Apple’s chief iPhone supplier will increase investments outside of China as consumer electronic demand weakens. Foxconn, the world’s largest contract electronics manufacturer, released earnings Wednesday (Mar. 15) that projected flat revenue for the first quarter and full year, with lower demand for consumer electronics offset by other...
Apple is delving into live shopping to entice consumers as it deals with rising costs. The tech giant on Tuesday (March 14) debuted “Shop with a Specialist over Video,” which lets shoppers interested in buying an iPhone can communicate via video with a salesperson, browse...
Apple is reportedly cutting costs, though not making deep cuts and layoffs like its peers. The tech giant is delaying some bonuses, limiting hiring and reducing travel, Bloomberg reported Tuesday (March 14), citing unnamed sources. Apple did not immediately reply to PYMNTS’ request for comment....
Apple’s vice president of cloud engineering is reportedly leaving the company. Michael Abbott is set to leave the post in April after five years and his responsibilities are to be taken over by Jeff Robbin, the creator of iTunes, Bloomberg reported Friday (March 3), citing unnamed sources. Apple...
Consumers worldwide are reportedly flocking more and more to iPhones over Android devices. That shift, driven by younger consumers, could give Apple the same global market dominance it already captured in the United States, The Wall Street Journal (WSJ) reported Monday (Feb. 27). Apple’s market...
Taking part in Apple’s Pay Later service might depend on your history with Apple. The company will apparently evaluate potential customers based on their past spending with Apple, and even the Apple devices they own, Bloomberg News reported Tuesday (Feb. 14). In addition, eligibility for...
Bank of America is reportedly seeing “muted” growth in Apple’s App Store revenue. In a note to clients Thursday, BofA analyst Wamsi Mohan wrote that revenue has grown just 1% year over year in the company’s second quarter. His findings, reported by Seeking Alpha, showed...
Showing little immunity to macroeconomic headwinds crimping its hardware side, Apple services including payments and subscriptions showed strength in its fiscal 2023 first quarter. On its FY23 Q1 earnings call on Thursday (Feb. 2), Apple CEO Tim Cook said revenue of $117.2 billion for the...
Apple will soon provide more information about its removal of apps from its App Store. Apple told investors that its Transparency Report will include information about the legal basis for countries’ requests for it to remove apps, The Financial Times (FT) reported Wednesday (Jan. 11)....
