Connect with us

Published

on

In this article

Apple CEO Tim Cook
Source: Apple Inc.

It may have a new number in the name, but Apple’s new iPhone 13 looks more like one of the company’s “S” models than anything else.

Apple has released iPhone models on a tick-tock cycle for most of the product’s existence. The “tick” years typically offer new designs and fresh features, and the “tock” years keep things mostly the same, but with improvements to things like speed and battery life. (Those are the “S” models.)

But the iPhone 13 was revealed on Tuesday, instead of an iPhone 12S, with just incremental upgrades over last year’s model. That explains why Apple spent so much of the presentation talking about features like battery life and improvements to the camera. There wasn’t much else new over last year’s model to brag about.

You’ll see a lot of commentary flying around this week about how the iPhone 13 is boring, lackluster or just a minor upgrade over last year’s model. There’s a lot of truth to that. But it also ignores the reality of where we are in smartphone technology.

Everyone from Apple to Samsung to Motorola has come to the point where it takes more than just a year to develop a key, breakthrough feature. And that’s OK for the vast majority of their customers. Smartphones have gotten so good that people can keep them for three years or more without feeling behind. So even if a new model feels like a minor upgrade from the year before, that upgrade is a lot more significant to someone using a model that’s three or four years old.

A lot of the data appears to back that up. Analysts at Wedbush predicted Tuesday that Apple is still in the middle of its “super cycle” of iPhone sales that kicked off last year with the iPhone 12, which introduced new features like a fresh design and 5G cellular data connections.

“Apple remains in the midst of its strongest overall product cycle in roughly a decade,” Wedbush analyst Dan Ives wrote in a note to investors Tuesday. He added that there are an estimated 250 million iPhone owners with models over three years old.

That’s a massive pool of potential customers ready for an upgrade.

The lesson: If you’re going to evaluate a new iPhone and what it means for sales, it’s important to zoom in and look at the last few years instead of comparing it to the previous year’s model. That’s what the customers who are actually going to buy these things will be doing.

Continue Reading

Technology

NASA Marshall Space Flight Center director Joseph Pelfrey resigns

Published

on

By

NASA Marshall Space Flight Center director Joseph Pelfrey resigns

A crane towers above the mobile launcher 2 adjacent the Vehicle Assembly Building at Kennedy Space Center on Tuesday, July 22, 2025.

Richard Tribou | Tribune News Service | Getty Images

The director of NASA’s Marshall Space Flight Center, Joseph Pelfrey, announced his resignation from the role on Thursday, CNBC confirmed.

Pelfrey said in an email to employees at the space agency that as NASA focuses on its mission to return humans to the moon, it will be “important for agency leadership to move forward with a team they choose to execute the tasks at hand.”

The email also said Pelfrey would work with NASA leaders to “pursue new ways” to “serve our space program and our great nation.” Pelfrey wasn’t immediately available to comment.

NASA confirmed Pelfrey’s resignation and said in an email to CNBC that the agency is proceeding “with a public, open competition to find the next permanent director at one of the agency’s most important centers for human spaceflight.”

At Marshall Space Flight Center, in Huntsville, Alabama, Pelfrey oversaw “7,000 onsite and near-site civil service and contractor employees,” and “an annual budget of approximately $5 billion,” according to a NASA web page describing his responsibilities. The space center now employs over 6,000 people, according to the center’s official government website.

Pelfrey had planned an all-hands conference with Marshall employees this week that was canceled, said agency staffers, who asked not to be named to discuss sensitive matters. They said Pelfrey’s resignation came as a surprise.

The White House’s 2026 budget request, which has not yet been enacted into law, includes funding for the space agency. However, NASA’s resources have declined amid Trump administration budget cuts.

About 4,000 NASA employees left through a deferred resignation program offered by the agency, and others were let go through cuts initiated by the Department of Government Efficiency (DOGE), an effort that was led by Elon Musk during his days with the Trump administration.

The administration also defunded and compelled the closure of the NASA Goddard Institute for Space Studies, which was housed in a building owned by Columbia University in New York.

WATCH: Why the U.S. and SpaceX need each other

Why the U.S. and SpaceX need each other

Continue Reading

Technology

Tesla’s continuing sales slump in Europe weighs on stock price

Published

on

By

Tesla's continuing sales slump in Europe weighs on stock price

Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference at the Porte de Versailles exhibition center in Paris on June 16, 2023.

Gonzalo Fuentes | Reuters

Tesla shares fell more than 4% on Thursday after data out of Europe showed a continuing sales slump for the automaker, despite strong demand for fully electric vehicles in the region. 

Tesla EV registrations in Europe, a proxy for sales, fell by about 23% year-over-year in August, according to data from the European Automobile Manufacturers’ Association (ACEA) on Thursday.

There were 14,831 Tesla EV registrations in Europe last month, down from 19,136 in August 2024. In the first eight months of this year, Tesla EV registrations in Europe declined 32.6%, the ACEA said.

Meanwhile, total EV registrations throughout the region rose by around 26% through August compared to the same period in 2024. By contrast, registrations for petrol and diesel-powered vehicles declined by more than 20% over that stretch.

Still, RBC analysts wrote in a note on Thursday that they expect Tesla’s total deliveries for the third quarter could amount to 456,000, above a FactSet-compiled consensus of 448,000 deliveries and a Visible Alpha consensus of 440,000 deliveries.

The analysts expect a bump for Tesla as consumers rush to buy EVs in the U.S. before a $7,500 federal tax credit expires at the end of September.

Even with Thursday’s slide, Tesla’s stock has bounced back following a brutal start to the year. It’s now up 5% in 2025 after plunging 36% in the first quarter.

Musk’s political activism in the U.S. and beyond has hurt the Tesla brand and dampened its appeal to many prospective EV buyers.

Earlier this year, Musk endorsed Germany’s far-right AfD party, and this month he appeared by video at an anti-immigrant rally in the U.K. that turned violent. The rally was led by activist Tommy Robinson, a convicted fraudster with a violent criminal record.

British Prime Minister Keir Starmer rebuked Musk for “dangerous” comments that he made at the rally, where 26 police officers were injured. Musk told attendees, “violence is coming to you” and “you either fight back or you die.”

To revitalize interest in the brand, Tesla has said an affordable new model is in the works, which could help it fend off increased competition from the likes of Volkswagen, BYD and other EV makers that have been picking up market share.

WATCH: CFRA downgrades Tesla

CFRA downgrades Tesla to sell. The analyst Garrett Nelson behind the call breaks it down

Continue Reading

Technology

Judge in Anthropic copyright case preliminarily approves $1.5 billion settlement with authors

Published

on

By

Judge in Anthropic copyright case preliminarily approves .5 billion settlement with authors

Dario Amodei, co-founder and chief executive officer of Anthropic, at the World Economic Forum in 2025.

Stefan Wermuth | Bloomberg | Getty Images

A federal judge on Thursday preliminarily approved Anthropic’s offer to pay $1.5 billion to settle a class action lawsuit with a group of authors, in what will be the largest publicly reported copyright recovery in history.

The lawsuit, filed in the U.S. District Court for the Northern District of California, was brought last year by authors Andrea Bartz, Charles Graeber and Kirk Wallace Johnson. It alleged that Anthropic illegally downloaded books from pirated databases like Library Genesis and Pirate Library Mirror.

“We are grateful for the Court’s action today, which brings us one step closer to real accountability for Anthropic and puts all AI companies on notice they can’t shortcut the law or override creators’ rights,” the authors said in a joint statement Thursday.

Anthropic didn’t immediately respond to CNBC’s request for comment.

The startup was founded by former OpenAI research executives, including Anthropic CEO Dario Amodei, in 2021. Anthropic, which is valued at $183 billion, is best known for its AI assistant Claude.

AI startups and media companies have been closely following this lawsuit against Anthropic as they work to outline what copyright infringement means in the AI era. 

Anthropic initially proposed the $1.5 billion settlement earlier this month. The company said it would pay roughly $3,000 per book plus interest, and it agreed to destroy the datasets containing the allegedly pirated material.

U.S. District Judge William Alsup initially expressed some reservations about Anthropic’s offer, including concerns over how to ensure authors would be properly informed. Alsup ultimately approved the settlement after “several weeks of rigorous assessment and review,” according to a release.

Alsup will consider final approval of the settlement once the notice and claims processes are complete, the release said.

Aparna Sridhar, Anthropic’s deputy general counsel, said in a statement that the company is pleased with the determination, and that the settlement “simply resolves narrow claims about how certain materials were obtained.”

“The decision will allow us to focus on developing safe AI systems that help people and organizations extend their capabilities, advance scientific discovery, and solve complex problems,” Sridhar said.

WATCH: Anthropic agrees to pay $1.5 billion to settle author’s class action lawsuit over AI training

Anthropic agrees to pay $1.5 billion to settle author's class action lawsuit over AI training

Continue Reading

Trending