iphone

Hedge Funds Add Apple, Reshuffle Technology Portfolio
14 Aug

Hedge Funds Add Apple, Reshuffle Technology Portfolio

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Hedge funds continued to buy into some of the biggest technology companies including Apple Inc. in the second quarter while trimming positions in Nvidia Corp., as they reshuffle their positions in the artificial intelligence boom that had fueled a blistering rally in the US stock market.The iphone maker saw the biggest increase by market value for a single stock in the three months through the end of June, according to Bloomberg’s analysis of data from 13F filings. The stock soared nearly 25% during the period, attracting an aggregated net buy of more than 8.5 million shares from hedge funds. Janus…
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Apple is finally opening up NFC to third-party developers in iOS 18.1
14 Aug

Apple is finally opening up NFC to third-party developers in iOS 18.1

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Apple isn’t just opening up Near-Field Communication (NFC) access in the European Union; it’s offering third-party access to functions like tap-to-pay in the US and other regions. The company posted a notice on Wednesday announcing that third-party developers can start implementing their own contactless transaction systems through an API in the upcoming iOS 18.1.The move follows Apple’s “legally binding” agreement with the European Commission last month to comply with EU regulations — specifically, the Digital Markets Act (DMA). That followed a four-year investigation by the governing body that found Apple liable for restricting rival mobile wallet developers from accessing the…
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Apple to Open Payment Chip to Third Parties and Charge Fees
14 Aug

Apple to Open Payment Chip to Third Parties and Charge Fees

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Apple Inc. will begin letting third parties use the iPhone’s payment chip to handle transactions, a move that allows banks and other services to compete with the Apple Pay platform.The move, announced Wednesday, follows years of pressure from regulators, including those in the European Union. Apple said it will allow developers to use the component starting in iOS 18.1, an upcoming software update for the iPhone. The payment chip relies on a technology called NFC, or near-field communication, to share information when the phone is near another device. Source link lol
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Tencent Says in Talks With Apple About Mini Games Mobile Revenue
14 Aug

Tencent Says in Talks With Apple About Mini Games Mobile Revenue

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Tencent Holdings Ltd. acknowledged for the first time it’s in discussions with Apple Inc. about sharing the revenue that flows through its popular WeChat mini games, a potentially significant move for China’s mobile developer ecosystem.The Chinese company is exploring ways to offer in-app transactions via Apple’s iOS payment system, Chief Strategy Officer James Mitchell told analysts on an earnings call. Such a change would enable the US firm to begin taking a cut of in-game transactions. Source link lol
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The best iPhones for 2024: Which model should you buy?
14 Aug

The best iPhones for 2024: Which model should you buy?

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Original release date: September 22, 2023 | Storage capacity: 128GB, 256GB, 512GB, 1TB | Screen size: 6.1 inches | Features: A17 Pro chip, Always-on 120Hz ProMotion display, USB-C port (USB 3.0), Titanium frame, 3x telephoto lens | Color options: Natural Titanium, Blue, White, Black | Dimensions: 5.77 x 2.78 x 0.32 inches | Weight: 6.60 ounces The iPhone 15 Pro is the model we’d currently recommend for most people. Yes, its starting price of $999 might be steep, but a smartphone is a long-term investment. If the question is “which iPhone is most likely to keep you happy for the…
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IPhone Maker Hon Hai Beats Profit Estimates Thanks to AI Boom
14 Aug

IPhone Maker Hon Hai Beats Profit Estimates Thanks to AI Boom

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Apple Inc.’s main manufacturing partner Hon Hai Precision Industry Co. said it expects revenue to grow in the current quarter and for the rest of year, after reporting a profit rise boosted by demand for servers powering AI applications.The iPhone producer, also known as Foxconn, said on Wednesday that net income in the June quarter was NT$35 billion ($1.1 billion), largely in line with analyst expectations. Hon Hai’s revenue for the period, released earlier, surpassed estimates and came in at NT$1.55 trillion, up 19%. This was helped in large part by its growing business of supplying data center operators with…
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Google’s Osterloh Looks to Get Jump on Apple With Earlier Launch
12 Aug

Google’s Osterloh Looks to Get Jump on Apple With Earlier Launch

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With its hardware event on Tuesday, Alphabet Inc.’s Google is trying to outshine Apple’s annual iPhone launch — and is letting longtime executive Rick Osterloh take center stage.Osterloh, the former president of Motorola who joined Google in 2016, will helm the first major product launch after the company this year unified under his leadership the teams developing hardware and the Android operating system. The reorganization expanded Osterloh’s influence in the company and signaled that Google intends to compete in hardware for the long term. Source link lol
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Apple’s iPhone 16 Will Keep Sales Stable Until Bigger Changes Arrive
11 Aug

Apple’s iPhone 16 Will Keep Sales Stable Until Bigger Changes Arrive

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Apple’s iPhone 16 will keep sales stable until more innovative models are ready next year. Also: A smaller Mac mini is underway; iOS 18’s Photos app changes course; and why the company is moving to a plastic version of its SE watch. Source link lol
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Buffett’s Apple Share Dump Is Set to Reshape Major Stock Gauges
09 Aug

Buffett’s Apple Share Dump Is Set to Reshape Major Stock Gauges

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Warren Buffett’s sudden sale of a huge pile of Apple Inc. shares has come with a surprise silver lining for investors in the iPhone maker: Its influence in major stock indexes is set to be fully unleashed.Apple’s weighting in a slew of benchmarks has been depressed for years because Buffett’s Berkshire Hathaway Inc. tends to hold its investments for the long run, making them unavailable for trading. As a result, index providers calculated the tech company’s weight based on a methodology known as float-adjusted market capitalization. Source link lol
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