Apple has reportedly decided to end its credit card partnership with Goldman Sachs. The tech giant has proposed an exit from the contract within the next 12 to 15 months, marking a swift turnaround for a program that was initially extended through 2029, The Wall...
Apple’s sales of iPhones are reportedly running lower than historical trends, while store inventories are up. Among the devices, there has been healthy demand for the iPhone 15 Pro and Pro Max — but this has only partially offset slower sales of the iPhone 15...
Apple is reportedly facing a lawsuit filed by four users of Venmo and Cash App. The lawsuit alleges that Apple has abused its market power in the mobile peer-to-peer payment industry, limiting competition and inflating prices, Reuters reported Monday (Nov. 20). The plaintiffs argue that these actions by...
Apple has reportedly revealed its plans to adopt the technological standard known as RCS (rich communication services) for smoother text messaging between iPhones and Android devices. This decision marks a significant change for the company, which had previously resisted adopting RCS despite pressure from industry players...
Apple shares reportedly experienced a decline after the company issued a warning Thursday (Nov. 2) about a lackluster holiday quarter. The stock initially fell more than 3% before trading opened, but later pared losses to 1.5% after a U.S. jobs report suggested a potential pause in...
Apple’s services notched double-digit revenue growth in the quarter, and management pointed to continued consumer enthusiasm for content, subscriptions and payments. CEO Tim Cook noted on the earnings call Thursday (Nov. 2) that in services, “We set an all-time revenue record with double-digit growth and...
The Dutch Authority for Consumers & Markets (ACM) has reportedly ruled that Apple’s commission on certain app subscriptions violates the European Union’s antitrust rules. This decision comes after a long-standing clash between the ACM and Apple, highlighting concerns about the company’s market power and the fairness of the...
Apple faces a potential ban on importing its watch following a recent trade commission ruling. The U.S. International Trade Commission (ITC) issued an order last week that found that Apple’s watch violates medical technology company Masimo’s patent rights, Masimo said in a Thursday (Oct. 26) news release....
Apple has reportedly launched Apple Pay Later for all qualifying U.S. residents. Available on an invite-only basis since March, the buy now, pay later (BNPL) feature is now accessible in the Wallet app on the iPhone, MacRumors reported Tuesday (Oct. 24). Apple did not immediately reply to PYMNTS’ request...
