Apple to make 20 pct fewer iPhones - Nikkei
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Apple expects to ship 80 million new model iPhones it's launching in the second half of 2018. That's 20 percent fewer than what it had planned at the same time last year for its iPhone X and iPhone 8 models, according to the Japanese daily, Nikkei. Apple has already asked its suppliers to make less components. The company did not immediately respond to a request for comment. Its shares as well as those of its suppliers fell on the news. Reuters reporter Stephen Nellis is covering the story: "Well, what I make of it is it's getting harder and harder to tell what exactly is going on with Apple by tracking its supply chain. The real problem here is that Apple used to have one, two, or three models of phones, so you could go to a relatively small number of suppliers, kind of feel things out, and have a pretty good idea of where the company's performance was going ahead. Now they have nine phones from $350 to a $1000. Lots of different models and depending on who's supplying various things for different models, things can look really different." Analysts say the high $1,000 price of the iPhone X is muting demand. And, as improvements made to the iPhone each year are marginal, there is not much of an incentive for customers to pay for upgrades. In the meantime, Apple's market value has continued to rise and is now close to hitting $1 trillion.
Virtual Reality to take the hospital pains away?
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This isn't a Japanese garden. It's actually a French hospital, the latest clinic experimenting with virtual reality headsets to help patients through otherwise very stressful visits. "A bit like a hypnosis technique, which is another way to lower doses of anesthetics or painkillers and to offer patients more comfort, especially those with anxiety." The concept is straightforward: It distracts you from the pain or nervousness. And here at Saint-Joseph hospital in Paris it's being used with relatively simple treatments like fixing a dislocated shoulder or the unpleasant procedure of having a urinary catheter inserted. VR headsets are being used at several hospitals in the United States already, including Mount Sinai in Los Angeles. But it's a new concept here in France. Saint-Joseph believes it will become commonplace within a decade.