Jun 16, 2017

Laser supplier hints major AR features coming to next iPhone

Apple appears to be getting ready to add more sophisticated augmented reality features to the next iPhone, based on the comments of a component supplier on Thursday. On its earnings call, Finisar said it expects one company to account for millions of units of a specialized laser. While it didn't mention Apple by name, Loup Ventures said Friday it believes Apple is that unnamed customer.

Why it matters: Apple already added its ARKit to the next version of the iPhone operating system; Adding AR capabilities to the iPhone could help distinguish it in the increasingly competitive smartphone market. Loup also said that based on Finisar's comments it expects the next iPhone to be announced in September and ship in October.

Loup Ventures says it expects Finisar to be one of several suppliers of the specialized laser, known as a VCSEL. In May, another supplier, Lumentum, said it anticipated to start volume shipments of the same type of laser in the second half of the year.

Apple is putting the hammer down in AR. The company already has more than 100m AR-enabled iPhones (iPhone 7) in use today, and all versions of the next iPhone will be AR-enabled. Incorporating these high-end VCSEL lasers into the iPhone will enrich the augmented reality experience. Coupled with the release of the ARKit at WWDC in early June, Apple is positioning itself to become a leader in this next generation tech movement. Separately, Apple is cornering the market for the VCSEL sensors.

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Sen. Kelly Loeffler liquidates stocks after uproar over coronavirus sell-off

Sen. Kelly Loeffler. Photo: Madnel Ngan/AFP via Getty Images

Sen. Kelly Loeffler (R-Ga.) and her husband Jeffrey Sprecher are liquidating their stock portfolio and moving holdings into exchange traded funds (ETFs) after coming under fire for purchasing and selling roughly $1.4 million in stock just before the market crashed in response to the coronavirus pandemic.

Why it matters: Loeffler, who faces a competitive reelection fight in November, is one of several senators under fire for selling shares shortly after a private briefing on the coronavirus — sparking accusations of insider trading.

Sanders: "While this campaign is coming to an end, our movement is not"

Addressing his supporters via livestream after suspending his campaign, Bernie Sanders congratulated Joe Biden on his presumptive victory in the 2020 Democratic presidential primary while making clear that his fight for progressive ideas will not end with his candidacy.

What he's saying: "While this campaign is coming to an end, our movement is not. Dr. Martin Luther King Jr. reminded us that 'the arc of the moral universe is long, but it bends towards justice.' The fight for justice is what our campaign has been about. The fight for justice is what our movement remains about."