Security

Apple Report Finds Steep Increase in Data Breaches, Ransomware (axios.com) 12

Data breaches and ransomware attacks are getting worse. Some 2.6 billion personal records have been exposed in data breaches over the past two years and that number continues to grow, according to a new report commissioned by Apple. From a report: Apple says the escalating intrusions, combined with increases in ransomware means the tech industry needs to move toward greater use of encryption. According to the report, prepared by MIT professor emeritus Stuart E. Madnick:

1. Data breaches in the US through the first nine months of the year are already 20% higher than for all of 2022.
2. Nearly 70 percent more ransomware attacks were reported through September 2023, than in the first three quarters of 2022.
3. Americans and those in the UK topped the list of those most targeted in ransomware attacks in 2023, followed by Canada and Australia. Those four countries accounted for nearly 70% of reported ransomware attacks.
4. One in four people in the US had their health data exposed in a data breach during the first nine months of 2023.

Earth

Asteroid Dust Caused 15-Year Winter That Killed Dinosaurs, Scientists Say 135

Around 66 million years ago, the Chicxulub asteroid caused a mass extinction event, killing three-quarters of life on Earth, including the dinosaurs. A new study suggests that fine silicate dust from the asteroid, which remained in the atmosphere for up to 15 years, played a more significant role in causing the impact winter and extinction than previously thought. Phys.Org reports: Fine silicate dust from pulverized rock would have stayed in the atmosphere for 15 years, dropping global temperatures by up to 15 degrees Celsius, researchers said in a study in the journal Nature Geoscience. [...] For the study, the international team of researchers was able to measure dust particles thought to be from right after the asteroid struck. The particles were found at the Tanis fossil site in the US state of North Dakota.

Though 3,000 kilometers (1,865 miles) away from the crater, the site has preserved a number of remarkable finds believed to be dated from directly after the asteroid impact in sediment layers of an ancient lake. The dust particles were around 0.8 to 8.0 -- micrometers -- just the right size to stick around in the atmosphere for up to 15 years, the researchers said.

Entering this data into climate models similar to those used for current-day Earth, the researchers determined that dust likely played a far greater role in the mass extinction than had previously been thought. Out of all the material that was shot into the atmosphere by the asteroid, they estimated that it was 75 percent dust, 24 percent sulfur and one percent soot. The dust particles "totally shut down photosynthesis" in plants for at least a year, causing a "catastrophic collapse" of life, [said Ozgur Karatekin, a researcher at the Royal Observatory of Belgium].
Businesses

Honda Says Making Cheap Electric Vehicles is Too Hard, Ends Deal With GM (arstechnica.com) 181

The previously announced joint collaboration between Honda Motor and General Motors to develop a platform for affordable electric vehicles (EVs) has been cancelled, the firms said today. Initially publicized in April 2022, the collaboration aimed to produce lower-cost EVs for the North American, South American, and Chinese markets, with the first models expected to roll out in 2027. However, the companies disclosed that they have mutually agreed to disband the project. ArsTechnica: "After extensive studies and analysis, we have come to a mutual decision to discontinue the program. Each company remains committed to affordability in the EV market," Honda and GM said in a joint statement. "After studying this for a year, we decided that this would be difficult as a business, so at the moment we are ending development of an affordable EV," said Honda CEO Toshihiro Mibe in an interview with Bloomberg. "GM and Honda will search for a solution separately. This project itself has been canceled," Mibe said.

The now-canceled platform was supposed to use GM's Ultium batteries. GM debuted Ultium in 2020 as its third-generation lithium-ion cell, developed together with LG Chem. At the time, GM CEO Mary Barra said that Ultium cells would drop below the $100/kWh barrier "early in the platform's life." In 2022, the first Ultium-based EVs went into production -- the GMC Hummer EV, the Cadillac Lyriq, and the BrightDrop Zevo 600. Ultium cells were supposedly ready for mass production, but GM and LG Chem are struggling to make that a reality. In July, GM had to idle BrightDrop's production line in Canada due to a shortage of battery cells, and Kelly Blue Book's sales data for the first three quarters of 2023 show that just 6,920 Ultium-based EVs (which include the Chevrolet Blazer and Silverado EV, as well as the Hummer, Lyriq, and BrightDrop van) were delivered to customers.

Transportation

How a Series of Air Traffic Control Lapses Nearly Killed 131 People (deccanherald.com) 58

Due to an air traffic control mistake in February, a FedEx cargo plane flew within 100 feet of a Southwest Airlines flight in February. The New York Times reports that the flight's 128 passengers "were unaware that they had nearly died." In a year filled with close calls involving US airlines, this was the one that most unnerved federal aviation officials: A disaster had barely been averted, and multiple layers of the vaunted US air-safety system had failed... But the errors by the controller — who has continued to direct some plane traffic in Austin, Texas — were far from the whole story, according to 10 current and former controllers there, as well as internal Federal Aviation Administration documents reviewed by the Times. Austin-Bergstrom, like the vast majority of US airports, lacks technology that allows controllers to track planes on the ground and that warns of imminent collisions. The result is that on foggy days, controllers can't always see what is happening on runways and taxiways. Some have even resorted to using a public flight-tracking website in lieu of radar.

In addition, for years Austin has had a shortage of experienced controllers, even as traffic at the airport has surged to record levels. Nearly three-quarters of shifts have been understaffed. Managers and rank-and-file controllers have repeatedly warned that staffing levels pose a public danger. The controller on that February morning was working an overtime shift. In June, Stephen B. Martin, then Austin's top manager, and a local union representative wrote a memo pleading for more controllers. "Drastic steps are needed to allow the facility to adequately staff for existing traffic," they wrote to FAA and union officials.

Austin is a microcosm of a systemic crisis. The safety net that underpins air travel in America is fraying, exposing passengers to potential tragedies like the episode in February.

And yet the chair of America's National Transportation Safety Board calls the February incident "just one of seven serious close calls and near misses involving commercial airlines that we have initiated investigations on this year."

Thanks to long-time Slashdot reader schwit1 for sharing the article.
Desktops (Apple)

PC Shipments Decline Slows In Q3 2023, But Apple Plunges Over 23% (techcrunch.com) 105

An anonymous reader quotes a report from TechCrunch: It hasn't been a great time in recent quarters for PC companies, but with IDC, Gartner and Canalys all reporting data for Q3 2023, it shows an improving landscape. While shipments still declined between 7% and 9%, depending on whose data you look at, the decline was slowing. But perhaps the biggest surprise in these numbers was the fact Apple was the biggest loser this quarter, with numbers declining between 23% and 29%.

First, let's look at the overall numbers. IDC found the market dropped 7.6% year over year with 68.2 million PCs shipped, Gartner reported a 9% decline with 64.3 million units shipped and Canalys found the market down 7% with 65.6 million units shipped. In spite of that, the consensus was that the long PC market decline may be over, and we could be headed for better days with the holiday shopping season approaching in the final quarter. "There is evidence that the PC market's decline has finally bottomed out," Mikako Kitagawa, director analyst at Gartner, said in a statement.

When you look at individual manufacturers, Apple experienced by far the biggest decline, with IDC reporting -23.1%, Gartner reporting -24.2% and Canalys -29.1%. The only other company with double-digit reductions was Asus, with -10.7%, -11.5% and -10.7%, respectively. If you're looking for the only company in positive territory, that would be HP, with IDC and Gartner reporting an increase of 6.4% and Canalys only slightly different at 6.5%.

Businesses

Intel Plans To IPO Programmable Chip Unit Within Three Years (cnbc.com) 26

An anonymous reader quotes a report from CNBC: Intel said it will treat its programmable chip unit as as a standalone business, with an aim to spin it out through an IPO in the next two to three years. Intel's Programmable Solutions Group will have its own balance sheet as it heads toward independence. The company will continue to support the business and retain a majority stake, and could also seek private investment. Sandra Rivera, who leads Intel's broader Data Center and AI group, will become PSG CEO. Intel will manufacture the group's chips.

The move also highlights the strong demand in the semiconductor industry for field programmable gate arrays, or FPGAs. [...] FPGAs are simpler than the powerful processors at the heart of servers and PCs but are often more flexible, respond faster and can be more power-efficient. They're "programmed" after they're shipped for specific uses in data centers, telecommunications, video encoding, aviation and other industries. FPGAs can also be used to run some artificial intelligence algorithms.

Intel's FPGAs are sold under the Agilex brand. Intel doesn't break out PSG sales yet, but said in July that the unit had three record quarters in a row, offsetting a slump in server chip sales. PSG has been part of Intel's Data Center and AI group, which generated $4 billion in sales in the second quarter.

Cellphones

Smartphone Sales Down 22 Percent In Q2, the Worst Performance In a Decade (arstechnica.com) 84

An anonymous reader quotes a report from Ars Technica: Canalys has some gruesome new numbers out for the North American smartphone market in Q2 2023, detailing what it's calling the "worst quarterly performance for over a decade." Q2 has plummeted 22 percent, year over year, and with these numbers, Canalys is predicting the smartphone market will be down 12 percent overall in 2023.

Apple is down 20 percent for Q2 and still in a dominant position with 54 percent market share. Samsung is down 27 percent, in second place overall with 24 percent market share in Q2 2023. Motorola is next with a 25 percent decline and only 8 percent market share. TCL, a TV company that feels like it only briefly dabbled in smartphones, is the single biggest loser, down 30 percent, with 5 percent market share.

Only a single company survived this quarter unscathed, and it's actually Google! The company might be at the bottom of the smartphone charts, but Pixel phone sales are up 59 percent, earning Google 4 percent of the market. It was the same story last year, when Google jumped from 1 to 2 percent. In a few quarters, the company might hit fourth place. The biggest loss on the chart is actually "others," down 43 percent, likely representing the further consolidation of the Android market. These are your OnePluses, your HMD/Nokias, and trashy pre-paid vendors like Blu.

Space

Starship Is Stacked and Ready To Make Its Second Launch Attempt (arstechnica.com) 89

SpaceX's Starship rocket is fully stacked and ready to launch again. According to Elon Musk, the company is just waiting for the Federal Aviation Administration (FAA) to approve the launch license. Ars Technica reports: That caveat is a big one because the Federal Aviation Administration is still reviewing paperwork and data from SpaceX about the first launch attempt of Starship in April 2023. That flight ended after about 90 seconds due to engine problems and other issues with the booster. The FAA has been reviewing data from that accident, including the environmental implications at the launch site and the delayed activation of the rocket's flight termination system. Following this accident, SpaceX prepared and submitted a "mishap investigation report" to the FAA. After reviewing the report, the FAA will identify corrective actions that the company must make ahead of its second test flight to ensure the safety of people, property, and wildlife near the South Texas launch site, which is surrounded by wetlands and the Gulf of Mexico. [...]

During the upcoming test flight, Starship will carry no payloads but will instead seek to demonstrate the performance of the booster's 33 Raptor rocket engines, stage separation, and ignition of Starship's six engines. Under a nominal flight, Starship will complete nearly three-quarters of an orbit around Earth before splashing down in the Pacific Ocean, north of the Hawaiian island of Kauai. The launch date is pending regulatory approval, but it is not expected to occur before the middle of September.

Security

Cybercrime To Cost Germany 206 Billion Euros in 2023, Survey Finds (reuters.com) 9

The theft of IT equipment and data, as well as digital and industrial espionage and sabotage, will cost Germany 206 billion euros ($224 billion) in 2023, German digital association Bitkom said on Friday. From a report: The damage will surpass the 200 billion euro mark for the third consecutive year, according to a Bitkom survey of more than 1,000 companies. "The German economy is a highly attractive target for criminals and hostile states. The boundaries between organised crime and state-controlled actors are blurred," Bitkom President Ralf Wintergerst said. Around three quarters of the companies surveyed suffered digital attacks in the past 12 months, falling from 84% of the companies in the previous year.
Hardware

Reports of the PC's Death Are Greatly Exaggerated, Says IDC (theregister.com) 70

The PC market is expected to return to growth in 2024, according to estimates from IDC analysts. From a report: Still, industry players might want to taper their enthusiasm. PC shipments are forecast to grow 3.7 percent year-on-year to hit 261.4 million units in 2024, putting them above 2018 levels, but not quite on par with 2019 demand. Meanwhile, 2023 is predicted to sink by 13.7 percent to 252 million units. Research manager Jitesh Ubrani called demand "tepid at best" and said 2023 will be the year with the "greatest annual decline in consumer PC shipments since the category's inception."

IDC recognizes the market still faces challenges including "concerns around the consumer market refresh cycle, businesses pushing device purchases forward, and education budgets that are not rebounding in many markets." Market hesitancy, as always, boils down to uncertainty. For one, processors are seeing what IDC called "some of the biggest shifts in commercial PC history" as AMD market share hit 11 percent in 2022 and Apple pulled in just over 5 percent that year. Apple device sales have been on a decline for multiple quarters now. Q1 2023 saw new Macs plummet more than 40 percent year-on-year, compared to an overall 25-30 percent among PC vendors. The quarter before that saw Apple shipments outperform the PC market as a whole, declining a mere 2.1 percent while other manufacturers experienced 37 percent reductions.

Communications

T-Mobile To Cut About 7% of Staff (bloomberg.com) 24

T-Mobile USA is cutting 7% of its staff, part of an effort to rein in costs as the company spends heavily to attract new subscribers in an increasingly competitive market. From a report: The move will affect about 5,000 positions, mostly corporate and back-office staff along with some technology roles, T-Mobile said in a regulatory filing. Retail and consumer-care experts won't be impacted. Chief Executive Officer Mike Sievert said in a letter to employees that the cost of attracting and retaining customers is "materially more expensive than it was just a few quarters ago." Building out the company's high-speed internet business and efforts in other areas "is not enough to deliver on these changing customer expectations going forward," he said.
The Courts

Judge Rules in Favor of Montana Youths in Landmark Climate Decision (washingtonpost.com) 120

In the first ruling of its kind nationwide, a Montana state court decided Monday in favor of young people who alleged the state violated their right to a "clean and healthful environment" by promoting the use of fossil fuels. From a report: The court determined that a provision in the Montana Environmental Policy Act has harmed the state's environment and the young plaintiffs, by preventing Montana from considering the climate impacts of energy projects. The provision is accordingly unconstitutional, the court said. The win, experts say, could energize the environmental movement and reshape climate litigation across the country, ushering in a wave of cases aimed at advancing action on climate change. "People around the world are watching this case," said Michael Gerrard, the founder of Columbia's Sabin Center for Climate Change Law.

The ruling represents a rare victory for climate activists who have tried to use the courts to push back against government policies and industrial activities they say are harming the planet. In this case, it involved 16 young Montanans, ranging in age from 5 to 22, who brought the nation's first constitutional and first youth-led climate lawsuit to go to trial. Though the cumulative number of climate cases around the world has more than doubled in the last five years, youth-led lawsuits in the United States have faced an uphill battle. Already, at least 14 of these cases have been dismissed, according to a July report from the United Nations Environment Program and the Sabin Center. The report said about three-quarters of the approximately 2,200 ongoing or concluded cases were filed before courts in the United States. Experts said the Montana youth had an advantage in the state's constitution, which guarantees a right to a "clean and healthful environment." Coal is critical to the state's economy, and Montana is home to the largest recoverable coal reserves in the country. The plaintiff's attorneys say the state has never denied a permit for a fossil fuel project.

Intel

Intel Returns To Profitability After Two Quarters of Losses (cnbc.com) 21

Intel reported second-quarter earnings on Thursday, including a return to profitability after two straight quarters of losses, and a stronger-than-expected forecast. CNBC reports: For the third quarter, Intel expects earnings of $0.20 per share, adjusted, on revenue of $13.4 billion at the midpoint, versus analyst expectations of 16 cents per share on $13.23 billion in sales. Intel posted net income of $1.5 billion, or earnings of $0.35 per share, versus a net loss of $454 million, or a loss of 11 cents per share, in the same quarter last year.

Intel CFO David Zinsner said in a statement that part of the reason that Intel's report was stronger than expected was because of the progress it has made towards slashing $3 billion in costs this year. Earlier this year, Intel slashed its dividend and announced plans to save $10 billion per year by 2025, including through layoffs. Revenue fell to $12.9 billion from $15.3 billion a year ago, marking the sixth consecutive quarter of declining sales for the company.

Here's how Intel's business units performed:
- Intel's Client Computing group, which includes the company's laptop and desktop processor shipments, fell 12% annually to $6.8 billion.The overall PC market has been slumping for over a year.
- Intel's server chip division, which is reported as Data Center and AI, declined 15% to $4.0 billion in sales.
- Intel's Network and Edge division, which sells networking products for telecommunications, declined 28% to $1.4 billion.
- Mobileye, a publicly-traded Intel subsidiary focusing on self-driving cars, saw sales down 1% on an annual basis to $454 million.
- It reported $232 million in revenue for its foundry business, Intel Foundry Services, that makes chips for other companies.

Mars

NASA Locks 4 Volunteers Into 3D-Printed Virtual 'Mars' For Over a Year (nypost.com) 54

Four volunteers will spend the next 378 days in a simulation of Mars, facing harsh, realistic challenges in tight quarters under NASA's watchful eye in preparation for a real-life mission to the red planet. From a report: Research scientist Kelly Haston, structural engineer Ross Brockwell, emergency medicine physician Nathan Jones and US Navy microbiologist Anca Selariu were locked into the virtual planet at the Johnson Space Center in Houston, Texas, on Sunday as part of the first of a three-year-long simulation study by the space agency. "The knowledge we gain here will help enable us to send humans to Mars and bring them home safely," Grace Douglas, the mission's principal investigator at NASA, said during a briefing.

Nasa 3D-printed the 1,700-square-foot facility, dubbed Crew Health and Performance Exploration Analog -- or CHAPEA. It will be the longest analog mission in the agency's history. The habitat -- named Mars Dune Alpha -- will feature a kitchen, private crew quarters, and two bathrooms, with medical, work, and recreation areas. The crew will be expected to carry out "mission activities," like collecting geological samples, exercising, and practicing personal hygiene and health care, with minimal contact with their family and loved ones, according to NASA. To capture the true essence of life on our neighboring planet, the crew must work through "environmental stressors," including limits on resources, periods of isolation, and equipment failures.

Microsoft

Xbox Admits Defeat in 'Console Wars' (windowscentral.com) 79

An anonymous reader shares a report: The courtroom showdown between the FTC and Microsoft over the tech company's proposed acquisition of Activision Blizzard kicked off this morning. First announced in early 2022, the pending transaction has been scrutinized by various global regulatory bodies. Xbox has frantically worked to appease their concerns. While addressing its potentially dominant position, Microsoft lamented its third-place position and admitted defeat in the ongoing "console wars."

Part of Microsoft's current legal strategy is demonstrating the domineering lead PlayStation and Nintendo have established in the gaming industry. Xbox entered the market in 2001, and according to Microsoft's own documentation, their consoles have been outperformed by Nintendo and Sony by a "significant margin." Despite hard-fought success in the Xbox 360 generation and notable financial gain in recent quarters, Xbox claims it's never stopped "losing the console wars." As it stands, Xbox is confidently one of "big three" players in the console market, alongside PlayStation and Nintendo. However, Microsoft states its market share is trailing notably behind the most prominent competition.

Businesses

Hotel Owners Start To Write Off San Francisco as Business Nosedives (wsj.com) 327

San Francisco's once thriving hotel market is suffering its worst stretch in at least 15 years, pummeled by the same forces that have emptied out the city's office towers and closed many retail stores. From a report: Hotel owners in New York and Los Angeles are filling nearly as many rooms this year as they did in 2019, according to hotel-data firm STR. Their revenue per available room exceeds what it was before the pandemic. But in San Francisco, hotels are still struggling badly in both occupancy and room rates compared with before the pandemic. Revenue per available room was nearly 23% lower in April compared with the same month in 2019. The city's lodging business has been squeezed by crime and other quality-of-life issues that have kept many convention bookers away. Tech companies' embrace of remote work also undercuts business travel to the city and hotel activity.

Now, a growing number of San Francisco hoteliers are signaling they may be ready to give up. In recent months, the owner of the city's Huntington Hotel sold the property after facing foreclosure and the Yotel San Francisco hotel sold in a foreclosure auction. Club Quarters San Francisco, which has been in default on its loan since 2020, may also be headed to foreclosure, according to data company Trepp. Other lodging properties in the city are also vulnerable. More than 20 additional San Francisco hotels are facing loans due in the next two years, according to data company CoStar. In San Francisco's biggest potential hotel default yet, Park Hotels & Resorts last week said it has stopped making loan payments on debt secured by the Hilton San Francisco Union Square and Parc 55 San Francisco. The two hotels, with nearly 3,000 rooms between them, are in the heart of San Francisco's shopping and cultural district.

China

China Launches Shenzhou-16 Mission To Chinese Space Station (reuters.com) 14

China sent three astronauts to its now fully operational space station as part of crew rotation on Tuesday in the fifth manned mission to the Chinese space outpost since 2021, state media reported. From a report: The spacecraft, Shenzhou-16, or "Divine Vessel," and its three passengers lifted off atop a Long March-2F rocket from the Jiuquan Satellite Launch Centre in the Gobi Desert in northwest China at 9:31 a.m. The astronauts on Shenzhou-16 will replace the three-member crew of the Shenzhou-15, who arrived at the space station late in November. The station, comprising three modules, was completed at the end of last year after 11 crewed and uncrewed missions since April 2021, beginning with the launch of the first and biggest module -- the station's main living quarters. China has already announced plans to expand its permanently inhabited space outpost, with the next module slated to dock with the current T-shaped space station to create a cross-shaped structure.
Businesses

Germany Falls Into Recession as Consumers in Europe's Biggest Economy Spend Less (cnn.com) 116

Germany has slipped into recession as last year's energy price shock takes its toll on consumer spending. From a report: Output in Europe's largest economy dropped 0.3% in the first three months of the year, following a 0.5% contraction at the end of 2022, official data showed Thursday. The Federal Statistical Office downgraded its previous estimate of zero growth in gross domestic product (GDP) compared with the previous quarter. A recession is defined as two consecutive quarters of declining output.

"The persistence of high price increases continued to be a burden on the German economy at the start of the year," the office said. "This was particularly reflected in household final consumption expenditure, which was down 1.2% in the first quarter of 2023." Claus Vistesen, chief euro area economist at Pantheon Macroeconomics, said spending by consumers in the first quarter was crimped by "the shock in energy prices."

Hardware

Raspberry Pi CEO Eben Upton Discusses Stock Updates, Industry Prioritization (tomshardware.com) 59

An anonymous reader quotes a report from Tom's Hardware: YouTuber Jeff Geerling recently flew over to the UK to sit down with Raspberry Pi CEO Eben Upton for a chat about shortages, predictions, the Raspberry Pi Pico and other hot topics. The short of it is that stock levels are improving, close to Upton's 2022 prediction and that we are now seeing better stock levels than 2022 as Raspberry Pi slowly catches up with the backlog. Upton explained the reasoning behind prioritizing OEM customers over consumers, and addresses some of the negativity that was levied on Raspberry Pi by a minority of the passionate and vocal community.

The video starts with Geerling candidly explaining that his trip to the UK was not funded by Raspberry Pi, rather it was funded via sponsorship and Patreon supporters. With that out of the way Geerling covers a series of topics with Upton, and we've been through the video and pulled out the key points, with timestamps for you to listen to.
In regard to the company's product and shipment progress, Upton said: "So quarter one this year was our worst quarter in terms of production and shipment. [...] We did about 750 to 800,000 units in Q1 this year [due to shifting production during the Christmas period]."

With progress being made on filling backlog and availability, Upton said the company expects to move two million units in the second quarter, with the third and fourth quarters of 2023 being "unconstrained."
Television

US Pay-TV Subscriptions Fall To Lowest Levels Since 1992 (variety.com) 53

TV providers in the U.S. collectively lost 2.3 million customers in the first quarter of 2023. "With the Q1 decline, total pay-TV penetration of occupied U.S. households (including for internet services like YouTube TV and Hulu) dropped to 58.5% -- its lowest point since 1992," reports Variety, citing a report from MoffettNathason. "As of the end of Q1, U.S. pay-TV services had 75.5 million customers, down nearly 7% on an annual basis." From the report: Cable TV operators' rate of decline in Q1 reached -9.9% year over year, while satellite providers DirecTV and Dish Network fell -13.4%. In addition, so-called "virtual MVPDs" (multichannel video programming distributors) lost 264,000 customers in Q1, among the worst quarters to date for the segment. "The picture is not one that suggests that a plateau in the rate of decline is coming any time soon," Moffett wrote.

Comcast, the largest pay-TV provider in the country, dropped 614,000 video customers in Q1 -- the most of any single company -- to stand at 15.53 million at the end of the period. Asked about dwindling video business on the company's earnings call, David Watson, president and CEO of Comcast Cable, acknowledged the reality of cord-cutting and said the operator's approach is "to not subsidize unprofitable video relationships." He added, "We'll fight hard, whether it's acquisition, base management or retention. So it's important to us, but we have figured out a way to manage it financially."

Google's YouTube TV was the only provider tracked by MoffettNathanson that picked up subs in Q1, adding an estimated 300,000 subscribers in the period (to reach about 6.3 million) and netting 1.4 million subscribers over the past year. Hulu, meanwhile, has barely grown over the past three years (and loss about 100,000 live TV subs in Q1), Moffett noted, while FuboTV lost 160,000 subscribers in North America in the first quarter to mark its worst quarterly loss on record.
MoffettNathason argues that the "pay TV floor" is between 50 million and 60 million U.S. homes. "As things stand, we expect cord-cutting to grow even worse and the long-theorized 'floor' to be breached."

Slashdot Top Deals