This week: Apple’s iPhone 7 anticipated success, Line’s record-breaking IPO, and the EU’s replacement of Safe Harbor with Privacy Shield.
Sales of iPhone 7 Expected to Top 2015
A survey of iPhone users showed that sales of the iPhone 7 when it is released later this year could be nearly 10% higher than sales for the iPhone 6 were in Q4 2015. Moreover, iPhone users who don’t upgrade this year are likely to upgrade to the new version in 2017, creating a big increase in demand next year. Also, the global smartphone market is expected to slow over the next few years due to mature markets in the United States, Europe, and China.
Read more about the demand for iPhone 7 in 2016 at Business Insider.
Pokémon Go Goes Viral
Since its release on July 6, Pokémon Go has become an instant success, with nearly 21 million daily active users at its peak. Last week, use of Pokémon Go by Android owners exceeded use of popular mobile services Netflix, Twitter, and Pandora but still fell short of Facebook Messenger and Instagram. While use is up, Pokémon Go still lags popular apps such as Spotify and Twitter in the number of downloads.
Read more about Pokémon Go’s popularity at Fortune magazine.
Line Goes Public in the Largest Tech IPO This Year
Line’s IPO last week marks the largest IPO of a technology company this year. However, with more than 200 million users who use the service for everything from messaging to music streaming to mobile payments monthly, the company is having trouble getting subscribers outside of those countries Thailand, Indonesia, and Japan, while competitors WhatsApp and WeChat are growing their global presence. Still, Line is expected to generate more than $1 billion from investors.
Read more about Line’s IPO and predicted growth at CNN Money.
Amazon’s Prime Day a Hit
Shoppers lined up again for Amazon’s big sales day last week. In its second year, Amazon’s Prime Day beat all previous Black Friday and Cyber Monday records for Amazon’s single day sales. The sale was limited to Amazon Prime members and offered deep discounts on Amazon products and products offered by participating third parties.
Read more about Amazon’s Prime Day breaking single day sales records at CNET.
Privacy Shield Replaces Safe Harbor
A new agreement between the US Commerce Department and the European Commission allows US technology companies to transfer data from Europe to their servers in the US. The agreement, known as the EU-US Privacy Shield Framework, replaces the EU’s policy known as the Safe Harbor Decision, which has been in place since 2000. Privacy Shield lets US companies “self-certify” that they follow privacy guidelines laid out in the framework. The agreement is being criticized by privacy advocates who say the protections are not enough.
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