APPLE INC

Apple Is Playing the Long Game With Switch From Qualcomm Modems
18 Aug

Apple Is Playing the Long Game With Switch From Qualcomm Modems

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Apple’s move to drop Qualcomm modem chips won’t have a payoff at the outset, but it could set the stage for bigger things later. Also: The company pushes ahead with a tabletop robot; Google’s new Pixel devices show how far ahead it is in AI; and the iPhone payment chip will be opened up to third parties. Source link lol
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Big Tech Wipeout Turns to Dip-Buyer Bounty as Stocks Surge Back
16 Aug

Big Tech Wipeout Turns to Dip-Buyer Bounty as Stocks Surge Back

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It looked like a reckoning was arriving on August 5, when the Nasdaq 100 tumbled over 5% in the seconds after the opening bell, validating fears that a tech bubble was about to burst. Barely just two weeks and a few rounds of reassuring data later, virtually all those worries are being swiftly swept aside. Source link lol
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Fortnite Publisher Debuts Mobile Storefront After Years in Court
16 Aug

Fortnite Publisher Debuts Mobile Storefront After Years in Court

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Epic Games Inc. is launching a new mobile storefront Friday after four years of legal wrangling with Apple Inc. and Alphabet Inc.’s Google over their app-store practices.Chief Executive Officer Tim Sweeney expects Epic Games’ mobile versions of the popular titles Fortnite, Rocket League and Fall Guys to draw in gamers on Android devices worldwide and iOS products in the European Union. By the end of the year, the company wants to attract 100 million new installs on mobile devices, which are responsible for half of the $188 billion games market. Source link lol
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Alphabet Shares Face Months of Uncertainty on New Breakup Risk
15 Aug

Alphabet Shares Face Months of Uncertainty on New Breakup Risk

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Alphabet Inc. investors are facing a long period of uncertainty as they grapple with a scenario they previously saw as unlikely: a possible breakup of Google.A bid to break up Google is being considered by the Justice Department, Bloomberg News reported Tuesday, with the most likely units for divestment the Android operating system and the Chrome web browser. The news surprised Wall Street, which had seen a breakup as unlikelyBloomberg Terminal even after a federal judge ruled earlier this month that Google has illegally monopolized the search market. Source link lol
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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 Pushes Ahead with Tabletop Home Device in Shift to Robotics
14 Aug

Apple Pushes Ahead with Tabletop Home Device in Shift to Robotics

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Apple Inc., seeking new sources of revenue, is moving forward with development of a pricey tabletop home device that combines an iPad-like display with a robotic limb. The company now has a team of several hundred people working on the device, which uses a thin robotic arm to move around a large screen, according to people with knowledge of the matter. The product, which relies on actuators to tilt the display up and down and make it spin 360 degrees, would offer a twist on home products like Amazon.com Inc.’s Echo Show 10 and Meta Platforms Inc.’s discontinued Portal. Source…
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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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