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...
Apple has revealed plans to make parts, tools and documentation necessary for repairing iPhones and computers available to independent repair shops and consumers across the United States. This move comes as Apple backs a national right-to-repair bill, Reuters reported Tuesday (Oct. 24), citing the White House. Apple...
Apple is reportedly offering its fans a pre-Halloween treat: a glimpse at new Mac laptops. As CNBC reported Tuesday (Oct. 24), the tech giant has sent out invitations for a launch event due to be streamed on its website Oct. 30. The report notes that the laptops are...
Apple CEO Tim Cook reportedly made an unannounced visit to China, one of the company’s largest markets and a manufacturing hub, as iPhone sales decline and government scrutiny intensifies. Cook’s visit included meetings with senior officials, visits to Apple stores and a tour of a key supplier’s...
Chinese consumers are reportedly less enthusiastic about the iPhone 15 than the iPhone 14. Separate analyses, shared in a report Monday (Oct. 16) by Bloomberg News, show that sales of Apple’s most popular product trail those of its predecessor, a sign of both lukewarm consumption and competition from companies...
