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Apple’s stock dips and Verizon’s recovers during iPhone event

Earlier today Apple announced a slew of new hardware. In case you’ve not yet caught up, there’s a $99 HomePod Mini coming, new iPhones, a new method for shouting at your electronics, the return of MagSafe, some cost-cutting masquerading as environmentalism and, of course, new flagship phones.

And in a move that caused telecom investors to sit up straight and pay attention, Apple trotted out Verizon CEO Hans Vestberg for part of the presentation — which is why we add our parent company’s parent company to our usual post-Apple-event share price reaction roundup.

Market reaction

Shares of Apple were mixed before the event, managing to work their way back to flat during morning trading ahead of the event. Down before Apple kicked off its iPhone shebang, equity in the phone giant dipped and then rallied as the event got underway.

But the partial erasure of losses was short-lived, and Apple wound up losing ground during the presentation (chart via YCharts, annotations via TechCrunch):

For Apple shareholders then, not a day worth writing home about.

The Apple event appeared to have a more electric impact on my employer. See if you can spot the point at which Verizon appeared as part of the event (chart via YCharts, annotations via TechCrunch):

Now that is the sort of reaction that we hope to see from events of this sort. Why? Because it implies that the company on stage has managed to do something so notable that its share price moved; this is another way of saying that investors were surprised by what they learned.

Apple events tend to leak in advance these days, so perhaps the usual lack of share price movement from the company’s equity is to be expected.

Verizon’s news, in contrast, was more of a surprise. The company “announce[d] its nationwide 5G network” in the words of The Verge. Investors liked that, but later sold the company’s shares back down a bit.

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Google now has three mid-range Pixel phones

The Pixel has always been a mixed bag. The first-generation product was announced roughly this time four years ago, with Google finally offering a full-throated entry into the smartphone space after years of device partnerships.

Of course, by 2016, the market was already mature — particularly for Android phones. But while it was easy to write off those initial devices as Nexus-like references for future software updates, Google made it clear that it was taking the line seriously. It put any doubts to rest two years later, with its $1.1 billion acquisition of the design team from a struggling HTC.

But Google’s had struggles of its own. Slow Pixel 3 sales left the company in a tough spot, as the overall market took a hit. Google was able to correct the ship with the launch of the Pixel 3a, joining the likes of Apple and Samsung in offering budget versions of its smartphone flagship as consumers grew weary of premium prices.

It’s a strategy that makes sense. Two primary devices: a flagship and a budget model. Of course, the line has never been particularly clear for Google. For one thing, the company just doesn’t chase premium hardware in the same way that Apple, Samsung or Huawei does. Rather, it insists setting itself apart with its software — even for things like imaging. That often results in a less pronounced gap between devices. It also dulls the company’s edge with features that, more often than not, come to other Android devices.

But today’s hardware event blurred those lines more than ever. The dual-launch of the Pixel 5 and 4a 5G was arguably the most confusing element about a morning event with words “Launch Night” in its title.

Image Credits: Google

While pre-show rumors and leaks revealed a lot about the devices that ultimately proved true, they didn’t do much to distinguish the differences between the products. Turns out there’s an obvious reason: There really isn’t that much of a difference. If anything, the 4a 5G feels like a stepping stone toward the Pixel 5 — a device that would, perhaps, more fittingly have been named the Pixel 5a, if the company’s naming conventions worked that way.

We already knew that both devices were going to sport 5G. That seems to be Google taking advantage of Qualcomm’s aggressive push to bring the next-gen wireless technology to more budget devices. Really, the big driver here is that both devices utilize the same processors: Qualcomm’s Snapdragon 765G. It is, as I’m sure you’re aware, a mid-tier processor. It’s a step down from the 865 currently found in the majority of this year’s flagships.

Likely, the decision was a cost-cutting measure, but we’ve seen evidence from a number of manufacturers that it’s possible to produce an 865-sporting device priced in the middle six digits. Both devices also sport the same dual-camera set up on the rear and the same resolution screens — though the 4a 5G’s is actually bigger (albeit with a lower pixel density), at 6.2 inches to the 5’s 6.0.

There are some differences between the products to justify the $200 pricing gap. For starters, the 5 features a 100% recycled aluminum body, whereas the 4a 5G is polycarbonate. The cheaper phone lacks waterproofing and the reverse wireless charging found on the 5. It also sports a smaller battery, though both devices have been upgraded in that respect over the 4 and 4a. Battery life, after all, was the biggest complaint against the Pixel 4 — and either way you’re going to need more milliamp hours to handle the strains of 5G and, in the case of the 5, reverse charging.

So, are you clear on all of this? Me neither, to be honest. Google’s smartphone line now contains three devices. There’s a mid-tier handset, a slightly lower-mid-tier handset and an even lower-mid-tier handset. That’s three distinct devices with about a $300 price difference, all released within months of one another. It’s as if Google saw the 3a’s successes and decided “screw it, we’re making all of our products mid-range.” Affordability isn’t a bad thing, of course, but if you’re going to release three separate products over roughly a two-month span, you owe it to yourself and your fans to offer clearer value propositions.

Some of this is going to self-correct. For starters, it seems likely that the three devices will turn into two by this time next year. I don’t foresee the company keeping both an LTE and 5G model around in late-2021. There’s also the fact that the company has been undergoing a bit of an executive shakeup among the Pixel line — something that appears to point to a dramatic rethink of the line. It’s likely that the 4a, 4a 5G and 5 were already pretty far into development when Google started its executive shuffling.

Hopefully all of this will cause the company to rethink the Pixel line from the ground up and determine what Google can bring to the table that the competition can’t.

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The revamped Motorola Razr foldable launches October 2, starting at $1,200

Foldable phones have had…quite the journey over the last few years. The second time appears to have been the charm for the Galaxy Fold, with a far more robust design than the first generation. And now Motorola’s hoping for similar luck with a revamped version of the Razr.

The Lenovo -owned brand announced this morning that the latest addition of the phone will officially launch in North America on October 2. And for a limited time, it will be available from select retailers — including Amazon, Best Buy, B&H and its own site — for $1,200. That’s a $200 initial discount for early adopters with faith that Motorola nailed it this time out.

The original version of the handset, launched last year, had everything working in its favor, from an iconic name to the latest in smartphone devices. Ultimately, however, it ran into poor reviews, keeping with a theme of the initial wave of foldables. It was a big letdown for a legitimately exciting device. Here’s what a spokesperson told TechCrunch about this latest model:

We’re confident in our foldable system, which is why we retained much of the same technology from the first iteration of Razr. While evolving Razr’s design to include 5G, we focused on areas to make mechanical refinements, based on direct consumer feedback.

Announced three weeks back, the new device will arrive in the States in a matter of days, sporting 5G connectivity and a lower price than the original (on top of the aforementioned limited time discount). AT&T and T-Mobile will also be carrying the new model.

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Royole returns with another foldable

I first spent time with the Royole Flexpai at a TechCrunch event in China back in 2018. The device was exciting. It was the first commercially released foldable, after all, before Samsung and Huawei offered their respective takes on the form factor. But ultimately it felt like, at best, a proof of concept. It was a shot across the bow from a little-known Shenzhen-based hardware maker, and ultimately little else.

The last two years have been — let’s say “complicated” for the category. I don’t think anyone was anticipating that $2,000 foldable phones were going to disrupt the industry right out of the gate or anything — especially in a time when more people are spending less money on their mobile devices. But to say foldables got off to a rocky start is something of an understatement. Royole has announced a few more products here and there, but the Flexpai continues to be the company’s most engaging from a consumer perspective.

At an event in Beijing this morning, the company announced the Flexpai 2. The device is similar in design to the first model, which is to say it folds with the screen facing outward. The design makes sense from the standpoint of offering up notifications while closed (there’s a reason the Galaxy Fold 2 got a larger front-facing screen), but now you’ve got two screens to scuff up when the big old device is in your pocket.

The device itself got a bit of screen time during the press conference, though not a ton. For now we mostly have press shots to rely on, which is going to continue to be one of the pain points of covering hardware in the COVID-19 era. Fittingly, the company spent a lot of time talking hinges here — that, after all, was a high profile point of failure for Samsung’s first-gen device.

Here’s how Royole describes it in the press material:

The structure of the hinge is stable and shockproof, providing the great protection for the screen. It has more than 200 precision components with 0.01 mm processing accuracy. The hinge technology holds around 200 patents and solved many issues seen in other foldable smartphones.

Image Credits: Royole

Having had limited time with the Flexpai, I’ll say that robustness didn’t seem like one of the primary issues with a product that had some other first-gen bugs. The thing was pretty massively thick, though — which Royole has addressed with a design here that’s around 40% thinner than the first gen. The display is a generous 7.8 inches — though no mention of whether there’s glass reinforcement, which could be an issue.

There’s 5G support, a healthy 4450mAh battery and a Snapdragon 865 processor. The company updated its waterOS, which is built on top of Android 10 to offer a more seamless foldable experience. It arrives in China this week priced at around $1,427, which is wildly expensive for a standard smartphone, but actually pretty good for a foldable.

U.S. availability is, once again, a big question mark.

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Latent AI makes edge AI workloads more efficient

Latent AI, a startup that was spun out of SRI International, makes it easier to run AI workloads at the edge by dynamically managing workloads as necessary.

Using its proprietary compression and compilation process, Latent AI promises to compress library files by 10x and run them with 5x lower latency than other systems, all while using less power thanks to its new adaptive AI technology, which the company is launching as part of its appearance in the TechCrunch Disrupt Battlefield competition today.

Founded by CEO Jags Kandasamy and CTO Sek Chai, the company has already raised a $6.5 million seed round led by Steve Jurvetson of Future Ventures and followed by Autotech Ventures .

Before starting Latent AI, Kandasamy sold his previous startup OtoSense to Analog Devices (in addition to managing HPE Mid-Market Security business before that). OtoSense used data from sound and vibration sensors for predictive maintenance use cases. Before its sale, the company worked with the likes of Delta Airlines and Airbus.

Image Credits: Latent AI

In some ways, Latent AI picks up some of this work and marries it with IP from SRI International .

“With OtoSense, I had already done some edge work,” Kandasamy said. “We had moved the audio recognition part out of the cloud. We did the learning in the cloud, but the recognition was done in the edge device and we had to convert quickly and get it down. Our bill in the first few months made us move that way. You couldn’t be streaming data over LTE or 3G for too long.”

At SRI, Chai worked on a project that looked at how to best manage power for flying objects where, if you have a single source of power, the system could intelligently allocate resources for either powering the flight or running the onboard compute workloads, mostly for surveillance, and then switch between them as needed. Most of the time, in a surveillance use case, nothing happens. And while that’s the case, you don’t need to compute every frame you see.

“We took that and we made it into a tool and a platform so that you can apply it to all sorts of use cases, from voice to vision to segmentation to time series stuff,” Kandasamy explained.

What’s important to note here is that the company offers the various components of what it calls the Latent AI Efficient Inference Platform (LEIP) as standalone modules or as a fully integrated system. The compressor and compiler are the first two of these and what the company is launching today is LEIP Adapt, the part of the system that manages the dynamic AI workloads Kandasamy described above.

Image Credits: Latent AI

In practical terms, the use case for LEIP Adapt is that your battery-powered smart doorbell, for example, can run in a low-powered mode for a long time, waiting for something to happen. Then, when somebody arrives at your door, the camera wakes up to run a larger model — maybe even on the doorbell’s base station that is plugged into power — to do image recognition. And if a whole group of people arrives at ones (which isn’t likely right now, but maybe next year, after the pandemic is under control), the system can offload the workload to the cloud as needed.

Kandasamy tells me that the interest in the technology has been “tremendous.” Given his previous experience and the network of SRI International, it’s maybe no surprise that Latent AI is getting a lot of interest from the automotive industry, but Kandasamy also noted that the company is working with consumer companies, including a camera and a hearing aid maker.

The company is also working with a major telco company that is looking at Latent AI as part of its AI orchestration platform and a large CDN provider to help them run AI workloads on a JavaScript backend.

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Motorola gives its foldable Razr another go with the addition of a 5G model

Last year’s Motorola Razr reboot should have been a slam-dunk. An iconic name attached to a cutting-edge form factor — what could possible go wrong? A lot, turns out, especially in the world of foldables, where nothing seems to go according to plan. Some questionable design choices gave rise to a poorly reviewed device that continued the trend of foldable stumbles.

This week, however, the reboot is back. And this time, it’s, well, refined. In a blog post announcing the launch of the “New Razr With 5G,” the Lenovo-owned brand is quick to note that, “We’ve heard from consumers that they feel tethered to their devices and want a way to stay connected while still living in the moment.” To put a finer point on it, here’s a quote offered to TechCrunch from a spokesperson:

We’re confident in our foldable system, which is why we retained much of the same technology from the first iteration of Razr. While evolving Razr’s design to include 5G, we focused on areas to make mechanical refinements, based on direct consumer feedback.

In other words, the new Razr is the device that consumer feedback built. Now with 5G. It’s in keeping with the new version of the Galaxy Fold that Samsung recently launched. As many in the industry anticipated, the initial round of foldable devices would bump up against many of the issues commonly attributed to first-generation devices. Here that means an update to things like the hinge, which drew some heat from reviews the first time around.

There’s also an improved camera — another issue with the original. This time out, it’s a quad pixel 48-megapixel sensor with improved low-light shots and faster autofocus. There’s also a 20-megapixel one inside the device. The battery — another pain point on the original — has been upgraded slightly, from 2,510mAh to 2,800mAh. The company says it’s an “all day” battery, though the demands of 5G might have something to say about that. I suspect the demands of thinness really presented a brick wall when it comes to maxing out battery capacity.

The 5G comes courtesy of the Snapdragon 765G processor. That maintains the original’s inclusion of a mid-range processor (710 last time out), but this time Qualcomm has included next-gen wireless in an attempt to speed up adoption. At $1,400, it’s $100 less expensive than the original, but it’s certainly still pricey enough to make a middling processor a definite headscratcher. It’s true you’re paying for the foldable screen here, of course, but at that price, everything really ought to be the latest and greatest.

The new New Razr will be available in the fall.

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As the smartphone market declines, 5G models are set to see continued growth in 2020

Things have gone from bad to worse for a stumbling smartphone market in 2020. Already plateauing and declining figures have taken a big hit from COVID-19. The pandemic has hampered sales of non-essential items, particularly those best enjoyed outside of the home. According to new figures from Canalys, smartphone shipments are set to experience a 10.7% decline for the year.

There are a couple of silver linings worth noting. For starters, 5G adoption continues to grow. The firm projects that some 280 million units will be shipped in 2020, with the Greater China market making up a majority at 62% of the total figure, thanks in part to lower-cost devices like the Realme V3, which retails for less than $150 U.S. — a remarkable price for a product with next-gen wireless.

Image Credits: Canalys

North America is in second place, with around 15% of shipments, while EMEA and Asia Pacific (sans Greater China) are projected to each make up around 11%. A 5G-enabled iPhone 12 should help speed up adoption as well, when it’s launched in the next month or so.

“Smartphone vendors have relentlessly pushed new product launches, as well as online marketing and sales during the post-lockdown period, generating strong consumer interest for the latest gadgets,” analyst  Ben Stanton says in a release. “Gradual reopening of offline stores, improving logistics and production have provided necessary uplift for most markets to move into a more stabilized second half of 2020.”

5G was expected to have a rebounding effect for the industry — though the pandemic quickly hampered those plans. Likely it has gone a ways toward helping prohibit a further slide in sales. And numbers are still expected to rebound somewhat in the 2021, at 9.9% year over year. That’s not quite enough to return things to pre-2020 levels, but would no doubt be a welcome sign for an industry that has shown signs of decline for some time now.

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Samsung’s got a new budget 5G handset and a fitness tracker with a two-week battery

Yesterday’s overflow Galaxy Unpacked event was about one thing and one thing alone: the Galaxy Z Fold 2. Honestly, it was a bit anticlimactic after its predecessor found Samsung unveiling five new devices. But the singular focus wasn’t for lack of new stuff to show off. In fact, the company just unleashed a whole slew of new products across a wide range of categories, including a gaming monitor, charging pad, refrigerator and washing machine.

There are two in particular I’d like to break out here, however: the new Galaxy Fit 2 band and A42 5G handset. The latter in particular is worth highlighting, given the company’s huge push into 5G this year. Samsung is betting big on pushing early and hard on the next-generation wireless tech.

Early this year, the company announced that it would be standardizing 5G across its flagship products. The company has also made a major push toward embracing the tech on its budget devices, including the A7 and now the A42. 5G hasn’t quite turned out to be the market correction the industry was banking on, due in no small part to a slowdown in sales from the pandemic. Certainly few banked on that. But while Apple has yet to announce a 5G iPhone (give it a month or two, mind), Samsung’s already loaded up.

And importantly, the A42 looks like it may be Samsung’s cheapest 5G offering (though we’re still waiting on exact pricing). Honestly, Samsung wasn’t particularly chatty about the device during an IFA-tied event. Though we do know there’s a quad-camera system and a 6.6-inch display. Honestly, one of the most remarkable things about 5G is how quickly affordable devices have hit the market, thanks in part to the efforts of component makers like Qualcomm .

Image Credits: Samsung

The Galaxy Fit 2 is notable mostly for the inclusion of a 15-day battery (per Samsung). It can autodetect five different kinds of workouts and monitors sleep. It’s nice to see Samsung still offering something up to the dwindling tracker market, even as its (and the world’s) focus has clearly shifted over to smartwatches.

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Samsung’s new Galaxy Fold arrives September 18 for $2,000

As far as launches for revolutionary products are concerned, the Galaxy Fold could have gone a lot better. It’s not for lack of hype, of course. Years of prelude punctuated by Samsung’s own breathless expectations provided plenty of build-up, but in the end, the device felt like a partially baked disappointment.

A number of early units broke for a variety of reasons. Samsung recalled the foldable, went back to the drawing board and released it on a delayed timeline. I ran into issues with my second sample pretty quickly. At the end of the day, the device just demanded a level of gingerliness most users can’t really afford with a day-to-day mobile device.

The Galaxy Fold Z 2, which was the centerpiece of today’s Unpacked annex event, is largely devoted to addressing the biggest complaints about the original. Given the issues with the original, that’s about as admirable a goal as any. We were all aware that the Galaxy Fold was going to be a learning process for Samsung — and certainly there’s a certain degree of throwing caution to the wind — but relative to the company’s other device, it just didn’t feel finished.

Image Credits: Samsung

We certainly didn’t feel comfortable advising people to purchase the device for $2,000. The Fold Z 2 is priced the same (which is to say still prohibitively expensive for most), but it could be the product the first gen should have been. I’m going to wait until we’ve had sufficient review time to say anything definitive about the device, but in Samsung’s defense, the company does seem to have addressed most of the major issues with the original — thanks in no small part to some advances introduced with Flip last year.

The biggest update here is the addition of what the company calls “Ultra Thin Glass” to the primary foldable 7.6-inch display. That was one of the largest pain points of the original — as cool as the technology is, it’s not worth a lot if the touchscreen can’t withstand touches. The technology here is more or less the same as what Samsung introduced with the Flip.

Image Credits: Samsung

The same goes for the new “sweeper” technology, which builds in a brush to wick away particles that might otherwise fall into the phone. This was another issue with the original — crap was getting behind the screen, causing damage when pressure was applied to the front by the user. This is the third-generation of the feature, according to Samsung, sporting a thinner brush than the original. Per the company:

To achieve this, Samsung developed new innovative sweeper technology to achieve the same level of protection in a smaller space. The Galaxy Z Fold2 Hideaway Hinge features revolutionary slim cutting technology, modified fiber composition and adjusted fiber density.

That’s a fancy way of saying they made thinner bristles. The hinge has also been improved to allow the device to stand at a variety of angles. That’s going to be an important point as the company looks to compete directly with the likes of Microsoft’s Surface Duo and any other dual-screen devices coming down the road. That’s augmented by Flex Mode (another Flip addition), which reconfigures the screen to make the best use of the partially open display.

Image Credits: Samsung

The other big update here is the addition of a much larger front-facing screen. At 6.2 inches, the front of the device is actually a serviceable display for use while the device is closed. Last time around, the front-facing screen had a weirdly long aspect ratio and wasn’t really great for anything but notifications. The company seemingly took something away from Huawei’s first dip into the foldable category.

The new Fold has 5G support, of course — that’s now standard across the company’s flagships, along with some mid-tier devices. That’s coupled with a beefy 4,500 mAh of battery life (split in two, each behind a display), 12GB of RAM and 256GB of storage. There’s only one memory/storage option for the device for the States, which will run $2,000.

That entitles the buyer to the Galaxy Z Premier service, which includes on-demand support for the phone and a one-time replacement after accidental screen damage. There’s also a bunch of other perks thrown in, like Founders Card membership and access to golfing, or dinner at a Michelin-star restaurant. I would have preferred a pair of Galaxy Buds, to be honest, but Samsung’s really pushing the luxury angle here.

The Galaxy Z Fold 2 is up for pre-order September 2, and starts shipping on the 18th.

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BlackBerry’s smartphone brand switches hands again, set to return as a 5G Android handset

A good brand is hard to kill. Over the past several years, the smartphone space has seen a resurgence of once-mighty mobile brands making a comeback with various degrees of success. HMD’s Nokia phones are probably the best and most successful example, but even Palm had a brief moment in the sun.

And then there’s the case of BlackBerry. TCL surprised the mobile world by bringing the brand raring back with an Android handset that re-embraced the QWERTY keyboard. That, in and of itself, wasn’t enough, of course. But TCL has the chops to deliver quality hardware, and certainly did so with the KeyOne. I know I was surprised the first time I saw one in person behind the scenes at CES a few years back.

Early this year, TCL announced the end of the partnership, noting, “We… regret to share… that as of August 31, 2020, TCL Communication will no longer be selling BlackBerry-branded mobile devices.” From its phrasing, it seemed like a less than amicable end for the deal. But TCL has already moved on to producing devices under its own brand name after years of subsidiaries and branded deals.

All of which brings us to this week’s announcement that a company you’ve never heard of, called OnwardMobility, is bringing the BlackBerry name to hardware for North America and Europe (other branding deals have existed in other markets). It’s a strange deal for starters, due to the fact that OnwardMobility is hardly a household name. It’s based in Austin, Texas, has fewer than 50 employees and was founded in March of last year, perhaps with such a partnership in mind.

After all, while a branding deal is far from a guaranteed recipe for success, it is, at least, a way of getting that first foot through the door. I’m not really sure I would be writing anything about OnwardMobility for TechCrunch dot com at the moment, were it not for the promise of reviving the BlackBerry name yet again. So that’s something. The company’s staff also notably involves some former TCL folk, as well as people involved with the BlackBerry software side of things. Another name that pops up a lot is Sonim Technologies, another Austin-based company that is a subsidiary of a Shenzhen-based brand of the same name. They largely specialize in rugged devices for first responders.

CEO Peter Franklin has both Microsoft and Zynga on his resume, and produced this fairly low-fi YouTube video to explain the company’s mission:

OnwardMobility says it’s a standalone startup. No word yet on investments or investors, though it will certainly be interesting to find out who’s backing this latest push to make the BlackBerry name relevant again. Notably, the company’s not sharing renders yet, either, but says it’s bringing a 5G device to market in 2021, with a physical keyboard and the focus on security that’s long been a key differentiator for the BlackBerry brand.

BlackBerry (the software company) certainly seems to be on board with its new partner here. CEO John Chen had this to say about the deal:

BlackBerry is thrilled OnwardMobility will deliver a BlackBerry 5G smartphone device with physical keyboard leveraging our high standards of trust and security synonymous with our brand. We are excited that customers will experience the enterprise and government level security and mobile productivity the new BlackBerry 5G smartphone will offer.

More or less what you’d anticipate on that front. For now, the news is basically OnwardMobility’s entry onto the scene and announcement of its BlackBerry licensing deal. I’m honestly not sure how much clout the BlackBerry name holds in 2020 — nor do I necessarily believe there’s a critical mass of consumers clamoring to return to the physical keyboard. So OnwardMobility has a lot to prove in an extremely crowded mobile market. I guess we’ll see what it has to offer next year. Stay tuned.

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