Good morning! Here’s the technology news you need to know this morning.
1. Apple had its big WWDC keynote yesterday, and the company showed off its Amazon Echo competitor called “HomePod.” The device launches in December, and will only be available in the US, UK, and Australia at launch.
2. Apple also announced iOS 11, the latest version of its mobile operating system for iPhones and iPads. The software updates Messages, allowing people to send payments to each other. Siri and Apple Maps have also been improved.
3. And Apple also launched its own augmented reality software called “ARKit.” The goal is to make the iPhone “the largest AR platform in the world,” according to software chief Craig Federighi.
4. Alphabet stock topped $US1,000 (£773) for the first time yesterday. Alphabet has gained about 25% so far this year. The S&P 500 is up around 7.8% in the same time.
5. JPMorgan published an analyst note about Snap which downgraded its price target and said it thinks fewer people are joining Snapchat. The bank estimates only 8 million users will join Snapchat in the second quarter of 2017, instead of the 10 million that were previously expected.
6. Uber has hired a new SVP whose only job is to fix its leadership problems. Frances Frei is joining the company as SVP of leadership & strategy, reporting directly to CEO Travis Kalanick.
7. There’s a WhatsApp scam going round trying to trick people into paying for the app. The scam texts try to make people pay for a “lifetime subscription” to the free app.
8. Snap acquired a company to help advertisers track people in the real world. It has bought Placed, a six-year-old advertising startup.
9. Some Tesla owners may see their insurance cost surge 30%. US insurance provider AAA plans to raise its rates after seeing a high number of claim frequencies among Model S and Model X owners.
10. Apple, Amazon, Google, and hundreds of businesses vowed to meet Paris climate goals on their own “in the absence of leadership from Washington.” The companies joined together as part of the “We Are Still In” campaign.