Monday’s Headlines: Is Apple Joining the New Space Race?
1. Reports emerged over the weekend that Apple has been quietly staffing a team to find new ways to beam data directly between its devices and satellites. It remains unclear if Apple plans to build its own satellites or if it will use existing satellites, but it is likely to transport data directly to devices, reducing the dependence on wireless carriers. The space industry is estimated to expand rapidly over the next three decades, with the satellite internet sector anticipated to expand at an exponential rate, with the iPhone maker now looking to get into the thick of it. Read here for the full report.
2. Google has been slapped with yet another fine this weekend as France’s competition watchdog found that the tech giant abused its dominant position in the online search advertising market. The watchdog has ordered Google to clarify how it draws up rules for the operation of Google Ads and its procedures for suspending accounts. The tech giant will also have to put in place measures to prevent, detect and deal with violations of Google Ads rules. Google will reportedly appeal the decision. Get the full story here.
3. Disney’s “Star Wars: The Rise of Skywalker” hauled in $176 million during its domestic debut, the lowest of the new trilogy which began in 2015. It also garnered $198 million internationally, bringing its global box office haul to $374 million for the weekend. Though the movie opened to less than its two predecessors, the film is helping to spearhead a late-year box office surge that has knocked the year-to-date deficit down to under 5% for the first time in months and, importantly, should have solid playability into 2020 and could become Disney’s seventh $1 billion film released in 2019. Read the full report here.