pymnts Profile:
Apple Inc. (NASDAQ: AAPL)
Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services.
Report: Apple Developing Face ID-Powered Smart Doorbell Camera
December 22, 2024
Apple is reportedly developing a doorbell camera as it continues to bolster its smart-home offerings. The smart doorbell camera would use Face ID to unlock users’ doors, Bloomberg News’ Mark Gurman ...Read moreOpenAI Launches ChatGPT Support for More Apple Desktop Apps
December 19, 2024
OpenAI launched more integrations of ChatGPT with desktop apps on Apple devices Thursday (Dec. 19), saying these offerings will help users automate more of the work they do on desktops. The new additions ...Read moreApple Faces New EU Call to Open iPhone to Competitors
December 19, 2024
Apple is facing new pressure in Europe to let competitors access its iPhone operating system. The European Commission (EC) on Wednesday (Dec. 18) published a pair of documents covering how the tech giant needs to meet ...Read moreApple Reportedly Pitches Chinese Tech Giants on AI Project
December 19, 2024
Apple is reportedly seeking ways to add AI to its smartphones sold in ChatGPT-less China. The iPhone maker is in discussions with two Chinese tech giants — Tencent and TikTok parent ByteDance — about integrating their ...Read moreGlobal Spending in Apps Rises 15.7% as Developers Push Subscriptions
December 18, 2024
Global consumer spending in mobile apps and games reportedly increased 15.7% year-over-year in 2024, even as the number of app downloads decreased by 2.3%. The year’s spending across Apple’s App Store and Google Play ...Read moreReport: Apple Stops Development of iPhone Hardware Subscription Program
December 18, 2024Apple has reportedly stopped its development of an iPhone hardware subscription program. The company had planned to launch the program in 2022, delayed it until 2023, and has now scrapped it, Bloomberg reported ...Read moreAI Companies Receive 42% of US Venture Capital Investment
December 16, 2024
Venture capital in the U.S. has moved to artificial intelligence (AI) companies at an “unprecedented” rate, HSBC Innovation Banking said Monday (Dec. 16). The scale of capital invested in AI companies ...Read moreApple: Temu Remains App Store’s Most Downloaded Free App
December 16, 2024
Temu was the most downloaded free app in Apple’s App Store in 2024, Apple said Monday (Dec. 16). The app earned that ranking across iPhone and iPad, Apple said in a ...Read moreApple Reportedly Prepping Thinner and Foldable iPhones to Boost Growth
December 15, 2024
After years of smaller updates, Apple is reportedly thinking big by thinking thin. The tech giant plans to debut a new iPhone next year that will be thinner than current models, ...Read moreLawmakers Tell Apple and Google to Prepare for TikTok Ban
December 13, 2024
The Republican and Democratic leaders of a House select committee said Friday (Dec. 13) that TikTok should sell its app and that Apple and Google should be ready to remove TikTok from their ...Read more
CE 100 Index Ends Holiday-Shortened Trading Week 1.4% Higher
December 2, 2024
The holiday-shortened trading week produced a modest gain for the CE 100 Index, which was 1.3% higher. All pillars save one were in the green, with the “Be Well” segment ...Read moreApple Ordered to Lift In-App Purchase Restrictions in Brazil
November 26, 2024
Yet another antitrust regulator has taken issue with Apple’s in-app payment system. As Reuters reported Monday (Nov. 25), Brazil’s Cade says Apple must do away with restrictions on payment methods for in-app purchases. The regulator will also proceed ...Read moreApple Pay’s 10-Year Journey and Its Next Decade of Decisions
October 22, 2024
PYMNTS Intelligence published its annual report on the usage and adoption of Apple Pay yesterday (October 21). That report marked the ten-year milestone of Apple Pay’s launch, which was the ...Read moreApple Enthusiasm Among Teens Dips Despite AI Rollout
October 14, 2024
Have America’s teenagers soured on Apple’s flagship device? Not quite. But enthusiasm about the iPhone among young people appears to have dipped slightly, Seeking Alpha reported Sunday (Oct. 13), citing a ...Read moreEpic Games Suing Google and Samsung Over App Store Competition
September 30, 2024
Epic Games is accusing Samsung and Google of a scheme to block their competition. The maker of the popular Fortnite video game said Monday (Sept. 30) it will sue the companies in federal court. The suit will contend ...Read moreApple Joins California’s Mobile Driver’s License Pilot Program
September 19, 2024
Some California residents can now add their driver’s licenses and state IDs to Apple Wallet. This capability will be rolled out as part of the California DMV’s mobile driver’s license (mDL) ...Read moreMonzo Lets Flex Users Make BNPL Payments via Apple Pay
September 17, 2024
Monzo has begun letting its card customers access Apple’s monthly installment payments offering. The U.K. digital lender announced Tuesday (Sept. 17) that it is launching a credit card feature that lets customers choose monthly payments before ...Read moreHuawei Logs 3 Million Foldable Phone Orders Before Apple Launch
September 9, 2024
Huawei’s foldable smartphone has logged millions of orders, launching ahead of Apple’s AI rollout. As of Monday (Sept. 9) morning, the Chinese company’s website showed 3.1 million customers had pre-ordered the ...Read moreApple’s Slow AI Rollout Threatens iPhone ‘Super Cycle’ Upgrade
September 8, 2024
The launch of Apple’s artificial intelligence (AI) features may take longer than planned. But even as the company staggers parts of its rollout, some analysts are hopeful that the AI features ...Read morePayPal Tackles In-Store Payments With ‘PayPal Everywhere’
September 5, 2024
PayPal is integrating its debit card with Apple Wallet to enter the in-store payment arena. The company announced its omnichannel “PayPal Everywhere” solution Thursday (Sept. 5), and with it an expansion of its rewards program, letting ...Read more
Apple Pay’s 10-Year Journey and Its Next Decade of Decisions
October 22, 2024PYMNTS Intelligence published its annual report on the usage and adoption of Apple Pay yesterday (October 21). That report marked the ten-year milestone of Apple Pay’s launch, which was the ...Read moreApple Shutters Pay Later as It Paves Broader Path for Installment Loans
June 17, 2024
Nearly two years after its initial announcement and about eight months after its nationwide debut, Apple Pay Later is being discontinued. In the wake of that announcement, the company is charting ...Read moreApple Pay Expands Services Ecosystem ‘Off’ iPhone Onto Chrome and Into Installments
June 11, 2024
The first few days of Apple’s annual developer conference, stretching from Monday (June 10) to Friday (June 14), may seemingly be all about artificial intelligence. But a set of announcements Tuesday ...Read moreApple Cash Adds Virtual Card Numbers, Enabling Spending at More Merchants
April 9, 2024
Apple Cash cards now have virtual card numbers, enabling users to securely spend their Apple Cash at merchants that don’t accept Apple Pay. This change was included among updates to Apple Cash terms ...Read moreSunrate Adds Apple Pay to Payment and Treasury Management Platform
April 8, 2024
Sunrate has added Apple Pay to its global payment and treasury management platform. This new option offers the company’s commercial credit card customers a safer, more secure and private way to pay, Sunrate said ...Read moreThe Apple Pay Threat Facing Banks
March 18, 2024
A friend was preparing for a once-in-a-lifetime yoga retreat to a fancy resort in Malaysia. The trip was a long one with stopovers in Qatar and two days in Kuala ...Read moreEuropean Commission Asking Retailers and Rivals About Apple Pay
May 10, 2023
The European Commission (EC) is reportedly seeking information about Apple Pay from retailers and Apple’s rivals. The requests by the antitrust regulators of the EU were sent out three months after ...Read moreEU Targets Apple Pay’s Exclusive Access to iPhone NFC Chip
November 16, 2022
Since the launch of the iPhone 6, all subsequent models of Apple’s smartphone have enabled contactless payments with the Apple Pay mobile wallet using near field communication (NFC) technology. And unlike ...Read moreClass-Action Lawsuit Accuses Apple Pay of $1B a Year in Illegal Fees
July 18, 2022
A class-action lawsuit in federal court accuses Apple of using its Apple Pay to illegally profit from payment card issuers, taking in $1 billion a year in fees in violation ...Read moreIs Apple Pay Later Really a Threat to Affirm and Other BNPL Providers?
June 13, 2022
Apple’s Project Breakout finally broke out a week ago today at Apple’s WWDC. It was then that Apple confirmed what was probably one of the worst kept secrets in payments: ...Read more
Tech Takes the Reins: Digital Innovation Drives Holiday Cheer for Shoppers
December 7, 2024
The holiday shopping season has long been the crown jewel of the retail calendar. But as consumer habits evolve, so too do the tools retailers deploy to attract, engage and ...Read moreWill Instant Refunds Change Retail?
December 4, 2024
December’s dawn brings with it a flurry of retail spending. Gift giving is top of mind, to be sure, but consumers are also treating themselves along the way as promotions ...Read moreWalmart and Amazon Turn to NFL to Score Holiday Shoppers
November 29, 2024
This Thanksgiving, football fans won’t just be watching the game — they’ll be shopping it. NBC announced that during its NFL coverage, viewers can scan an on-screen QR code to ...Read moreRoblox Incents Gamers to Skip the App Store
November 27, 2024
Roblox has begun offering users a new, and apparently permanent deal on its in-game currency. Users who purchase Robux on the web and through gift cards will get 25% more from the ...Read moreLidl Refreshes Brand to Capture Discount Grocery Buyers
October 18, 2024
Lidl reportedly relaunched its brand to stand out among other budget grocers. The company — whose rivals in the United States include fellow German supermarket chain Aldi — introduced a new ...Read moreWalmart and Amazon Race to Address Consumer Price Anxiety
October 18, 2024
Retail giants Walmart and Amazon are reacting to consumers’ anxieties about holiday spending by rolling out more deals earlier. Walmart announced Thursday (Oct. 17) the launch of its Thanksgiving meal deal ...Read moreCompetition for Early Holiday Shoppers Won’t Start With Black Friday
October 2, 2024
As the holiday shopping season approaches, retailers are rolling out early sales strategies to capture consumer spending against a backdrop of economic uncertainty. With inflation concerns and fluctuating consumer confidence influencing ...Read moreNike Faces Headwinds: Revenue Decline Looms Ahead of Tuesday’s Earnings
September 30, 2024
As Nike prepares to report earnings for the first quarter of fiscal 2025 Tuesday (Oct. 1), the company faces significant hurdles marked by a leadership transition and shifting market dynamics. ...Read moreWalmart and Amazon Offer New Payment Options as Consumers Seek Flexibility
September 27, 2024
With consumers increasingly expecting to be able to pay however they want, Walmart and Amazon are adding new payment options. Walmart is working with Fiserv to provide real-time pay-by-bank options, with ...Read moreStarbucks Looks to Its Roots for a Brand Refresh
September 13, 2024
In recent months, Starbucks has grappled with operational and financial challenges, compounding its struggle to maintain market dominance. The company’s difficulties, from a mobile outage to shifting consumer spending habits, underscore ...Read more