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Apple will “comply” with European Union regulation that requires electronic devices to be equipped with USB-C charging, said Greg Joswiak, Apple’s senior vice president of worldwide marketing. That will mean Apple’s iPhones, which currently use its proprietary Lightning charging standard, will need to change to support USB-C.

Jakub Porzyck | Nurphoto | Getty Images

The next iPhones, expected in September as usual, could have a feature that no iPhone has ever had: a generic charging port.

The new iPhone models could include a USB Type-C charger port on the phone’s bottom, according to analysts and media reports. That’s the same charging port that’s used on nearly every laptop sold in the past few years, as well as Android phones, iPads, and other gadgets from Kindles to headphones to drones and heated blankets.

The USB-C connector would replace Apple’s proprietary port, the Lightning port, which has graced the bottom of every iPhone model released since 2012.

The shift would be one of the biggest improvements to the iPhone in years for consumers.

IPhone users would no longer need to bring two different cables for their phone and other gadgets while traveling. Android users could borrow chargers from people who own iPhones. You could borrow chargers from anyone using a newer laptop. Schools and businesses could standardize on one type of charger for their entire fleet of devices. USB-C could even allow iPhones to access faster charging speeds.

While Apple hasn’t confirmed that its new iPhones will feature a USB-C charging port, and didn’t respond to a request for comment, the change is bound to happen.

A new regulation passed by the European Union last year requires USB-C ports on new smartphones by 2024. Apple is unlikely to produce an iPhone model solely for the European market. “Obviously, we’ll have to comply,” Greg Joswiak, Apple’s chief marketer, said last year.

Consumer benefits, like the reduced “lock-in” to a single manufacturer, helped form the reasoning behind the new regulations. The EU estimates the rule could save Europeans 250 million euros per year on chargers. The EU also said old chargers account for about 11,000 tons of e-waste per year in the region.

Apple opposed the law. In a 2021 letter, Apple said that the regulation would hamper future charging innovation, could require it to take devices off the market early, and could confuse consumers with additional information.

“We are concerned that regulation mandating just one type of connector for all devices on the market will harm European consumers by slowing down the introduction of beneficial innovations in charging standards, including those related to safety and energy efficiency,” Apple said in the letter.

USB type-c hub connected to laptop with lot of cables connected for peripheral computer device equipment

Pavel Balanenko | Getty Images

Whenever Apple changes the ports on its devices, skeptics believe it’s just an effort to make more money on its premium-priced cables. Apple’s most capable USB-C cable retails for $39.

For example, when Apple added USB-C chargers to MacBook laptops starting in 2015, it drew jokes about the dongles required to plug older accessories into the new laptops.

When Apple removed the iPhone headphone jack in 2016, it spurred months of commentary, both for and against the “courageous” change, whether Apple was pushing people to its more expensive wireless AirPods, and still inspires takes today about whether it was the right decision (most Android phones have followed suit.)

But while Apple makes money from its cables, and has a program where accessory makers pay for access and official Apple parts called “MFi,” Apple’s strategic focus is making sure that its products work together without major flaws so its users continue to buy new iPhones. It’s not nickel and diming dongles and accessories.

Cable sales are reported in Apple’s Wearables, Home, and Accessories product line, which reported $41 billion in revenue in 2022, although Apple Watches and headphones make up the majority of the sales. That’s much smaller than the $205 billion in iPhone sales Apple reported during the year.

Possible downsides

Apple’s argument that a new charger will cause confusion holds more water. With the Lightning port, companies that wanted to make officially approved accessories have to apply for Apple’s program, and pay for access to specifications and official Apple parts. For consumers, this meant that while there were a few knockoff Lightning devices to avoid, at most stores, the dock or clock or cable users purchased would just work.

USB-C is a different beast. It’s a “standard,” which means the exact specifications are published by a group of companies and individuals working together. Anyone can use those specifications to build cables, and you don’t need to enroll in an Apple-administered program.

This also means that many iPhone users will learn that not all cables with a USB-C connector are created equal. Some cables can transfer data quickly, and some can’t. Back when the standard was first introduced, some cables could even cause damage to devices because they were misconfigured (though this hasn’t been as common in recent years.) Some cables even support “Thunderbolt,” a modern data transfer standard for powerful accessories like monitors or docks, although at a higher price. There are websites that test and approve cables that are “compliant” with the standard USB-C standard.

Apple will likely let users know if their cable is appropriate to charge their phone through software warnings, what it carries at its retail operation, and through its MFi program.

But it’s clear that the charger port switch raises possibilities for frustrating situations that didn’t exist when Apple stuck with its proprietary charger. Apple’s current troubleshooting document for USB-C charging issues on Mac tells users to test with Apple’s official cables and power adapters.

The world won’t change overnight when Apple’s iPhones have USB-C ports. Apple still develops some of its own proprietary charging standards, such as MagSafe, which uses magnets to affix a charging puck to the back of an iPhone. Its Apple Watch uses a unique magnetic charger as well. Even after using USB-C as the only charging port on its MacBook laptops for years, Apple recently introduced a proprietary magnetic charger on recent models.

Eventually, Apple watchers predict, the company is likely to try to remove ports entirely from the iPhone, but until then, Apple aficionados with multiple products will still need to carry several different charging cables.

Still, the USB-C port is still a step in the right direction for iPhone users, even if Apple is grumbling along the way. Apple preferred an approach that would standardize charging bricks, but allowed cables to be specific for a type of device.

“What that allows you to do is have over a billion people — it’s not a small number of people have that connector on the left [pointing to the Lightning cable] — to be able to use what they have already, and not have to be disrupted,” Apple’s senior vice president of worldwide marketing Greg Jozwiak said last year.

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Chegg sues Google for hurting traffic with AI as it considers strategic alternatives

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Chegg sues Google for hurting traffic with AI as it considers strategic alternatives

Chegg seen at the New York Stock Exchange on Feb. 13, 2025. 

Danielle DeVries | CNBC

Chegg on Monday filed suit in federal district court against Google, claiming that artificial intelligence summaries of search results have hurt the online education company’s traffic and revenue.

The legal move come nearly two years after former CEO Dan Rosensweig said students engaging with OpenAI’s ChatGPT assistant were cutting into Chegg’s new customer growth.

Chegg is worth less than $200 million, and in after-hours trading Monday, the stock was trading just above $1 per share. Chegg has engaged Goldman Sachs and will look at strategic options, including getting acquired and going private, President and CEO Nathan Schultz told analysts on a Monday earnings call.

Chegg reported a $6.1 million net loss on $143.5 million in fourth-quarter revenue, a 24% decline year over year, according to a statement. Analysts polled by LSEG had expected $142.1 million in revenue. Management called for first-quarter revenue between $114 million and $116 million, but analysts had been targeting $138.1 million. The stock was down 23% in extended trading.

Google forces companies like Chegg to “supply our proprietary content in order to be included in Google’s search function,” said Schultz, adding that the search company uses its monopoly power, “reaping the financial benefits of Chegg’s content without having to spend a dime.”

Despite the suit, Chegg has its own AI strategy. It has drawn on Meta’s open-source Llama, as well as models from privately held Anthropic and Mistral, Schultz said. Chegg has also partnered with OpenAI, which the education company views as a competitor, alongside Google. The company reported that 3.6 million students had subscriptions in the fourth quarter, down 21%. Subscriptions include access to AI-powered learning assistance. Chegg also rents and sells textbooks.

AI Overviews, as Google’s artificial intelligence summaries are called, are available in the company’s search engine in over 100 countries, with more than 1 billion users, the company said in October. They show up above links to other pages in search results.

A Google spokesperson told CNBC that the company will defend itself against Chegg’s suit.

“Every day, Google sends billions of clicks to sites across the web, and AI Overviews send traffic to a greater diversity of sites,” the Google spokesperson said.

Chegg claimed that Google drew on Chegg’s collection of 135 million questions and answers on a variety of subjects in its model training data sets.

After training its models, Google can generate content that competes with information that publishers have on offer in search results, Chegg argued in its complaint. The online learning company included a screenshot of a Google AI Overview that borrows details from Chegg’s website but does not attribute the information. However, the relevant Chegg page does show up lower down in search results.

Chegg cited a federal judge’s ruling last August that Google holds a monopoly in the search market. The decision came after the Department of Justice in 2020 filed its landmark case, alleging that Google controlled the general search market by creating strong barriers to entry and a feedback loop that sustained its dominance.

WATCH: Google unrolls AI Overviews in six more countries

Google unrolls AI Overviews in six more countries

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Hims & Hers shares tumble after company misses on margin, says may stop selling some weight loss drugs

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Hims & Hers shares tumble after company misses on margin, says may stop selling some weight loss drugs

Hims & Hers Health shares plunged 18% in extended trading on Monday after investors looked past better-than-expected revenue and earnings and focused instead on the disappointing gross margin.

Here’s how the company did, compared to analysts’ consensus estimates from LSEG:

  • Earnings per share: 11 cents vs. 10 cents expected
  • Revenue: $481 million vs. $470 million expected

Revenue at the telehealth company increased 95% in the fourth quarter from $246.6 million during the same period last year, according to a release.

However, the company’s gross margin, or the profit left after accounting for the cost of goods sold, was 77%, while analysts polled by StreetAccount were expecting 78.4%.

It is the second big stock drop for Hims & Hers in a matter of days. The shares tumbled 26% on Friday after the U.S. Food and Drug Administration announced that the shortage of semaglutide injection products has been resolved.

In May, Hims & Hers started prescribing compounded semaglutide, the active ingredient in Novo Nordisk‘s blockbuster GLP-1 medications Ozempic and Wegovy. The company was a breakout star within the digital health sector in 2024, in part because of the success of its popular new weight loss offering.

The company said its GLP-1 offering generated more than $225 million in revenue in 2024. The stock climbed about 200% for the year.

Compounded drugs are custom-made alternatives to brand-name drugs designed to meet a specific patient’s needs, and compounders are allowed to produce them when brand-name treatments are in shortage. The FDA said Friday that it will start taking action against compounders for violations in the next 60 to 90 days.

Hims & Hers said on the earnings call that as a result, compounded semaglutide will likely not be offered on the platform after the first quarter.

“We will have to start notifying customers in the coming month or two that they will need to start looking for alternative options on the commercial dosing,” Hims & Hers CEO Andrew Dudum said on the call. “I would suspect, just being very direct, that a lot of those patients will try to go into the open market and try to secure a branded option in some form factor.”

Some patients might still be able to access compounded semaglutide if it is clinically necessary, the company added.

The company’s weight loss offerings will primarily be composed of its oral medications and the generic medication liraglutide, which it plans to introduce on its platform this year. Excluding contributions from compounded semaglutide, Hims & Hers said it expects it weight loss offering will generate at least $725 million in revenue in 2025.

Hims & Hers also offers treatments for skin care, mental health, sexual health and hair care.

Revenue for non-GLP-1 products increased 43% to $1.2 billion for the full year, “meeting our previous 2025 revenue target a year early,” Chief Financial Officer Yemi Okupe said in a release.

“The success we are experiencing is a direct reflection of our improving ability to democratize access to high quality, personalized care across each of our specialties,” Okupe said.

Net income climbed to $26.01 million, or 11 cents per share, from $1.25 million, or 1 cent per share, a year prior. The company reported adjusted earnings of $54.1 million, meeting analysts’ estimates, according to StreetAccount.

For the first quarter, Hims & Hers expects to report revenue of $520 million to $540 million, while analysts were expecting $497 million. Adjusted earnings will be between $55 million and $65 million for the period, the company said.  

Hims & Hers will host its quarterly call with investors at 5:00 p.m. ET.

— CNBC’s Brandon Gomez contributed to this report.

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How AI is speeding the mining of valuable metals needed to power the clean economy

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How AI is speeding the mining of valuable metals needed to power the clean economy

As the clean energy economy expands, finding the minerals and metals that power it becomes increasingly critical. The answer might lie with artificial intelligence.

Electric cars, solar panels and hydrogen fuel cells all have one thing in common: the need for precious metals.

Historically, that’s required going through the arduous process of finding the metals and then getting them out of the ground. But new technologies from a slew of companies might be changing the game.

Kobold Metals, VerAI and a startup called Earth AI are in a race to get the metals to market as soon as possible. Earth AI combines AI-powered mineral discovery software with proprietary drilling technology. Its data goes back 50 years.

“We train our AI to learn from failures and successes of decades of hundreds of geologists that explored in the past to make much better predictions for where to look for metals in the future,” said Roman Teslyuk, CEO of Earth AI.

When the system finds what it thinks are metal deposits, Earth AI can drill down to verify it in just a tennis ball-sized hole. Teslyuk said that using this mining process takes half the cost and a fraction of the amount of time that was previously required. Individual annual mine revenues can range from $50 million to $3 billion, according to Mining Data Online.

“We drill down to 2,000 feet and grab a sample of rock that has never seen light, and the metals in that rock, they can build hundreds of millions of electric cars,” Teslyuk said. “They can turn our grid renewable. This rock can get us off hydrocarbons.”

Earth AI doesn’t explore around existing mines, but finds new areas and then sells that information to mining companies.

“The market for these minerals is massive,” said Jamie Lee, managing partner at Tamarack Global, an investor in Earth AI. “The way that they have approached this really caught our attention because there’s a there is a significant moat in their business model and the way that they’ve trained their large language model.”

Other investors include Y Combinator, Cantos Ventures, Scrum Ventures, Alpaca, Sparkwave Capital and Overmatch. The company has raised a total of $38 million.

Earth AI explores on its own, as well as with partners to find deposits faster. The company recently discovered one of the largest verified deposits of palladium in Australia using AI as part of a joint venture with Legacy Minerals.

CNBC Producer Lisa Rizzolo contributed to this piece.

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