Good morning! Here is the tech news you need to know this Wednesday.
1. Microsoft unveiled the Surface Laptop. It’s available for preorder on Tuesday at $US999 (£770) and it’s aimed squarely at stealing customers away from Apple’s newest MacBooks.
2. Apple stock dropped 2% after it posted Q2 results below Wall Street expectations. Poor iPhone results over the quarter were a key issue.
3. Apple CEO Tim Cook said rumours about the upcoming iPhone 8 were partly to blame for slow iPhone sales in the last quarter. “We’re seeing what we believe to be a pause in purchases of iPhone, which we believe is due to the earlier and much more frequent reports about future iPhones,” Cook said.
4. Mark Cuban, the investor and TV personality, told CNBC that he recently invested in Twitter because of its possible artificial intelligence capabilities. He did not disclose how much he invested.
5. Google, Amazon, and eBay have quietly killed their Apple Watch apps. Apple remains committed to the Apple Watch but it has struggled to convince consumers that they need to buy one.
6. Samsung has received approval to test a self driving car in South Korea. It will be powered by cameras and artificial intelligence software developed by Samsung.
7. Mind Candy’s CEO explained how the company wants to make a “Pokémon Go”-style comeback. He said the company could undergo similar revivals to Pokémon and “Teenage Mutant Ninja Turtles”, which had a cinematic reboot in 2014.
8. Early Uber investor Chris Sacca said CEO Travis Kalanick is in “a very vulnerable and introspective state right now”. Kalanick’s company has been tarnished by a slew of controversies.
10. Etsy announced Tuesday that its CEO Chad Dickerson will step down from the role on Wednesday. Josh Silverman, a board member, will replace Dickerson as chief executive of the online marketplace for hand-made goods.