Apple Inc. (NASDAQ:AAPL) had a busy week with a collection of occasions that would probably influence the corporate’s future. Right here’s a fast recap of the newest information surrounding the tech large.
Apple’s App Retailer Income Jumps 10%
Apple’s App Retailer income soared by 10% within the September quarter, reaching $8.7 billion. The expansion was accompanied by a 2.5% rise in downloads, which reached 9 billion. The corporate additionally witnessed a shift in income combine, with classes like Productiveness and Photograph & Video exhibiting regular development. This pattern signifies a long-term demand for AI-powered apps.
Analyst Timothy Arcuri believes that the App Retailer’s sturdy efficiency is an indication of Apple’s potential for future development. Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) additionally skilled a ten% enhance in its app retailer income.
Learn the complete article right here.
Apple Purges ICE Monitoring Apps After Pam Bondi’s Warning
Apple eliminated all apps that allowed customers to trace and report the situation of Immigration and Customs Enforcement (ICE) officers from its App Retailer. The app, ICEBlock, was developed in April and allowed customers to trace the situation of ICE officers and obtain notifications in the event that they had been inside a five-mile radius.
Apple determined to take away the app and comparable ones from the App Retailer as a consequence of security dangers. This choice adopted a warning from former Florida Lawyer Common Pam Bondi, who known as the monitoring apps a “pink line that can’t be crossed.”
Learn the complete article right here.
Gene Munster Says Imaginative and prescient Professional Appears Like iPhone-Maker’s Greatest Miss Since Newton
Apple reportedly paused work on a less expensive Imaginative and prescient Professional headset to give attention to sensible glasses improvement. Bloomberg’s Mark Gurman reported that Apple introduced the event of its lighter, cheaper Imaginative and prescient Professional mannequin to a cease. This mannequin was slated for launch in 2027.
See Additionally: Power Shares Surge On AI Hype: Plug, FuelCell, Bloom – Benzinga
Analyst Gene Munster believes that this transfer may very well be Apple’s greatest miss because the Newton. Nevertheless, he additionally predicts that Apple’s push will ship glasses that probably outshine these of Meta Platforms Inc. (NASDAQ:META).
Learn the complete article right here.
iPhone 17 Outsells On Pace, Not AI Hype: Analyst
Apple is experiencing sturdy momentum for its iPhone 17 Sequence, pushed by loyal customers upgrading to premium fashions. The sustained demand for high-end units and regular development in wearables and providers underscore the corporate’s resilience.
Regardless of shifting client priorities and international dangers, JPMorgan’s newest annual client survey signifies a robust improve cycle for the iPhone 17 Sequence, with present iPhone customers driving volumes. Nevertheless, curiosity from Android switchers is softer in comparison with final 12 months.
Learn the complete article right here.
What Occurred: Apple Hit With Federal Lawsuit Over Retailer Supervisor’s Harassment Of Jewish Worker
Apple Inc. is dealing with a federal lawsuit after a U.S. company accused the corporate of non secular discrimination and retaliation in opposition to a Jewish worker who says he was harassed and finally fired.
Regardless of the decline, the inventory remains to be up 4.42% year-to-date. On Tuesday, the Equal Employment Alternative Fee filed the criticism within the Alexandria, Virginia, federal court docket.
Learn the complete article right here.
Learn Subsequent:
Disclaimer: This content material was partially produced with the assistance of AI instruments and was reviewed and printed by Benzinga editors.
Photograph courtesy: Shutterstock
Keep forward of the curve with NextBusiness 24. Discover extra tales, subscribe to our publication, and be part of our rising group at nextbusiness24.com
