iPhone X Made Bank in 4th Quarter; New iPhone SE Soon; Facebook’s EU Privacy Compliance; Company Using Facebook for Massive Facial Recognition Database

There has been so much coverage about what a big flop the iPhone X is…now, comes word that the flagship handset brought in 35% of total worldwide iPhone profits in the 4th quarter….and really only 2 months of that quarter! Macrumors.com reports that Counterpoint Research crunched the numbers, and also found that the handset generated five times the profit of over 600 Android OEMs that quarter! For comparison at Apple, the iPhone 8 brought in 19.1% of the profits, and the iPhone 8 Plus 15.2%.

The diminutive (by today’s standards) and dated iPhone SE only amounted to .9% of Apple’s iPhone profits in the 4th quarter last year, and now it looks like it will be getting a long-overdue refresh. According to bgr.com, Apple has registered a number of new model numbers for iPhones that will run iOS 11 with the EU and with Russia, which require them in advance. The smaller and less pricey iPhone may be out in May, or around WWDC in June. It will have greatly improved internals, but one rumor has it staying the same on the outside, with another indicating a brand new design. At any rate, we will know in a matter of weeks.

The EU’s new privacy regs go into place next month, and Facebook has released some details about how they will comply. 9to5google.com says the US will get a watered down version, as had been previously rumored. The GDPR….General Data Protection Regulation compliance makes Facebook ask users specifically to agree to a number of things, and is not allowed to present pre-selected defaults. Three key things they must ask are to chose whether or not you want them to use data from partners to show you ads, if you want Facebook to continue to let them use info you’ve shared about political, religious, or relationship info (hint: they will still have the data!), and lastly if you will allow them to use face recognition tech (like for tagging in photos.) These are such mild requirements, don’t expect much change in the ‘watered down’ US version!

If you thought the Cambridge Analytica scandal was creepy, you’ll love this…a surveillance company founded by former Israeli intelligence officers called Terrogence has been using social networking sites like Facebook and YouTube to build a giant facial-recognition database. Mashable.com reports they’ve been at this for five years! The database is part of their facial recognition service called Face-Int. Terrogence, and its parent company Verint supply intelligence tech to the US government including the NSA and the Navy. They would not disclose whether or not the US government utilizes their face database.


Facebook to Update Privacy; Apple iOS 11.3 Features; Bitcoin & Real Estate

Facebook will roll out a global privacy settings hub later this hear. Techcrunch.com says. The social media giant claims it will put core privacy settings on FB in one place and make it much easier for people to manage their data. This has been expected due to their need to support the General Data Protection Regulation…or face penalties. Those standards go into effect for the European Union starting May 25th. Fines can reach 4%, which would be over a billion dollars based on 2016 revenue…so we can anticipate compliance!

Apple will roll out iOS 11.3 this spring, with controls to allow you to undo throttling of older iPhones to save battery life, new Animoji, and health record access. Macrumors.com reports that the new Animoji include a lion, bear, dragon, and skull, bringing the total to 16. Apple is expanding the Health App, and you will be able to view available medical data from providers who are participating including Johns Hopkins and Cedars-Sinai. That data is encrypted, and will be protected by a passcode. In addition to removing processor throttling to save battery on older iPhones, the updated software will give more info about the health of a device’s battery, including a recommendation that the battery be serviced (translation: replaced.)

In Bitcoin news, real estate has become a hot market. It may seem crazy to trade in the cryptocurrency with transactions involving pricey real estate, but properties are for sale and changing hands in the US, Canada, and Australia now using it. In fact, according to Mashable.com, At the end of 2017 a Miami condo reportedly sold for 17.7 bitcoin and actual cryptocurrency was exchanged between the buyer and seller. Not just bitcoin converted into cash, which is the more popular way to use the coin. Meanwhile, at the lower end, online payments company Stripe is dropping Bitcoin as a payment option effective April 23rd. They say it’s just too expensive for small transactions. Mining fees spiked at $37 per purchase in December.