This story is part of , our full coverage of the latest news from Apple headquarters.
Apple has set the date for its latest iPhone’s debut. The new device, rumored to be called, is expected to include super-fast 5G wireless connectivity and a new, iPad-inspired design, and it will be unveiled on Oct. 13 at 10 a.m. PT. Like Apple’s Worldwide Developers Conference, and its September , the iPhone event will be held entirely online amid continued concerns about the pandemic. The event will be streamed via Apple’s website.
Apple’s fall product launch this year is expected to touch off a wave of upgrade purchases, analysts say, with fans eyeing the iPhone’s rumored new 5G capabilities and boxier look, similar to that of the iPad Pro. A “staggering” 53% of respondents plan to buy this year’s iPhone, according to a survey by electronics reseller Decluttr. Flashier rivals — such as Samsung’s Galaxy Z Flip 2 5G, with its foldable display, or Microsoft’s Surface Duo, with two screens sandwiched together — offer new spins on the standard metal-and-glass smartphone construction. But most consumers will likely be gravitating toward what they know.
And even if the new iPhone only offers a few new bells and whistles beyond a different outer design, it’ll draw the lion’s share of attention.
Apple’s invite, which often has some clues, this time has an Apple logo inside circles with different colored hues of blue, orange and red. And there’s this pun: “Hi, Speed.”
That didn’t stop people from speculating about what other mysteries could be hidden in
- Fintechs expect embedded finance to be a dominant trend by 2030, with big techs leading the charge.
- This would open partnership and customer acquisition opportunities for fintechs.
- Insider Intelligence publishes hundreds of insights, charts, and forecasts on the Fintech industry with the Fintech Briefing. You can learn more about subscribing here.
The fintech industry expects financial services to increasingly be embedded into nonfinancial platforms over the next decade, so much so that fintech will no longer be a distinct sector, per a press release seen by Insider Intelligence.
“Embedded finance” is a term for nonfinancial firms directly offering financial products and services to their customers while retaining complete control over the customer experience. The findings are based on the study “Fintech 2030: The Industry View,” by payments provider Tribe Payments, which surveyed 125 fintech executives.
Respondents expect big tech firms in particular to accelerate this trend, with fintech integrations powered by advances in machine learning, IoT, and automation.
- Big techs will increasingly embed fintech offerings on their platform. Thirty-four percent of fintechs expect that big tech firms will become aggregators of bank and fintech services, as seen with Google’s checking account, where Google handles the consumer-facing front end while accounts are held by FDIC-backed partner institutions. And 24% of respondents go as far as to say big tech firms will compete on an equal footing with banks and fintechs, similar to what we have seen with Alibaba-backed Ant Financial in Asia.
- Algorithms and data collection tech will power the shift to embedded finance. Respondents predict that machine learning (71%), IoT (49%), and automation (40%) will be the most important technologies, as these support nonfinancial firms’ access to financial services. For example, booking platform Campings.com has integrated
Apple will use mini LED for the backlight of a “high-end MacBook” in late 2021, a report claims, a device that will follow after the launch of a 12.9-inch iPad Pro using the display technology in early 2021.
Osram Opto Semiconductors is reportedly going to become Apple’s second supplier of mini LED chips alongside Epistar, according to people familiar with the matter. The supply of mini LED chips from Osram will apparently start in 2021, with the chips intended for an updated MacBook model which would ship in the second half of 2021.
The industry sources of DigiTimes claim the 12.9-inch iPad Pro will use mini LED backlights, and will ship in early 2021, with each using over 10,000 mini LEDs. Epistar is thought to be ready to produce mini LEDs, with a production line for making blue-light LEDs modified for creating the smaller components during the third quarter of 2020.
The report’s claim surrounding the iPad Pro model correlates with an earlier September 21 analyst note from Ming-Chi Kuo, which claimed Apple was sourcing mini LED chips for a future iPad model from more than one supplier. Epistar was previously thought to be the only provider of mini LED chips to Apple in 2021, but there have been rumblings of others being introduced to the supply chain.
Kuo also suggested the launch of a mini LED MacBook, though for release in 2020 rather than late 2021.
For the MacBook, Osram Opto is anticipated to be the supplier, following after it provided backlight-use LEDs for the Apple Watch and iPhone, with the expansion to MacBook mini LEDs being a natural extension. Osram is thought to have set up an initial monthly production capacity of 100 million LEDs at its plant in Malaysia.
Osram Opto isn’t