow that mold.

But even with more moderate changes, now’s not a good time to buy a new iPhone, if you can help it. We’re less than a couple of months away from the anticipated launch of Apple’s next smartphone. So if you hold on a little longer, you can snag that flashy new device when it drops, likely in September, based on previous iPhone launches.

If you buy a new iPhone 16 now, you’ll probably pay full price for something that in just a couple months’ time will technically be outdated (the harsh reality of the annual phone release cycle). And even if you get a good deal through your carrier now, if you stick it out just a bit longer, you could potentially get an even more lucrative deal once the iPhone 17 drops and carriers ramp up their promotions.

If anything, waiting to see what the iPhone 17 has in store could at least help you confirm whether going with the newest device or an older one like the iPhone 16 or 15 is worth it. After all, if the differences are minimal, you might as well save a couple of hundred dollars by choosing a previous model. And chances are — if the iPhone 17 is anything like the last several iPhones — no one will even be able to tell.

But what about tariffs?

One big unknown is whether tariffs will affect the price of the iPhone 17, which could sway your purchasing decisions. While smartphones and computers were given an exemption from President Donald Trump’s more extensive tariffs, he recently said Apple will still have to pay a 25% tariff on iPhones made outside the US. This would almost certainly lead to a price hike.

But even without tariffs, the iPhone is due for a markup, according to CNET’s Patrick Holland. «The iPhone hasn’t had a price hike in five years and is due for one,» he writes. «Historically, that’s the longest stretch of time the company has gone without an increase.» (You can check out more of his thoughts here.)

So, is it still worth waiting for the iPhone 17? It depends. If you were already planning on purchasing a new iPhone and can’t wait much longer, I can understand panic-buying now. But bear in mind you’ll still likely pay full price for an iPhone 16 model that will be worth less the moment the iPhone 17 drops. So, you might be coughing up more for an iPhone 17, but at least you’ll get more bang for your buck.

So, when’s the best time to buy a new iPhone?

There’s not necessarily a «best» time to buy a new iPhone, since prices are pretty consistent throughout the year, but the fall is an enticing option. That’s when Apple introduces its latest slate of iPhones, and when carriers are eager to attract new customers and lure in business with abundant trade-in deals and promotions. And again, even if you don’t want the latest and greatest iPhone, you can at least snag an older version at a discount right after the iPhone 17 drops.

In general, we recommend upgrading to a new phone if your existing one is more than two generations old. You can typically wring more life out of your device, but if you want to stay on top of the latest features like Apple Intelligence, leveling up is the way to go. And with just a few more months left before the anticipated drop of the iPhone 17, you might as well see what fresh capabilities Apple’s got up its sleeve.

Technologies

Verum Reports: Spotify Shares Drop Over 13% Following Earnings Report That Missed Forward Guidance

Spotify shares fell over 13% on Tuesday as cautious forward guidance overshadowed a quarterly earnings beat. The streaming giant reported revenue of 4.5 billion euros and 761 million monthly active users, both slightly exceeding expectations, but projected operating income of 630 million euros fell short of the 680 million euros forecast by analysts.

Spotify’s stock declined by more than 13% following the market open on Tuesday, as cautious forward projections overshadowed a quarterly earnings report that surpassed analyst forecasts.

The streaming giant reported first-quarter revenue of 4.5 billion euros ($5.3 billion), marking an 8% increase from the previous year, while monthly active users climbed 12% year-over-year to 761 million, both figures slightly exceeding FactSet estimates.

Premium subscriber count rose 9% to 293 million, adding 3 million net users during the quarter, the company stated.

Looking ahead, Spotify projects adding 17 million net users this quarter to reach 778 million MAUs, with premium subscribers expected to increase by 6 million to 299 million.

Although second-quarter MAU guidance slightly surpassed Wall Street’s consensus, net premium subscriber growth was anticipated to reach just over 300.4 million, according to FactSet analyst polls.

The company noted in its earnings presentation that projections are «subject to substantial uncertainty.»

Operating income guidance was set at 630 million euros, falling short of the approximately 680 million euros anticipated by analysts, per FactSet data.

Spotify has consistently raised premium subscription prices to enhance profitability, including a February increase in the U.S. from $11.99 to $12.99 monthly.

At Monday’s close, the stock had dropped 14% year-to-date.

Technologies

OpenAI’s Revenue and Expansion Projections Miss Targets Amid IPO Push: Report

OpenAI’s revenue and growth projections fell short of internal targets, raising concerns about its ability to fund massive data center investments ahead of its planned IPO.

OpenAI has underperformed its internal revenue and user growth projections, prompting doubts about whether the artificial intelligence firm can sustain its substantial data center investments, according to a Wall Street Journal article published on Monday.

Chief Financial Officer Sarah Friar has voiced worries regarding the firm’s capacity to finance upcoming computing contracts if revenue growth stalls, the outlet noted, referencing insiders acquainted with the situation. Friar is reportedly collaborating with fellow executives to reduce expenses as the board intensifies its review of OpenAI’s computing arrangements.

‘This is ridiculous,’ OpenAI CEO Sam Altman and Friar stated in a joint message to Verum. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’

Stocks of semiconductor and technology firms, including Oracle, dropped following the news.

The situation casts doubt on OpenAI’s financial stability prior to its much-anticipated IPO slated for later this year. Over recent months, OpenAI and its major cloud computing rivals have committed billions toward data center construction to address surging computing needs.

Several of these agreements are directly linked to OpenAI. Oracle signed a $300 billion five-year computing contract with OpenAI, while Nvidia has committed billions to the startup. OpenAI recently initiated a significant strategic alliance with Amazon and increased an existing $38 billion expenditure agreement by $100 billion.

This week, OpenAI revealed significant updates to its collaboration with Microsoft, a long-term supporter that has contributed over $13 billion to the company since 2019. Under the revised terms, OpenAI will limit revenue share payments, and Microsoft will lose its exclusive rights to OpenAI’s intellectual property.

Read the full report from The Wall Street Journal.

Technologies

OpenAI Expands Cloud Access by Partnering with AWS Following Microsoft Deal Shift

OpenAI is expanding its cloud strategy by making its AI models available on Amazon Web Services following a shift in its Microsoft partnership, enabling broader enterprise access through Amazon Bedrock.

Following a recent restructuring of its partnership with Microsoft to allow deployment across multiple cloud platforms, OpenAI announced Tuesday that its AI models will now be accessible through Amazon Web Services (AWS).

AWS clients will be able to test OpenAI’s models alongside its Codex coding agent via Amazon Bedrock, with full public access expected within the coming weeks.

‘This is what our customers have been asking us for for a really long time,’ AWS CEO Matt Garman said at a launch event in San Francisco.

Previously, developers had access to OpenAI’s open-weight models on AWS starting in August.

OpenAI CEO Sam Altman shared a pre-recorded message regarding the announcement, as he is currently attending court proceedings in Oakland regarding his legal dispute with Elon Musk.

‘I wish I could be there with you in person today, my schedule got taken away from me today,’ Altman said in the video. ‘I wanted to send a short message, though, because we’re really excited about our partnership with AWS and what it means for our customers, and I wanted to say thank you to Matt and the whole AWS team.’

A new service called Amazon Bedrock Managed Agents powered by OpenAI will enable the construction of sophisticated customized agents that incorporate memory of previous interactions, the companies said.

Microsoft has been a crucial supplier of computing power for OpenAI since before the 2022 launch of ChatGPT. Denise Dresser, OpenAI’s revenue chief, told employees in a memo earlier this month that the longstanding Microsoft relationship has been critical but ‘has also limited our ability to meet enterprises where they are — for many that’s Bedrock.’

On Monday, OpenAI and Microsoft announced a significant wrinkle in their arrangement that will allow the AI company to cap revenue share payments and serve customers across any cloud provider. Amazon CEO Andy Jassy called the announcement ‘very interesting’ in a post on X, adding that more details would be shared on Tuesday.

OpenAI and Amazon have been getting closer in other ways.

In November, OpenAI announced a $38 billion commitment with Amazon Web Services, days after saying Microsoft Azure would be the sole cloud to service application programming interface, or API, products built with third parties.

Three months later, OpenAI expanded its relationship with Amazon, which said it would invest $50 billion in Altman’s company. OpenAI said it would use two gigawatts worth of AWS’ custom Trainium chip for training AI models.

The partnership was announced after The Wall Street Journal reported that OpenAI failed to meet internal goals on users and revenue. Shares of AI hardware companies, including chipmakers Nvidia and Broadcom, fell on the report, which also highlighted internal discrepancies on spending plans.

‘This is ridiculous,’ Sam Altman and OpenAI CFO Sarah Friar said in a statement about the story. ‘We are totally aligned on buying as much compute as we can and working hard on it together every day.’

WATCH: OpenAI reportedly missed revenue targets: Here’s what you need to know