pymnts Profile:
Apple Inc. (NASDAQ: AAPL)
Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services.
Anthropic Expands Enterprise Offering With Claude Chatbot on iPhone
May 1, 2024Artificial intelligence (AI) company Anthropic is launching its first smartphone app and a new enterprise subscription plan to expand the reach of its Claude chatbot. The San Francisco-based company, which focuses ...Read moreSamsung Overtakes Apple in Smartphone Sales, Driven by On-Device AI
April 30, 2024Samsung overtook Apple to become the world’s highest-volume seller of smartphones in the first quarter. To become the new holder of the No. 1 spot, Samsung shipped 60 million units during the quarter, independent ...Read moreApple Beefs up AI Talent Pool by Recruiting From Google
April 30, 2024Apple has reportedly hired away dozens of artificial intelligence experts from Google. That’s according to a Tuesday (April 30) report by the Financial Times (FT), which analyzed hundreds of LinkedIn profiles, along with job postings ...Read moreApple’s App Store and iPhone Challenges Create Services and Ecosystem Headwinds
April 29, 2024Thursday (May 2) will see Apple announce its latest quarterly earnings results. Amid the volatility of hardware sales that springs to mind, there may be signs of pressure as the tech giant seeks to expand its ...Read moreApple Gets Six Months to Bring iPad Under EU Law
April 29, 2024European regulators are giving Apple six months to bring its iPad up to code. The European Commission said in a Monday (April 29) news release that it designated Apple as a “gatekeeper” ...Read moreReport: Apple and OpenAI Reopen iPhone AI Talks
April 28, 2024Apple has reportedly reopened discussions with OpenAI about integrating artificial intelligence (AI) features into the iPhone. The two tech companies have begun talking about the possible terms of an agreement, and how OpenAI’s ...Read moreApple’s Marketing Head for Vision Pro Retires
April 24, 2024Apple’s head of marketing for its new headset, the Vision Pro, has retired from his role. Frank Casanova has worked at the Big Tech firm for 36 years, according to a Wednesday (April ...Read moreReport: Apple Expected to Launch New iPad Models May 7
April 23, 2024Apple will reportedly launch new products in a May 7 online event. The company sent invitations to the media Tuesday (April 23), and those files feature a graphic that includes the ...Read moreApple Acquires Paris AI Startup Datakalab
April 23, 2024Apple has stepped up its foray into artificial intelligence (AI) by acquiring Datakalab, a Paris-based AI tech startup. The acquisition, finalized on Dec. 17, was quietly noted in a filing with ...Read morePhilippines Wants Binance Yanked From Apple and Google App Stores
April 23, 2024Cryptocurrency giant Binance could soon find it harder to do business in the Philippines. The country’s Securities and Exchange Commission (SEC) on Tuesday (April 23) called on Apple and Google to remove Binance’s app from their app ...Read more
Apple’s App Store and iPhone Challenges Create Services and Ecosystem Headwinds
April 29, 2024Thursday (May 2) will see Apple announce its latest quarterly earnings results. Amid the volatility of hardware sales that springs to mind, there may be signs of pressure as the tech giant seeks to expand its ...Read moreApple Gets Six Months to Bring iPad Under EU Law
April 29, 2024European regulators are giving Apple six months to bring its iPad up to code. The European Commission said in a Monday (April 29) news release that it designated Apple as a “gatekeeper” ...Read moreRegulations, Innovations and AI Define This Week in Big Tech
April 18, 2024Big Tech companies, including Meta, Alphabet (Google), Amazon, Apple and Microsoft, aren’t getting any smaller. Not only do these businesses represent many of the world’s most valuable public companies by market capitalization, but ...Read moreWill Virtual Card Numbers Spark a Rush to Spend Apple Cash?
April 10, 2024For Apple — and as been seen already with Block (formerly Square) — the drive is to get consumers to spend the cash, rather than just bank it. Apple, of course, ...Read moreApple Accused of Limiting Russian Users’ Banking Options
April 4, 2024Russia says the country’s Apple users don’t have full access to payments and banking services. As Reuters reported Thursday (April 4), Russia’s antitrust regulator, the Federal Antimonopoly Service (FAS), has written to Apple about ...Read morePrivacy Dynamics Return to Forefront of Connected Consumer Concerns
April 2, 2024In a dynamic connected economy landscape, where every click, swipe and tap leaves a digital footprint, the notion of privacy has become an elusive concept, sought after yet increasingly challenging ...Read moreFrom Crypto to Coffee, Digital Wallets Signal Shifting Financial Landscape
March 22, 2024With Thursday’s (March 21) Department of Justice (DOJ) antitrust suit against Apple, digital wallets are top of mind. And moving over to the Web3 space, on Wednesday (March 20) Bitget Wallet, ...Read moreAntitrust Suit Alleges Apple ‘Inhibits’ Cross-Platform Digital Wallets
March 21, 2024Among the allegations contained in the U.S. government’s antitrust suit against Apple — as the tech giant is accused of acting as an anti-competitive monopoly in the smartphone market: Apple, said ...Read moreWearables Spark Contactless Payment Evolution Amid Ongoing Apple EU Antitrust Case
March 21, 2024In an age where technology continues to evolve at an exponential pace, the integration of smart devices into consumers’ daily routines has become increasingly prevalent. From smartphones to smartwatches, these devices have not ...Read moreTracking Big Tech’s Responses to the EU’s DMA Gatekeeper Requirements
March 20, 2024Under the EU’s Digital Market Act (DMA), which is intended to increase competition in the digital economy, Big Tech innovations — coming from both the U.S. and abroad — are ...Read more
Apple Cash Adds Virtual Card Numbers, Enabling Spending at More Merchants
April 9, 2024Apple Cash cards now have virtual card numbers, enabling users to securely spend their Apple Cash at merchants that don’t accept Apple Pay. This change was included among updates to Apple Cash terms ...Read moreSunrate Adds Apple Pay to Payment and Treasury Management Platform
April 8, 2024Sunrate has added Apple Pay to its global payment and treasury management platform. This new option offers the company’s commercial credit card customers a safer, more secure and private way to pay, Sunrate said ...Read moreThe Apple Pay Threat Facing Banks
March 18, 2024A friend was preparing for a once-in-a-lifetime yoga retreat to a fancy resort in Malaysia. The trip was a long one with stopovers in Qatar and two days in Kuala ...Read moreEuropean Commission Asking Retailers and Rivals About Apple Pay
May 10, 2023The European Commission (EC) is reportedly seeking information about Apple Pay from retailers and Apple’s rivals. The requests by the antitrust regulators of the EU were sent out three months after ...Read moreEU Targets Apple Pay’s Exclusive Access to iPhone NFC Chip
November 16, 2022Since the launch of the iPhone 6, all subsequent models of Apple’s smartphone have enabled contactless payments with the Apple Pay mobile wallet using near field communication (NFC) technology. And unlike ...Read moreClass-Action Lawsuit Accuses Apple Pay of $1B a Year in Illegal Fees
July 18, 2022A class-action lawsuit in federal court accuses Apple of using its Apple Pay to illegally profit from payment card issuers, taking in $1 billion a year in fees in violation ...Read moreIs Apple Pay Later Really a Threat to Affirm and Other BNPL Providers?
June 13, 2022Apple’s Project Breakout finally broke out a week ago today at Apple’s WWDC. It was then that Apple confirmed what was probably one of the worst kept secrets in payments: ...Read moreiPhone-to-iPhone Tap to Pay Launches at Apple Stores
May 25, 2022Apple will begin rolling out its new Tap to Pay feature for the public, a report said Wednesday (May 25). The feature was unveiled in February and lets iPhones that were ...Read moreApple Said to Eye Grocery Delivery for Apple Pay
May 8, 2022Apple may be seeing new updates for Apple Fitness+ and Apple Pay, and the company is also reportedly looking into a grocery ordering service focusing on nutrition, according to a ...Read moreApple, Google Mobile Payments Systems Stop Supporting Russia’s Mir Card
March 27, 2022Apple has closed a loophole that was allowing some Russians to keep using its mobile payment service even though the economic sanctions have been ongoing, an Engadget report says. The company ...Read more
Walmart Debuts ‘bettergoods’ in Massive Private Label Expansion
April 30, 2024Walmart is expanding its private-label offerings with the debut of “chef-inspired” food brand bettergoods. Announced Tuesday (April 30), bettergoods represents Walmart’s largest private-brand food rollout in two decades, the company said in a news ...Read moreWalmart Grows Omnichannel Capabilities for Shoppers ‘Seeking Convenience’
April 26, 2024Walmart has been expanding its omnichannel capabilities across its three segments: Walmart U.S., Walmart International and Sam’s Club. The company’s people and technology are dedicated to giving customers the opportunity to ...Read moreTrove CEO: Consumers Look to Brands for Streamlined Resale Experiences
April 26, 2024Tired of proverbially picking their way through online resale marketplaces, consumers are looking for more streamlined secondhand shopping experiences that more closely resemble the ease and simplicity of buying new. In ...Read moreAmazon Announces Prime Day’s Return as Shoppers Flock to Seasonal Deals
April 26, 2024With consumer spending increasingly motivated by deals and seasonality, Amazon is gearing up for its tenth-ever Prime Day savings event, as Doug Herrington, CEO of Worldwide Amazon Stores, announced via ...Read moreConsumers Want to Personalize Shopping With Extended Reality
April 25, 2024As consumers demand more immersive, captivating eCommerce journeys, many are increasingly interested in adopting extended reality — augmented reality (AR) and virtual reality (VR) — to improve their shopping experience. Take ...Read moreAmazon and Walmart Race to Integrate Commerce and Content
April 19, 2024As shopping and entertainment become increasingly intertwined, Amazon and Walmart are looking for new ways to drive sales via content. On Tuesday (April 16), Amazon Live announced a new interactive, shoppable channel called FAST Channel on Prime Video and Amazon ...Read moreUS Retail Inventories Climb in February
April 15, 2024Retail inventories climbed in February after being flat the prior month. According to the Commerce Department’s Monthly Retail Trade and Food Services report released Monday (April 15), inventories rose 0.6% month over ...Read moreRetailer Concerns About Organized Crime Escalate Amid Ongoing Losses
March 18, 2024As retailers face ongoing margin pressures from a difficult economic environment, many are growing increasingly concerned about the losses they may be accruing from theft from organized crime gangs. A recent Alameda ...Read moreKohl’s Takes Baby Steps Toward Growth With New Babies ‘R’ Us Partnership
March 12, 2024As Kohl’s finds partnerships to be a bright spot in an otherwise challenging retail environment, the department store chain is teaming up with Babies “R” Us to further expand its ...Read moreRetailers Grapple With Mounting Pressures as Middle Class Takes a Hit
March 8, 2024As ongoing economic pressures shrink the middle class, retailers are being challenged to either cut prices and step up their deals and discounts or make a play for high-income consumers. Indeed, ...Read more