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Apple’s latest budget iPhone model, the iPhone 16e, which started shipping on Feb. 28, 2025.

Apple

With the release of its new iPhone 16e, which started shipping on Friday, Apple is taking a break from fingerprint technology as a biometric security feature in its smartphone line-up. But the separation may only be temporary. 

In a move that underscores the tech giant’s ongoing commitment to facial authentication technology, Apple’s new phone for more budget-conscious consumers will offer Face ID instead of fingerprint scanning technology, dubbed Touch ID. 

“It’s the most effortless way of authenticating,” said Joe Palmer, chief innovation officer at iProov, a global technology company focused on biometric verification and authentication. If you think about how many times you unlock a phone in a day, even if it takes you a second and you’re unlocking the phone 100 times a day, it adds up, he said. “I don’t think we’re going to see an evolution beyond face anytime soon,” he added.

Still, technology and cybersecurity professionals say fingerprint scanning technology has plenty of life left — and Apple itself is likely to offer the option in future device releases, including smartphones.

Here’s what consumers need to understand about the latest biometric trends in smartphones, and what’s likely to come next:

Why fingerprints could still make a comeback

Apple’s Touch ID continues to be available in certain iPad models, and the company is likely to reintroduce the technology in subsequent versions of its smartphones, according to experts consulted by CNBC. One sign they point to that makes this likely: The company was granted a patent several years ago for under-display fingerprint reading technology and continues to work on improvements, according to several published reports. As a result, the company is likely to bring back Touch ID to smartphones once it perfects its version of under-the-screen technology. 

Apple declined to comment.

Consumers like choices, Palmer said, offering the example of a colleague who uses facial authentication to unlock an Android phone and fingerprint technology to authorize payments. Once Apple introduces fingerprint technology under the screen, it will likely be available in flagship phones again and work its way down through the models, he said.

Better economic costs all the way around for Apple's new iPhone 16E, says Needham's Laura Martin

Why Apple is focusing on facial authentication for now

Apple’s near-term move away from fingerprint technology in its smartphones makes sense for several reasons. For one, the company has always had a larger facial recognition culture, in part because its technology is solid and easy to use, said Roger Grimes, an analyst at KnowBe4, a security platform provider. 

It’s designed to automatically adapt to changes in user appearance, such as wearing cosmetic makeup or growing facial hair. It’s also designed to work with hats, scarves, glasses, contact lenses and many sunglasses. The company designed the technology to work indoors, outdoors, and even in total darkness. With iPhone 12 or later, Face ID also works with face masks.

The move away from Touch ID on smartphones is also an attempt to appeal to customers who want more screen space on their devices, technology professionals said. In past phone versions, Apple’s Touch ID fingerprint sensor was integrated into a phone’s home or power button. Whereas the iPhone 16e — similar to the iPhone 10 — has a notch, a physical area on its display for sensors. This design element has been used in smartphones for several years to accommodate front-facing cameras and microphones while meeting consumer demand for larger edge-to-edge screens. “Apple has been slowly trying to remove the home button from phones for many years to get the edge-to-edge experience where the entire phone is a screen and there’s no wasted space,” Palmer said. 

Thumb tech is cost-effective

Fingerprint technology continues to be available on Android devices, and that’s not likely to change anytime soon, even as newer phones offer facial authentication as an option, said Jean Fang, senior consultant for biometrics and authentication at Fime, which offers consulting and testing services to the payments industry. 

Face Unlock is available on Pixel 4 and Pixel 7 or later Pixel phones, including Pixel Fold, according to Google’s website. On Pixel 8 and later, consumers can use Face Unlock to verify their identity when they sign into apps or approve a purchase. The face recognition feature can be used on Galaxy phones or tablets to unlock the device and verify the user’s identity in certain apps, according to Samsung’s website. 

Even as more devices adopt facial authentication, fingerprint technology will remain a solid option for many phone users, technology professionals said. For one thing, fingerprint scanning is more cost-effective than other options such as iris or palm scans. “It’s a very good technology and it’s very mature and we have fingerprint sensors that are affordable everywhere,” said D. J. Lee, a professor in the department of electrical and computer engineering at Brigham Young University.

“It works the way we need it to work most of the time,” said Grimes.

Biometric security limitations

To be sure, there are downsides to popular biometric options. Fingerprint authentication doesn’t always work properly, if, for example, a person’s finger is wet or chapped, or the sensor can’t detect an exact match for another reason. But facial authentication technology also has drawbacks, especially as deepfake technology advances, said Fang, who is also a member of the Secure Technology Alliance, a not-for-profit, multi-industry association focused on identity, access and payments. There can also be limitations on how well facial authentication works depending on factors such as lighting and whether the person had facial surgery such as a nose job or eyebrow lift, she said. 

“It can be a good feature for some lower-risk cases, but not all cases,” Fang said.

Despite the limitations of existing biometric modules, fingerprint and face authentication technology are expected to be the go-to biometric methods for the foreseeable future. That’s not for lack of testing of other methods, but for more practical reasons. About 15 years ago, Grimes participated in a product test that tried to identify users by smell, which seemed to work well until the test subjects ate a lot of garlic or drank alcohol. “It turned out a lot of people really liked garlic and that would overwhelm their scent and you have a lot of people that drink a lot,” he said.

While it’s possible to authenticate users through other biometric methods, like iris or palm scans — Amazon Whole Foods’ stores palm payments tech being a recent example — in many cases these may cost more and add more friction for users, making widespread adoption less likely. “It’s the balance between security, the convenience and the cost,” Lee said.

iProov CEO discusses 'arms race' against deepfakes

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Samsung Electronics to acquire heating and cooling solutions provider FläktGroup for 1.5 billion euros

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Samsung Electronics to acquire heating and cooling solutions provider FläktGroup for 1.5 billion euros

A Samsung Group flag flutters in front of the company’s Seocho building in Seoul. 

Sopa Images | Lightrocket | Getty Images

Samsung Electronics on Wednesday announced that it would acquire all shares of German-based FläktGroup, a leading heating and cooling solutions provider, for 1.5 billion euros ($1.68 billion) from European investment firm Triton. 

Samsung said the acquisition would help it expand in the heating, ventilation and air conditioning business as the market experiences rapid growth. 

“Our commitment is to continue investing in and developing the high-growth HVAC business as a key future growth engine,” said TM Roh, Acting Head of the Device eXperience (DX) Division at Samsung Electronics.  

The acquisition of FläktGroup stands to bolster Samsung’s position in the HVAC market against rivals such as LG Electronics. 

FläktGroup supplies heating, HVAC solutions to a wide range of buildings and facilities, notably data centers which require a high degree of stable cooling. Samsung said it anticipates sustained growth in data center demand due to the proliferation of generative AI, robotics, autonomous driving and other technologies.

FläktGroup has more 60 major customers, including leading pharmaceutical companies, biotech and food and beverage firms, and gigafactories, according to Samsung’s statement.

Samsung said in March that its HVAC solutions had achieved double-digit annual revenue growth over the past five years, and that the company aimed to boost revenue by more than 30% in 2025.

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Stock and crypto trading site eToro prices IPO at $52 per share ahead of Nasdaq debut

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Stock and crypto trading site eToro prices IPO at  per share ahead of Nasdaq debut

Omar Marques | Sopa Images | Lightrocket | Getty Images

EToro, a stock brokerage platform that’s been ramping up in crypto, has priced its IPO at $52 a share, as the company prepares to test the market’s appetite for new offerings.

The Israel-based company raised nearly $310 million, selling nearly 6 million shares in a deal that values the business at about $4.2 billion. The company had planned to sell shares at $46 to $50 each. Another almost 6 million shares are being sold by existing investors.

IPOs looked poised for a rebound when President Donald Trump returned to the White House in January after a prolonged drought spurred by rising interest rates and inflationary concerns. CoreWeave’s March debut was a welcome sign for IPO hopefuls such as eToro, online lender Klarna and ticket reseller StubHub.

But tariff uncertainty temporarily stalled those plans. The retail trading platform filed for an initial public offering in March, but shelved plans as rising tariff uncertainty rattled markets. Klarna and StubHub did the same.

EToro’s Nasdaq debut, under ticker symbol ETOR, may indicate whether the public market is ready to take on risk. Digital physical therapy company Hinge Health has started its IPO roadshow, and said in a filing on Tuesday that it plans to raise up to $437 million in its upcoming offering. Also on Tuesday, fintech company Chime filed its prospectus with the SEC.

Another trading app, Webull, merged with a special-purpose acquisition company in April.

Founded in 2007 by brothers Yoni and Ronen Assia along with David Ring, eToro competes with the likes of Robinhood and makes money through fees related to trading, including spreads on buy and sell orders, and non-trading activities such as withdrawals and currency conversion.

Net income jumped almost thirteenfold last year to $192.4 million from $15.3 million a year earlier. The company has been ramping up its crypto business, with revenue from cryptoassets more than tripling to over $12 million in 2024. One-quarter of its net trading contribution last year came from crypto, up from 10% the prior year.

This isn’t eToro’s first attempt at going public. In 2022, the company scrapped plans to hit the market through a merger with a special purpose acquisition company (SPAC) during a sharp downturn in equity markets. The deal would have valued the company at more than $10 billion.

CEO Yoni Assia told CNBC early last year that eToro was still aiming for a market debut but “evaluating the right opportunity” as it was building relationships with exchanges, including the Nasdaq.

“We definitely are eyeing the public markets,” he said at the time. “I definitely see us becoming eventually a public company.”

EToro said in its prospectus that BlackRock had expressed interest in buying $100 million in shares at the IPO price. The company said it planned to sell 5 million shares in the offering, with existing investors and executives selling another 5 million.

Underwriters for the deal include Goldman Sachs, Jefferies and UBS.

— CNBC’s Ryan Browne and Jordan Novet contributed reporting

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Dallas Mavericks were paid $33 million over 3 years by Chime for jersey patch

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Dallas Mavericks were paid  million over 3 years by Chime for jersey patch

Klay Thompson #31 of the Dallas Mavericks handles the ball during the game against the Memphis Grizzlies during the 2025 SoFi Play-In Tournament on April 18, 2025 at FedExForum in Memphis, Tennessee.

Joe Murphy | National Basketball Association | Getty Images

Chime Financial paid the NBA’s Dallas Mavericks roughly $33 million over three years to have its logo worn as a patch on player jerseys, the company disclosed in its IPO filing Tuesday. 

The Mavericks finalized the jersey deal, along with “certain other sponsorship and promotional rights,” in 2020, but terms weren’t announced. CNBC reported at the time that, citing an NBA official, that the league’s patch sponsorships ranged from $2 million to $20 million per season, depending on market size.

Chime, a San Francisco-based fintech company that provides online banking services like direct deposit and credit cards, plans to soon debut on the Nasdaq. Cynthia Marshall, who was CEO for the Mavericks from 2018 until December of last year, is on Chime’s board, so the company included details of the arrangement in the related party transactions section of its filing.

The company said it paid the Mavericks $10.5 million in 2022, $11.5 million in 2023 and $11.2 million last year.

Marshall told CNBC in 2020 that the decision to select Chime for its jersey patch came as the team was looking to fill its official sponsorship slot, which came with the deal. The logo has been displayed around American Airlines Center, where the Mavericks play their home games.

“We wanted somebody that was doing well as a business and growing,” Marshall said. “It’s a perfect fit.”

Chime’s IPO filing lands a day after the Mavericks shocked the NBA world by winning the draft lottery and the right to draft presumed top pick Cooper Flagg from Duke University. The Mavericks had only a 1.8% chance of landing the top pick based on where they finished in the standings. ESPN reported on Wednesday that the Mavericks plan to draft Flagg and are not considering the possibility of trading him.

It was a remarkably fortuitous turn of events for a front office and ownership team that’s been roundly criticized for months since trading franchise cornerstone Luka Doncic in February, bringing back older star Anthony Davis in return.

Longtime owner Mark Cuban sold a majority stake in the Mavericks in 2023 to casino owner Miriam Adelson and her family.

In October, the Mavericks announced a multi-year extension to its Chime deal, agreeing to showcase the brand and the company’s products more broadly. One new aspect was the creation of Chime Lane, “a dedicated entrance featuring exclusive benefits for Chime members during Mavs games and select events at AAC,” the team said in a press release.

— CNBC’s Jordan Novet contributed to this report.

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