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Afternoon intel: What to expect from Apple’s Q4 earnings 

Apple‘s Q4 earnings report will be out tomorrow. We’re expecting sales numbers for the iPhone 7 and Apple Watch, but chances are they won’t be meaningful until next quarter due to supply shortages. Also on our radar: iPad sales, which climbed up last quarter.

• Speaking of the Apple Watch: Smartwatch sales last quarter amounted to 2.7 million, down 51.6% from Q3 2015. As an IDC analyst said, “It has also become evident that at present smartwatches are not for everyone.” Indeed. 

Samsung is really worried about losing customers. A new upgrade program will allow owners of the recalled Galaxy Note 7 phone to trade it for a Galaxy S7 and then upgrade to either a Galaxy S8 or Galaxy Note 8 next year

• The New York Times just bought The Wirecutter—the product recommendation site founded by technology journalist and former Gizmodo editor Brian Lam—for $30 million. 

• We don’t know yet how AT&T’s acquisition of Time Warner is going to pan out—but man, have there been some bad corporate mergers. PM