Waiting to exhale. The tech sector can breath a sigh of relief, one which will likely inflate its stock prices, as President Trump and Chinese President Xi put off imposing any additional tariffs on trade between the two countries. That’s fortuitous for Apple, which not only avoids higher prices on the iPhone but also just moved production of its high-end PC, the Mac Pro, from the United States to China.
It’s OK if you’re clueless. That hot Wall Street Journal story we linked to on Friday accusing Advanced Micro Devices of transferring key supercomputer technology to China may have been a little too hot. AMD says the story had “several factual errors and omissions and does not portray an accurate picture of the joint ventures.” Monday’s new, hot Journal story says departing Apple design chief Jony Ive has missed a lot of meetings and flopped a bit over the past few years.
Getting to happy. Online retailer the RealReal went public on Friday and its shares jumped 45% from the initial offering price of $20. The sites gross sales of “pre-owned” and post-authenticated Gucci bags and Cartier necklaces exceeded $224 million in the first quarter, up 42% from last year, though generating a net loss of about $23 million.
Disappearing acts. The government of Iran was not kidding around when it banned bitcoin mining in the country last year. The government closed down two mining operations in Yazd province which allegedly caused a 7% jump in Iranian power consumption in June.
How Stella got her groove back. They apparently need to de-ice a lot of things in Scandanavia. So Norwegian startup UBIQ Aerospace is building drones to break up the frozen stuff. The company said on Friday it raised seed funding from James Murdoch’s Lupa Systems and a local accelerator fund.
(A Monday morning headline reference explainer plus beach reading list.)
FOOD FOR THOUGHT
Last week’s Data Sheet essay about Microsoft’s ban on employees using rival messaging software from Slack brought some pushback from readers.
Several of you wrote in to defend the practice of developers relying solely on their own apps. “Companies should use their own products to show they use what they sell, to test and improve their own products, and for the obvious financial reasons of using your own products versus buying (or giving your data for the free ones) someone else’s product,” one reader noted. Another put it more succinctly: “If you don’t eat your own dog food, it will never be competitive.”
There was also some disagreement with my assessment of Yahoo email after Marissa Mayer required all employees to use it. “Beg to disagree, Yahoo Mail was *much* better for it–night and day according to our users and many long-time Yahoos,” wrote a reader who might know something about the subject, Marissa Mayer.
IN CASE YOU MISSED IT
What Jony Ive’s Departure Means for Apple’s Stock By Anne Sraders
Spotify’s Pre-Save Feature Gives Record Labels User Data, Account Access By Xavier Harding
BEFORE YOU GO
There are many crazy days in sports, but I’m not sure many could rival Sunday night’s start of free agency in the National Basketball Association. Some of the best players in the NBA were on the move and it’s gotten quite difficult to figure out the favorites for the upcoming season. USA Today’s Charles Curtis took a stab at picking the initial winners and losers. Read it and weep–or cheer–depending on the verdict for your favorite team.