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Amazon Fire TV Omni Series
Amazon

Amazon’s first TV sets, which you can talk to and control without a remote, go on sale this week. I’ve been testing the $830 Amazon Fire TV Omni Series for a few days. It’s a good TV for the money, and Alexa can be useful, but the software interface doesn’t look as sharp as it should on a 4K TV.  

Amazon has traditionally sold Fire TV Sticks and Fire TV Cubes that plug into existing sets, or partnered with other device makers who integrate its Fire TV software. Usually, there are buttons on the remotes that let you use Alexa to control the TV. With the Omni Series, however, Amazon brings its Alexa assistant right into the TV.

Amazon’s Jason Parrish, who led the product management of the Omni series TVs, told me the goal of the TV is to make living rooms smarter through what he calls ambient computing, with Alexa at the center of how we watch TV, listen to music and interact with our smart homes. The higher-end Omni Series has generated about two-thirds of all of Amazon’s pre-orders for TVs, Parrish said, showing it’s more popular than the more affordable 4-Series so far and that, seemingly, Amazon fans like the idea of talking to their televisions.

Amazon makes most of its money from its AWS cloud business and is better known as an online retailer. But its hardware, which ranges from tablets to e-readers and smart speakers, helps bring people right to its storefront and its ecosystem of ads and services.

I tested the 65-inch Amazon Fire TV Omni Series television, but there’s also a lower-end cheaper TV known as the 4 Series, which starts at $370.

What’s good

Amazon Fire TV Omni Series
Amazon

The Omni Series has a high-end physical design with an edge-to-edge 4K screen that’s sharp and, with the right adjustments, colorful. I like the slim metal bezel on the bottom, and the fact that I can just ask it to do what I want.

A remote is included, but even without touching it I could ask Alexa to play TV shows or movies, to tell me the weather (which pops up in a small bar at the bottom of the screen) or to tune to a specific channel on YouTube TV. It works even if I’m standing across the room. 

Amazon Fire TV Omni Series
Todd Haselton | CNBC

This is different from Amazon’s Fire TV Cube, which also had Alexa but required the TV screen to be switched on before it could respond.

Parrish said Amazon found when customers walk into the room and say “‘turn on the lights,’ they don’t want their TV to turn on and just stay on.”

“Or if you say ‘what time is it?’ you don’t need a 65-inch screen to tell you that. So that was the type of thing that we wanted to rethink,” he added. Parrish explained customers interact and engage with content more when they use voice instead of a remote.

Amazon Fire TV Omni Series
Todd Haselton | CNBC

There are four microphones along the top of the TV that are always listening for “Hey Alexa.” Parrish said the microphones are as far away from the speakers as possible so that they can still hear you if you’re playing music or watching TV.

“The goal there is to be able to make a request while you’re watching TV and not just kind of halt everything that you’re doing. You should be able to do it while you have that show going on and we also want to make sure that we’re not impacting your TV watching when it comes to responses,” Parrish said.

I liked that I could say “Alexa, pause” instead of trying to find the remote when I wanted to get up off the couch. It’s also useful to give commands like “Alexa, mute” or “Alexa, turn up the volume,” and I started to get used to not using the remote as often.

As with Amazon’s Echos, there’s an easy toggle to switch off the microphones. It’s right under the TV screen.

The microphone switch on the bottom.
Todd Haselton | CNBC

Alexa can do all sorts of other things, too, like switch inputs to your Xbox or cable box (which it can also control with an included cable), help you shop for things (“Alexa, shop for soap,”) or show you the current stock price of a company even while a show is playing. It’s useful. There’s a smart home dashboard, too, so you can see all of your cameras and lights.

Alexa will pop up some responses at the bottom of the screen, which is useful.
Todd Haselton | CNBC

The Omni TV, unlike the 4-Series, supports webcams through a USB port in case you want to video chat with other folks who own the same TV or who have other products with Alexa installed, like phones, Amazon tablets or Amazon’s Echo Show smart screens. It worked with a Logitech webcam Amazon sent me to test. Likewise, you can check in on cameras around your home by giving commands like “show the nursery camera,” for example. And a small video feed will pop up over the show you’re watching if someone rings the doorbell.

Amazon Fire TV Omni Series
Todd Haselton | CNBC

Movies and TV shows looked really good on the LED display, considering the TV’s sub-$1,000 price. The 65-inch model I tested and the larger 75-inch version support the clearest standards, like Dolby Vision, HDR 10, HLG, and Dolby Digital Plus, for good balance in bright scenes and better color and contrast than cheaper sets. I liked the image best after I turned up the color saturation a little bit from the presets. Also, the blacks aren’t as pure black and inky as you might find on much more expensive TVs with nicer miniLED or OLED screens.

Amazon Fire TV Omni Series
Todd Haselton | CNBC

The built-in speakers are better than most TV speakers and get nice and loud, but I still prefer a soundbar for deeper bass and richer sound.

What’s bad

Amazon Fire TV Omni Series
Todd Haselton | CNBC

Alexa understood most of my commands just fine, especially general ones that you’d typically give to an Echo.

However, there are some things that it just doesn’t support on a TV, and I had to learn those limitations by trial and error. For instance, you can adjust the TV color modes, like presets for movies or sports, but you cannot adjust the brightness with Alexa. 

Likewise, it works well if you say “Alexa, play the movie ‘Hackers,'” but didn’t correctly understand “Alexa, play the latest episode of ‘Succession'” — instead, it began playing the very first episode of the show. Amazon explained those inconsistent results can come down to how some apps — in this case, HBO Max — catalog their shows.

Parrish explained how Alexa tries to understand the user’s intent when a voice request is made. Amazon optimized the TV to understand that you probably want to view something instead of listening to it.

“‘Hamilton’ is obviously now on Disney as a movie, but it’s a very popular soundtrack as well,” Parrish said. “So a Fire TV, when you ask to play ‘Hamilton,’ it will get you to Disney Plus. It will bias towards video. Whereas on an Echo it will send you to Prime Music or Spotify or whatever your preferred music player is.”

Alexa is good, but it’s still learning.

I’m not a fan of the ads, like the “Jet-Puffed” food ad on the main screen, or the 1080p UI.
Todd Haselton | CNBC

My biggest gripe with the Omni Series TV is that the home screen and user interface still render in 1080p, a quarter of the 4K resolution. This isn’t a big deal if you sit about nine feet away from the TV, but I sit closer. The icons were blurry when I sat about four to five feet from the screen. You may never notice this unless you walk up close, but I look at nice screens for a living and it bothered me.

Amazon said the software is kept at a lower resolution to make sure the user interface is smooth and optimized. In fact, the TV felt sluggish and temporarily froze when I was moving through menus at first. Amazon advised me to do a factory reset and that fixed my problems. Still, it’s concerning that the experience wasn’t perfect out of the box.

You can avoid the lower resolution user interface by ignoring the Fire TV home screen altogether and using something else, like an Xbox Series X, a PlayStation 5 or an Apple TV through one of the HDMI inputs. An Apple TV 4K user interface looks nice and crisp as expected. But that sort of defeats the main purpose of buying an Amazon TV. 

Then, there were the ads. I don’t mind sponsored ads on Fire TVs and other cheap gadgets that plug into TVs, like the Google Chromecast and Roku devices. But I don’t like when an $820 TV displays ads for sponsored TV shows and movies, and subscription apps and channels I might want to buy. There was even a big ad on the home screen for an Amazon TV Fire stick — something you wouldn’t need if you bought this TV. Most TVs with a smart interface do this, too, and it’s how Amazon makes money, but it’s not a great experience.

“Having content promoted in our UI is kind of core to our experience,” Parrish told me. “We’ll probably have a lot of customers that are familiar with Fire TV and we’ll probably have some that aren’t. We look forward to hearing what they have to say.”

Should you buy it?

Amazon Fire TV Omni Series
Amazon

The Amazon Fire TV Omni Series is a nice TV set for $830. TV shows and movies look great once you adjust the picture to your liking. It’s easy to do in settings.

Alexa is convenient to have and it grows on you once you get used to doing some things by voice and others with the remote. It’s fun to just walk into a room and say “Alexa, tune to CNBC” without knowing where the remote is.

You’ll get the most out of Alexa on the Omni Series if you have lots of Amazon Echos and a smart home that’s tied in with Amazon’s ecosystem. It works well once you get the hang of what it can and can’t do.

I’m just bummed about the lower resolution home screen UI, even though movies and TV shows look good in 4K. I understand most folks may still end up watching full HD content anyway, since so much live TV isn’t even 4K, but the software should still look sharp even up close.

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Indonesia wants Apple to sweeten its $100 million proposal as tech giant lobbies for iPhone 16 sales

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Indonesia wants Apple to sweeten its 0 million proposal as tech giant lobbies for iPhone 16 sales

An iPhone 16 signage is seen on the window at the Fifth Avenue Apple Store on new products launch day on September 20, 2024 in New York City. 

Michael M. Santiago | Getty Images News | Getty Images

The Indonesian government expects Apple to increase its proposed $100 million investment into the country, according to state media, as the iPhone maker seeks clearance from Jakarta to sell its latest phones.

The American tech giant’s latest smartphone model doesn’t meet Indonesia’s 40% domestic content requirements for smartphones and tablets and hasn’t been granted clearance to be sold in the country. 

The purpose of the ban is to protect local industry and jobs, with officials asking Apple to increase its investments and commitments to the economy in order to gain greater access. 

According to a report from Indonesian state media, the country’s Ministry of Industry met with representatives from Apple on Thursday regarding its proposal to invest $100 million over two years. 

The funds would go toward a research and development center program and professional development academy in the country, as per the report.

The company also plans to produce accessory product components, specifically mesh for Apple’s AirPods Max, starting in July 2025, it added.

Apple didn’t immediately respond to a request for comment from CNBC.

While the new offer is 10 times larger than a proposal that was reported earlier, the government is still striving to sweeten the deal to get a “fair” commitment.

“From the government’s perspective, of course, we want this investment to be larger,” industry ministry spokesperson Febri Hendri Antoni Arif told state media on Thursday.

He said that a larger investment would help the development of Indonesia’s manufacturing sector, adding that its domestic industry was capable of supporting production of Apple devices such as chargers and accessories.

While Indonesia represents a small market for Apple, it also offers growth opportunities as it has the world’s fourth-largest population, according to Le Xuan Chiew, a Canalys analyst focusing on Apple strategy research.

“Its young, tech-savvy population with growing digital literacy aligns with Apple’s strategy to expand [global sales],” he said, noting that it also offers potential for manufacturing and assembly that supports Apple’s efforts to diversify its supply chain. 

Success in this market requires a long-term approach, and Apple’s investment offer demonstrates a commitment to complying with local regulations and paving the way for future growth, he added.

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Intuit shares drop as quarterly forecast misses estimates due to delayed revenue

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Intuit shares drop as quarterly forecast misses estimates due to delayed revenue

Intuit CEO Sasan Goodarzi speaks at the opening night of the Intuit Dome in Los Angeles on Aug. 15, 2024.

Rodin Eckenroth | Filmmagic | Getty Images

Intuit shares fell 6% in extended trading Thursday after the finance software maker issued a revenue forecast for the current quarter that trailed analysts’ estimates due to some sales being delayed.

Here’s how the company performed in comparison with LSEG consensus:

  • Earnings per share: $2.50 adjusted vs. $2.35 expected
  • Revenue: $3.28 billion vs. $3.14 billion

Revenue increased 10% year over year in the quarter, which ended Oct. 31, according to a statement. Net income fell to $197 million, or 70 cents per share, from $241 million, or 85 cents per share, a year ago.

While results for the fiscal first quarter topped estimates, second-quarter guidance was light. Intuit said it anticipates a single-digit decline in revenue from the consumer segment because of promotional changes for the TurboTax desktop software in retail environments. While that will affect revenue timing, it won’t have any impact on the full 2025 fiscal year.

Intuit called for second-quarter earnings of $2.55 to $2.61 per share, with $3.81 billion to $3.85 billion in revenue. The consensus from LSEG was $3.20 per share and $3.87 billion in revenue.

For the full year, Intuit expects $19.16 to $19.36 in adjusted earnings per share on $18.16 billion to $18.35 billion in revenue. That implies revenue growth of between 12% and 13%. Analysts polled by LSEG were looking for $19.33 in adjusted earnings per share and $18.26 billion in revenue.

Revenue from Intuit’s global business solutions group came in at $2.5 billion in the first quarter. The figure was up 9% and in line with estimates, according to StreetAccount. Formerly known as the small business and self-employed segment, the group includes Mailchimp, QuickBooks, small business financing and merchant payment processing.

“We are seeing good progress serving mid-market customers in MailChimp, but are seeing higher churn from smaller customers,” Sandeep Aujla, Intuit’s finance chief, said on a conference call with analysts. “We are addressing this by making product enhancements and driving feature discoverability and adoption to improve first-time use and customer retention.”

Better outcomes are a few quarters away, Aujla said.

CreditKarma revenue came in at $524 million, above StreetAccount’s $430 million consensus.

At Thursday’s close, Intuit shares were up about 9% so far in 2024, while the S&P 500 has gained almost 25% in the same period.

On Tuesday Intuit shares slipped 5% after The Washington Post said President-elect Donald Trump’s proposed “Department of Government Efficiency” had discussed developing a mobile app for federal income tax filing. But a mobile app for submitting returns from Intuit is “already available to all Americans,” CEO Sasan Goodarzi told CNBC’s Jon Fortt.

Goodarzi said on CNBC that he’s personally communicating with leaders of the incoming presidential administration.

On the earnings call, Goodarzi sounded optimistic about the economy.

“Our belief, which is not baked into our guidance, is that we will see an improved environment as we look ahead in 2025, particularly just with some of the things that I mentioned earlier around just interest rates, jobs, the regulatory environment,” he said. “These things have a real burden on businesses. And we believe that a better future is to come.”

WATCH: H&R Block, Intuit shares fall after report Trump administration is considering a free tax-filing app

H&R Block, Intuit shares fall after report Trump admin considering a free tax-filing app

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Bluesky CEO Jay Graber says X rival is ‘billionaire proof’

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Bluesky CEO Jay Graber says X rival is 'billionaire proof'

Bluesky has surged in popularity since the presidential election earlier this month, suddenly becoming a competitor to Elon Musk’s X and Meta’s Threads. But CEO Jay Graber has some cautionary words for potential acquirers: Bluesky is “billionaire proof.”

In an interview on Thursday with CNBC’s “Money Movers,” Graber said Bluesky’s open design is intended to give users the option of leaving the service with all of their followers, which could thwart potential acquisition efforts.

“The billionaire proof is in the way everything is designed, and so if someone bought or if the Bluesky company went down, everything is open source,” Graber said. “What happened to Twitter couldn’t happen to us in the same ways, because you would always have the option to immediately move without having to start over.”

Graber was referring to the way millions of users left Twitter, now X, after Musk purchased the company in 2022. Bluesky now has over 21 million users, still dwarfed by X and Threads, which Facebook’s parent debuted in July 2023.

X and Meta didn’t immediately respond to requests for comment.

Threads has roughly 275 million monthly users, Meta CEO Mark Zuckerberg said in October. Although Musk said in May that X has 600 million monthly users, market intelligence firm Sensor Tower estimates 318 million monthly users as of October.

Bluesky was created in 2019 as an internal Twitter project during Jack Dorsey’s second stint as CEO, and became an independent public benefit corporation in 2022. In May of this year, Dorsey said he is no longer a member of Bluesky’s board.

“In 2019, Jack had a vision for something better for social media, and so that’s why he chose me to build this, and we’re really thankful for him for setting this up, and we’ve continued to carry this out,” said Graber, who previously founded Happening, a social network focused on events. “We’re building an open-source social network that anyone can take into their own hands and build on, and it’s something that is radically different from anything that’s been done in social media before. Nobody’s been this open, this transparent and put this much control in the users hands.”

Part of Bluesky’s business plan involves offering subscriptions that would let users access special features, Graber noted. She also said that Bluesky will add more services for third-party coders as part of the startup’s “developer ecosystem.”

Graber said Bluesky has ruled out the possibility of letting advertisers send algorithmically recommended ads to users.

“There’s a lot on the road map, and I’ll tell you what we’re not going to do for monetization,” Graber said. “We’re not going to build an algorithm that just shoves ads at you, locking users in. That’s not our model.”

Bluesky has previously experienced major growth spurts. In September, it added 2 million users following X’s suspension in Brazil over content moderation policy violations in the country and related legal matters.

In October, Bluesky announced that it raised $15 million in a funding round led by Blockchain Capital. The company has raised a total of $36 million, according to Pitchbook.

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