Android Nougat Now Running on 15.8 Percent of Active Devices, Oreo Not on Chart: Google

While all the news this week is revolving around Apple and the buzz it created around the iPhone X, iPhone 8, and iPhone 8 Plus, Google has released its Android platform distribution chart for the month of September. The chart shows that Android Nougat continuing to gain market share, with its presence now on almost 15.8 percent active devices. However, the latest Android Oreo version could not find its place in the chart for the same month – notably, Android versions with less than 0.1 percent share of active devices aren’t listed, implying Oreo is currently on fewer than those many devices.

In June this year, the Android Nougat version was found running on 10 percent of active devices. Then in July and August, Android Nougat reached 10.6 percent and 13.5 percent respectively. The total share of Android Nougat for September has now hit 15.8 percent, which includes 12.3 percent of devices on the Android 7.0 Nougat version and 1.2 percent of devices on Android 7.1 Nougat.

The new statistics show that Android Marshmallow continues to dominate with up to 32.2 percent share. The distribution share for Android Marshmallow has declined, but fell just 0.1 percent from the last month’s number that stood at 32.3 percent.

In addition to Android Marshmallow, all other Android versions have also declined. These builds include Android Gingerbread (at 0.6 percent share) and Ice Cream Sandwich (with 0.6 percent share) – which both fell 0.1 percent. Jelly Bean at 6.9 percent share, fell 0.7 percent. KitKat, currently at 15.1 percent share, fell 0.9 percent, while Lollipop, with a share of 28.8 percent, fell 0.4 percent.

Google says that this data has been collected during a 7-day period that concluded on September 11, and Android builds with less than 0.1 percent share have been excluded. It should also be kept in mind that Google takes only those Android devices into account that support Google Play (which itself supports Android 2.2 and above).

Google’s latest version Android Oreo officially rolled out to Pixel and Nexus devices a few days ago and it will take more than a month to get itself a substantial share in the Android platform distribution chart, as per recent trends.

The distribution chart also goes on to mention the OpenGL ES distribution amongst the active devices. While the latest OpenGL versions are not there in the chart, a major portion is dominated by OpenGL version 3.0 – standing at 45.8 percent, rising 0.2 percent. The other two versions in the chart are OpenGL 2.0 with 37.3 percent share (declining 0.3 percent) and OpenGL 3.1 with 16.9 percent distribution share (rising 0.1 percent). Note that support for a certain version means that it also supports any lower versions of OpenGL API, Google says in its developers blog post.



iPhone buyers: 70 percent won’t even consider another brand

Technically Incorrect offers a slightly twisted take on the tech that’s taken over our lives.

iPhone 7 Plus

$1,000 is too expensive, say iPhone lovers. But many will buy it anyway.

Sarah Tew/CNET

Samsung has now released its new phones

Apple will soon do the same — well, at least rumors say it will (and rumors are never wrong).

Could anything persuade an iPhone lover to desert Apple and seek joy elsewhere?

A survey published Friday offers a grim picture for the company’s rivals.

The research, performed earlier this month by marketing platform Fluent, asked 2,117 adult smartphone users about their phone-y feelings. 

Feelings on the Apple side appear strong.

80 percent of iPhone owners said they planned to stay faithful. Another 47 percent said they’d owned at least 4 iPhones. It’s not clear whether these were four different iPhone models or whether the people kept buying the same model because it kept breaking.

Here is perhaps the most remarkable number: 70 percent of those who said their next phone would be another iPhone said they wouldn’t even consider another brand. 

You might think this is a deep level of love. Indeed, 67 percent said they simply believed that the iPhone was the best phone one can buy. 

Another clue, though, was offered by 41 percent of these loyalists. They admitted that they’re so used to iOS that the idea of switching would just be too painful. 

I fear I might fall into that category. I look at other phones and see that they might even, on occasion, be prettier than the iPhone. The Samsung Galaxy S7 Edge was especially tempting. But the work required to switch over — and the need to tolerate far more bloatware — just turned me off.

It’s surely fair, then, to suggest that some of the purported Apple loyalty and love might really be acceptance and even tolerance.

Recent iPhones have looked as moving as a beige rug in an eggshell-colored room, but still there’s the (perhaps naive) expectation that the next one will be exciting. 

Actually, talking of the next one, the researchers asked which iPhone would be the favored upgrade.

The upcoming iPhone 7S and iPhone 7S Plus are said to have a similar design to the iPhone 7, but with added features such as wireless charging and an improved camera. The iPhone 8, on the other hand, is rumored to have an OLED screen and a design that reduces the space at the top of the screen.

The iPhone 8 was the choice for 40 percent. A mere 17 percent picked the iPhone 7S Plus, and another 17 percent the iPhone 7S.

Of course, it’s not clear whether these really will be the phones that Apple releases. But, you know, rumors. 

What about the price? Some say the iPhone 8 will cost $1,000 or even more. Charmingly, 67 percent of those who intend to upgrade to a new iPhone said that would be too expensive. 

Oh, but 40 percent intend to buy it anyway.

We’re not rational. No, not even when we reply to surveys.

Intel’s 8th-gen Core CPUs could boost laptop performance by 40 percent

For the first time, Intel’s upcoming eighth-generation Core CPUs will feature quad-core processors inside of its chips aimed at ultrabooks, offering performance as much as 40 percent faster than in the previous generation, the company said.

Intel hasn’t disclosed the prices of its four new 15-watt 8th-gen Core U-series chips, though the company revealed Monday how fast they’ll run: The slowest Core i5-8250U will run at 1.6GHz, with a boost clock of 3.4GHz; the fastest Core i7-8650U will run at 1.9GHz, boosting up to 4.2GHz.

All four U-series chips include four cores and eight threads. PCs using the new 8th-gen Core chips should begin shipping soon, Intel said, with about 80 new system designs ready to go by the 2017 holiday season.

The far more interesting story, at least for enthusiasts, will be how Intel has loosened the definition of “generation,” as a slowing Moore’s Law has thrown off the company’s legendary tick-tock manufacturing process. These 8th-generation CPUs are not the upcoming Coffee Lake, as previously expected. Intel characterizes its new chips as a “Kaby Lake refresh,” referring to the current Kaby Lake chips as “prior generation” parts. Here’s another surprise: both Coffee Lake and the upcoming 10-nm Cannon Lake chips will all be part of Intel’s eighth-generation Core branding. 

Confused? Let’s sum up: Intel’s eighth-generation Core chips will include three separate chip architectures and two process technologies, all under a single brand name. Whew!

8th gen intel core u series front Intel

Intel’s 8th-gen Core U-series chip.

What this means for you:  Intel has muddied its brands before: In 2013, Intel began taking traditional P brands like Celeron and Pentium, throwing them on top of non-PC Atom chips. The current Core i9 family includes both Skylake-X and Kaby Lake-X chips. But we’ve never seen a scenario where Intel apparently has thrown branding to the winds. More than ever, savvy PC buyers and builders will have to research which upcoming parts are going into their builds.

Optimizations yield solid 8th-gen Core performance

It’s important to note two key points about Intel’s new eighth-generation chips. First, that a combination of process technology, design, and optimizations yielded the 40-percent improvement. Second, that performance boost is more than double what Intel promised with the launch of the Kaby Lake chip, which saw increases of between 12 and 19 percent over the Skylake generation.

Here are the details of Intel’s new U-series chips:

intel 8th gen core speeds and feeds focus Intel

Intel would have seen a 25 percent generation-to-generation boost with its 8th-gen, U-series chips simply by increasing the number of cores from two to a total of four, according to Karen Regis, director of mobile platform marketing for Intel. Tightening some of the manufacturing parameters allowed for higher clock speeds, she said.

Though rival AMD hasn’t disclosed its plans for its mobile “Raven Ridge” chips, AMD’s low-power Ryzen 3 chips use four cores and (only) four threads. Applying more cores to multithreaded applications has been one of the ways AMD has touted a performance advantage. 

As it normally does, Intel demonstrated the hypothetical performance of the eighth-gen Core chips in a number of ways. Intel’s new U-series chips will create a 4K video in three minutes on PowerDirector Ultra HD (HEVC), 14.5 times faster than a five-year-old Core i5 Ivy Bridge PC. In Adobe Lightroom, the new chips will be 28 percent faster than 7th-gen Kaby Lake parts, or 2.3 times faster than a 5-year-old PC. Intel’s own content tests show the 8th-gen U-series parts will be 48 percent faster in slideshow creation than its 7th-gen predecessors. (According to information provided by an Intel spokesman, Intel’s new U-series chips use Intel’s Turbo Boost Max Technology 3.0, boosting not one but two cores at the maximum rate.)

In several cases, Intel made its generational comparisons versus the Core i7-7500U, the Kaby Lake chip launched a year ago–apparently carving out the “Kaby Lake refresh” chips as a half- or semi-generational family. PC makers PCWorld has spoken to have begun referring to the family as “Kaby Lake-R.” Theoretically, that would mean that Broadwell, Skylake, Kaby Lake, Kaby Lake-R, and probably Coffee Lake would all be based on 14-nm technology—five separate families of parts manufactured on a single process, versus the once-traditional two. 

intel 8th gen performance improvements Intel

Intel derives the bulk of its 8th-gen improvements from a jump to four cores..

Officially, Intel’s new U-series chips are “based on the Kaby Lake architecture and 14nm+ process technology with additional design improvements and new optimizations,” a spokeswoman said. “We’ve redefined and reimagined what 8th-generation will mean,” Regis added. 

Some platform improvements under the hood

Expect the dramatic performance improvements to be Kaby Lake R’s selling point, Intel executives said. With Kaby Lake, Intel touted the architecture’s new video engine as the main selling point, rather than the modest performance increases within the chip itself. 

Specifically, Kaby Lake could perform hardware-based 4K HEVC encoding/decoding at 10-bit depths, or VP9 decoding. Netflix was the chief proponent of the technology, but now both Amazon and Vudu have signed on, Intel executives said. Amazon will roll out support in the fourth quarter.

According to Intel, ultrabooks using the new chips should see about 10 hours of battery life, or almost 12 hours playing back YouTube, Regis said. 

Another under-the-hood reason to buy a Kaby Lake-R chip is its inclusion of Intel’s Software Guard Extensions, or SGX. According to PowerDVD, the company’s software player was the only way to play UltraHD Blu-rays as of March—and it required SGX technology. “We expect more than 90 percent of 8th-gen systems [from PC makers] will be SGX ready, allowing more 4K premium content from services,” an Intel spokesman said in an email.

Games that were previously restricted by the CPU will also see a bit more freedom, according to Chris Walker, the vice president of Intel’s Client Computing Group and the general manager of the Client Mobility Group. More importantly, the new platforms support Intel’s Optane, which Intel is pitching as a technology to give hard drives SSD-like performance, as well as Thunderbolt.

“With the use of Thunderbolt, you can now expand out with the new graphics docks coming to market,” Walker said. Graphics docks allow external graphics cards to be used in conjunction with ultrabooks and other devices that can’t squeeze them in. More docks will be coming to market, both from PC makers and other partners, he said. The new 8th-generation Core chips will also have enough power for the new mixed-reality solutions being developed by Acer and others, in conjunction with Microsoft.

Intel even showed off a few of the concept PCs the company is building around the new 8th-generation Core chips, but declined to release public details at this time. 

What the future holds for 8th-gen Core

Tweaking an established design and process has paid off in terms of availability. Consumer desktops based on the new 8th-generation Core designs will ship a bit earlier this year than they did with the 7th-generation devices, Walker said. Early next year, Intel will ship 8th-gen parts for commercial clients, both desktop and mobile, then gaming notebooks. Intel plans fanless PCs using the 4.5W Y-series near the beginning of 2018, he added. The company is also talking about “other options purpose-built for different segments,” Walker said, but the company hasn’t disclosed what exactly those will be. “It’s a fairly consistent timeframe and rollout,” Walker said.

intel 8th gen core future IDG

Some key questions about these chips remain unanswered: How much will they cost? How much will built systems cost? What will the performance be? If Coffee Lake is an 8th-generation Core chip, will it use the same motherboards as Kaby Lake? (An Intel spokeswoman declined to comment.)

We’ll also be interested to see whether anyone other than enthusiasts and industry followers care whether Intel mixes processor architectures and manufacturing technologies. One analyst thinks most everyday buyers won’t care.

“Reaction to the branding strategy will be different dependent on the audience,” Patrick Moorhead, principal analyst with Moor Insights, said in an instant message. “To enterprises, gamers and enthusiasts, it won’t matter. Mainstream consumers are oblivious and really don’t pay attention to the [generations], but want to know they have the ‘fresh fish.'” Retailers and distributors will have to pay attention to that aspect, he said.

Additional reporting by Gordon Mah Ung.

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Apple’s Q2 2017 MacBook Sales Increase 17 Percent Over the Previous Quarter

Apple’s notebook shipments totaled an estimated 3.98 million units in the second quarter of the 2017 calendar year, representing a quarter-on-quarter increase of 17.1 percent, according to new data published by market research firm TrendForce.

Apple gained ground on ASUS at fifth place in the second quarter ranking, with a 0.7 percent increase over the previous quarter to leave both companies taking a 10 percent share of the market. TrendForce highlighted Apple’s decision to upgrade its 12-inch MacBook as one of the reasons behind the gains.

Apple trailed closely behind ASUS at fifth place in the second-quarter ranking. The updated 12-inch MacBook helped expand MacBook shipments by 17.1 percent from the first quarter to 3.98 million units. TrendForce also anticipates a double-digit sequential growth for third-quarter MacBook shipments as Apple will focus on the MacBook Pro series during the year’s second half.

Global notebook shipments in the second quarter of 2017 registered a sequential quarterly increase of 5.7 percent and a year-on-year increase of 3.6 percent, totaling 39.96 million units. Sales in the U.S. and the arrival of new product models were said to be the main driving forces behind the second quarter shipments, with strong demand in the entire first half of 2017 exceeding market expectations.

Tapping into back-to-school sales, HP’s market share increased by 8.5 percent, allowing the company to retain first place in the global shipment ranking for the fifth consecutive quarter, while Dell posted the largest sequential increase of 21.3 percent to take third place in the ranking. Lenovo meanwhile shipped just 8.05 million units in the second quarter, representing a year-on-year drop of 2.4 percent, with slowdown in the notebook market in the Asia-Pacific region said to have had an impact on the brand’s performance.

Acer’s aggressive expansion in the Chromebook market did little to fend off rival models in the U.S., causing its notebook shipments to drop by 3.5 percent from the first quarter to 3.22 million units, with Acer remaining in sixth place in the global ranking.

TrendForce noted there are worries in the market that the strong shipment result for this year’s first half reflects demand pulling ahead, so shipments in the second half might be comparatively weak. Despite that, third-quarter notebook shipments are projected to increase by another 3-5 percent versus the previous quarter.

Apple updated its 13-inch and 15-inch Retina MacBook Pro notebooks in June, introducing faster processors and improved GPUs just eight months after the machines were last refreshed. It also introduced a new low-price 13-inch MacBook Pro sans Touch Bar with a 128GB SSD. No other changes were made to the MacBook Pro.

According to KGI Securities analyst Ming-Chi Kuo, Apple is working on a high-end 15-inch MacBook Pro model that will include 32GB RAM, with production on this machine to begin early in the fourth quarter of 2017. Kuo claimed the MacBook Pro will be “the most significantly redesigned product this year” with desktop-class RAM to appeal to high-end users.

Nvidia will surge more than 20 percent from here: Analyst

Nvidia shares surged 6 percent midday Monday, making up Friday’s giant drop — and then some — after Canaccord Genuity told its clients to buy the “pullback.”

The firm reiterated its buy rating on the chipmaker’s shares, predicting Nvidia’s data center sales will improve the next quarter.

The company’s shares fell 5.3 percent on Friday, a day after it reported better-than-expected fiscal second-quarter earnings and guidance Thursday after the close. Some investors were disappointed over its data center segment sales, which came in at $416 million versus the $423 million Wall Street consensus FactSet estimate for the quarter.

“We believe Friday’s pullback will prove the entry point many investors have been looking for,” analyst Matthew Ramsay wrote in a note to clients Sunday. “Nvidia is continuing to execute strongly into several secular growth markets … we believe new trends including deep learning, virtual/augmented reality, and autonomous driving will catalyze new market growth longer term.”

The analyst raised his price target for Nvidia to $190 from $180, representing 22 percent upside from Friday’s close.

Data center segment growth is “poised to rebound,” he wrote. “We believe several large datacenter customers likely delayed purchases while waiting for Volta-based platforms to fully ramp late in the quarter … [We] anticipate a strong sales ramp for Volta based datacenter cards.”

Nvidia launched new data center graphics cards named Volta in May.

As a result, the analyst raised his Nvidia fiscal 2018 earnings per share estimate to $4.09 from $3.61.

Nvidia’s stock is up more than 160 percent in the past 12 months through midday Monday compared with the S&P 500’s 13 percent return. That performance ranks No. 1 in the entire S&P 500, according to FactSet.

Auto Sales Drop 7 Percent in July

New-vehicle sales in the U.S. dropped 7 percent in July compared to the same period last year, marking the seventh consecutive month of declining sales in 2017.

Automakers sold 1.4 million new cars and trucks last month, compared to 1.5 million in July 2016. The latest seasonally adjusted annual rate of 16.7 million vehicles also represents a sharp drop from last year’s record-setting total of 17.6 million.

Among major manufacturers, Hyundai/Kia experienced the largest slump with sales of 110,466 units, down 18 percent from this time last year. GM was next with a drop of 15 percent (226,107 units), followed by Fiat Chrysler at 11 percent (161,477), Ford at 7 percent (199,318), Nissan at 3 percent (128,295), and Honda with a 1 percent decline (150,980).

One bright spot was Toyota, which realized sales of 222,057 unit, a 4 percent increase compared to July 2016. It’s also worth noting that light trucks and SUVs continue to sell well, and manufacturers have curbed fleet sales, which tend to inflate sales numbers.

The best-selling truck in July was the perennial favorite 2017 Ford F-150, which boasted sales of 65,307 units. And the top-selling car was the popular 2017 Honda Civic, with 36,683 units sold.

A major debut took place in July as production kicked off on the 2018 Tesla Model 3. The automaker says 500,000 customers have placed deposits on its most affordable vehicle, with prices starting at $35,000. If all those people do actually buy, that number would exceed the total number of pure EVs ever sold. Tesla does face a number of serious manufacturing challenges, however, before it can ramp up to that level of sales.

Meanwhile, amid the mostly bad news, inventories remain high, and the large stock of vehicles on dealership lots could present opportunities for savvy consumers. Manufacturer incentives are expected to be generous for the remainder of the summer, and dealers will be eager to make room for incoming 2018 models, so bargains should be out there.

Iphone Gross sales Pass 1.2B, Apple Watch Gross sales Up 50 Percent | News & View

Apple conquer Wall Street’s Q3 2017 income forecasts and analyst share price expectations. It appears like the tri-buy of Iphone, Apple Watch, and AirPods made it come about.

Apple iPhone 7 Plus

Apple is obtaining a quite fantastic 2017 so far, with Tim Cook dinner describing why yesterday throughout Apple’s Q3 2017 earnings contact.

In accordance to TechCrunch, Wall Street forecast that Apple’s income would access $44.89 billion and analysts predicted a $1.57 bump for every share. Apple really realized $45.4 billion and $1.67 respectively. The knock on effect of the fantastic news becoming a 5 p.c increase in share price in just after-hrs trading.

Good financial news usually will come with some extraordinary profits figures, and in this regard Apple did not disappoint. 9to5Mac highlighted that Tim Cook dinner confirmed Apple has bought about 1.2 billion iPhones about the very last 10 yrs, with the Iphone 7 becoming the most well known now. That should not surprise much too lots of men and women. However, what will is Apple Watch profits, which are up by 50 p.c yr-on-yr indicating up to 3 million have been bought. It is the range 1 offering smartwatch by a huge margin.

The Apple Watch types section of Apple’s “other products” class, which also incorporates the Apple Tv set, iPods, Beats-branded products, and Apple-branded equipment like the AirPods. This products class as a entire noticed a income increase of 23 p.c to $2.74 billion. Most of that is likely to be from the huge increase in Apple Watch profits and AirPods.

TechCrunch speculates that Apple Watch profits are up so a great deal because it is effective very well with the AirPods and also replaces the want for a independent fitness tracker gadget. It appears as while Apple may be performing a lot of profits from triple-combo profits of the Iphone, Apple Watch, and AirPods to cater for most consumer’s wants day-to-day wants.

Just one final little bit of fantastic news for Apple is the simple fact iPad profits are up 15 p.c. You have to glimpse to the New iPad and the iPad Pro, each of which have impressed. The iPad Pro obtaining the tag of “quickest ever pill” also allows.

Windows Phones Cling To Just 0.1 Percent Global Market Share As Microsoft Ignores Mobile

Lumia 950 XL

Do you remember the last time you saw someone with a Windows Phone handset? For me it was yesterday—I was outside chatting with my neighbor, who was taking pictures with her smartphone. I noticed the Windows logo on the bottom and thought to myself, “Heh, you don’t see those much anymore.” That is not just my observation, either. According to IDC and its latest quarterly tracking data, the Windows Phone platform accounts for just 0.1 percent of all smartphones in existence.

Windows Phone was never really a competitive solution to begin with, at least from a market share perspective. However, this is a new low, and it comes as Microsoft continues to show disinterest in the mobile phone market. Meanwhile, Android is still the top dog with an even 85 percent share of the global smartphone market in the first quarter of 2017, followed by Apple and iOS at 14.7 percent. All other platforms (Tizen, Symbian, and so forth) combined for a measly 0.1 percent, just like Windows Phone.

Smartphone OS Share
Source: IDC

“Windows Phone shipments continue to fall as the lack of new hardware partners, developer support, and overall enthusiasm for the platform show no immediate signs of recovery. IDC expects 2017 volumes to decline 80.9 percent to just 1.1 million units. Microsoft has yet to fully commit to any ‘Surface’-style attack for smartphones or to push new vendors to embrace the platform, leaving little hope of mounting a full scaled comeback in the years to come,” IDC said.

Microsoft will not admit this publicly, but Windows Phone is simply not a priority. The company’s efforts in the hardware space are much more focused on 2-in-1 devices and, more recently, its first ever all-in-one, the Surface AIO. It is also preoccupied with its Xbox One console. But if you care to ask Microsoft about Windows Phone, the company will tell you that it is still committed to supporting the platform for the foreseeable future.

“We’re going to continue to support Windows phone. Windows is a platform that drives the experience on a whole range of devices. We live in a highly diverse world,” Microsoft’s Joe Belfiore remarked at Builtd 2017 two months ago.

Speaking separately in an interview on’s “Make Me Smart” podcast, Microsoft CEO Satya Nadella said that more Windows Phones are in Microsoft’s future, but that whatever it comes up with will be wholly unique to what is available today.

“What we’ve done with Surface is a good example. No-one before us had thought of 2-in-1s, and we created that category, and made it a successful category, to the point where there are more 2-in-1s coming, and that’s what we want to do. So, in a sense, when you say ‘Will we make more phones?’, I’m sure we will make more phones, but they will not look like phones that are there today,” Nadella said.

Smartphone Company Market Share
Source: IDC

As a whole, smartphone shipments grew 3.4 percent year-over-year to 344.3 million units in the first quarter of 2017. Even though it appears to be a slowing market, IDC says consumers continue to show demand for mobile phones, with OEMs hyping up flagship devices more than ever.

The biggest winner in all of this is Samsung—it produces nearly a quarter (23.3 percent) of the world’s smartphones, followed by Apple, which serves 14.7 percent of the market with its iPhone models. Chinese manufacturer Huawei is on the rise wit ha 10 percent share, followed by Oppo (7.5 percent), Vivo (5.5 percent), and all other players (39 percent).

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Netflix beats subscriber targets, shares jump 11 percent

(Reuters) – Netflix Inc crushed Wall Street forecasts by adding 5.2 million new streaming customers in the second quarter and predicted continued momentum as it expands around the world, lifting its stock nearly 11 percent on Monday.

Shares of the company that pioneered streaming television jumped to $179.16 in after-hours trading, beating their all-time intraday high of $166.87 on June 8.

Netflix expects foreign growth to lead to its first full-year profit for overseas markets in 2017, the company said in a letter to shareholders.

At the end of June, Netflix for the first time recorded more subscribers abroad than in the United States – 52.03 million vs. 51.92 million.

The company said a strong slate of content, such as “13 Reasons Why” and the latest season of hit political drama “House of Cards,” helped attract new customers in the second quarter, which is typically its slowest season of the year.

Netflix added 4.14 million non-U.S. subscribers, compared with the average analyst estimate of 2.59 million, according to data from analytics firm FactSet. (

In the United States, it signed up 1.07 million subscribers, beating analysts’ average estimate of 631,000.

Netflix is expecting international subscriber additions of 3.65 million for the current quarter, compared with analysts’ average estimate of 3.2 million.

The guidance assumes much of this momentum will continue, the letter said, though it added that Netflix’s forecasts had been too optimistic at times.

Netflix is spending $6 billion a year on content to win new subscribers in a quest to become the dominant movie and TV streaming service around the world even as it faces a slowdown in U.S. customer growth. It is customizing content for different countries and adding shows in various languages.

The Los Gatos, California-based company said it expected to report negative free cash flow “for many years” as it invests in content to add new subscribers.

Netflix said revenue rose 32.3 percent to $2.79 billion in the quarter.

The company’s net income rose to $65.6 million, or 15 cents per share, in the latest quarter from $40.8 million, or 9 cents per share, a year earlier.

Reporting by Aishwarya Venugopal in Bengaluru; Editing by Anil D’Silva and Richard Chang

Elon Musk’s SpaceX is Leading the Launch Race With 45 Percent of Market Cap

In Brief

Elon Musk posted a graph on Twitter that compares SpaceX’s successes in the cosmic sphere with other organizations. The data indicates that SpaceX’s reusable rocket policy seems to be working, and showcases just how successful the last few years have been for the company.

SpaceX by the Numbers

On Thursday, Elon Musk posted a graph on Twitter that compares the percentage of launches different parties invested in space have achieved worldwide. Musk’s company, SpaceX, is the leading horse in the race. He attributes SpaceX’s exponential rise successful launches to their innovative tactic of reusing rockets, stating:

We can derive two main pieces of information from the graph: at this time, SpaceX has supplanted every other private and governmental space agency in the U.S. —  an impressive feat considering the venture is entirely privately funded. Other major companies, like Boeing and Lockheed Martin, get billions of dollars in grants each year — despite a profound lack of launches, as Musk pointed out.

The graph also indicates that the last few years have been stellar for SpaceX:  their market cap of launches rose from around 5 percent in 2013 to 45 percent in 2017 — an 800 percent increase over four years. And 2017 may prove to be their highest performing year yet, as the company beat its own record for most rockets launched, propelling nine into space thus far (compared to the six they launched in 2016). They also achieved a historic first when they successfully recycled a spacecraft.

A Space Revolution

Elon Musk’s achievements with SpaceX have shifted the paradigm of space travel. His work continues to demonstrate the illogical nature of only using rockets once, and provides a shining example of what can happen when a private company exceeds governmental space agencies. By doing so, he has taken the most significant steps of any company in history towards democratizing space, thereby making it more accessible to all of us.

With such a track record, there’s a fair amount of confidence moving forward in terms of the viability of his upcoming plans concerning space. Over the next few years — in addition to launching rockets with an ever increasing frequency — Musk plans to launch 4,000 satellites to provide the world with unilateral internet coverage, and continue work on his mission to terraform Mars (new and improved plans for which are reportedly coming soon).

Musk’s reach extends beyond space related ventures, though. Recently he announced via Twitter that he plans to build a lithium battery farm to solve South Australia’s energy problems — a project he vowed to complete in 100 days or it’s free of charge.