Apple’s aggressive discounting campaign in China apparently did not prevent it from losing market share. The tech giant ended May with 11% of the Chinese smartphone market, even as iPhone sales climbed 0.9% year over year, Seeking Alpha reported Monday (July 1), citing findings from investment firm UBS....
Apple’s devices are lasting longer, so customers don’t trade up as often. And as Bloomberg News reported Sunday (June 30), that could make the tech giant’s artificial intelligence (AI) efforts all the more important. To be clear, the report said, Apple is trying to make...
Apple’s iPhone sales in China reportedly rebounded after falling earlier this year. Shipments of foreign-branded phones in the country reached 5.028 million in May, up from 3.603 million a year earlier, Reuters reported Friday (June 28), citing data from the China Academy of Information and...
In a groundbreaking move, the European Commission has accused Apple of stifling competition on its App Store, making it the first time EU regulators have used new digital rules against a Big Tech company. The accusations come as part of the EU’s effort to enforce...
Apple will reportedly withhold several new technologies from consumers in the European Union (EU). The company will block the release of Apple Intelligence, iPhone Mirroring and SharePlay Screen Sharing in the EU this year, citing the Digital Markets Act (DMA) as the reason, Bloomberg reported Friday (June 21). “We are concerned that...
Apple has reportedly paused its work on its next high-end Vision Pro mixed-reality headset and chosen to focus on a more affordable, less full-featured version. The company originally planned to offer two models of the Vision — as it does with its iPhone — but...
Apple has reportedly made concessions to end a European Union (EU) antitrust investigation into its mobile payments system. The tech giant will give its rivals more access to its contactless technology, thereby avoiding a fine, the Financial Times (FT) reported Tuesday (June 18), citing unnamed sources. Without commenting...
When will Apple and OpenAI’s new partnership make money for either company? According to a report Wednesday (June 12) from Bloomberg News, not right away. As covered here, Apple announced earlier this week that it would integrate OpenAI’s artificial intelligence (AI) model ChatGPT into its...
The title of “World’s Most Valuable Company” belongs to Apple once again. As of mid-afternoon Wednesday (June 12), the iPhone maker’s market capitalization stood at $3.38 trillion, putting it ahead of Microsoft — $3.29 market cap — for the first time in months. The company’s...
