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.
Dozens of Apple Employees Have Moved to OpenAI and Meta in Recent Months
December 5, 2025
The recent series of executive departures from Apple has reportedly been accompanied by moves further down the org chart. Those moves include dozens of employees who left Apple for OpenAI and ...Read moreApple’s General Counsel and Government Affairs Head to Retire
December 4, 2025
Apple announced some executive transitions Thursday (Dec. 4), saying two executives are preparing to retire. Lisa Jackson, vice president for environment, policy and social initiatives, will retire in late January 2026, ...Read moreMeta Hires Apple Design Executive Alan Dye to Lead New Creative Studio
December 3, 2025
Meta is establishing a new creative studio in its Reality Labs division and has hired longtime Apple design executive Alan Dye to lead it. Mark Zuckerberg, CEO at Meta, announced these ...Read moreEconomist Michael Noel Challenges How Regulators Police Big Tech
December 2, 2025
Consolidation reshapes industries of every size, from manufacturing to retail to digital markets. For the past several years, Big Tech has become the most visible battleground for debates over market power ...Read moreApple Revamps AI Leadership Amid Siri Delays
December 1, 2025
Apple moved Monday to reset its artificial intelligence (AI) leadership, announcing that longtime machine learning chief John Giannandrea will step down and that Amar Subramanya will become vice president of ...Read moreCounterpoint Says Apple Will Overtake Samsung in Global Smartphone Sales
November 26, 2025
Apple is reportedly set to overtake Samsung as the world’s top seller of smartphones and hold that title through 2029. Global market research firm Counterpoint Research made these forecasts in a ...Read moreMobile Wallet Use Jumps 31% as Apple Pay Faces Rising Competition
November 26, 2025
Shoppers are using mobile wallets more often, but the new data suggests that this shift is doing less to consolidate Apple Pay’s dominance than to widen the field for its ...Read moreApple iPhone Air Designer Departs for an AI Startup
November 18, 2025
The designer who helped create Apple’s iPhone Air has reportedly left the company. Abidur Chowdhury, an industrial designer, recently stepped down from his role at Apple to take a job with ...Read moreApple Planning Largest-Ever Upgrade to iPhone
November 16, 2025
Apple is reportedly planning its largest-ever transformation to its iPhone. This overhaul applies to both the flagship products themselves and their traditional release schedule, Bloomberg News’ Mark Gurman wrote in a ...Read moreSuccession Race Is On as Apple Prepares for Cook’s Departure
November 16, 2025
Apple is reportedly preparing to name a new leader to replace longtime CEO Tim Cook. Cook, who has led Apple for more than 14 years, could step down as soon as ...Read more
Apple Revamps AI Leadership Amid Siri Delays
December 1, 2025Apple moved Monday to reset its artificial intelligence (AI) leadership, announcing that longtime machine learning chief John Giannandrea will step down and that Amar Subramanya will become vice president of ...Read moreMobile Wallet Use Jumps 31% as Apple Pay Faces Rising Competition
November 26, 2025Shoppers are using mobile wallets more often, but the new data suggests that this shift is doing less to consolidate Apple Pay’s dominance than to widen the field for its ...Read moreApple Launches Digital ID in Wallet
November 12, 2025
Apple launched Digital ID, a new feature that lets users create and present an identification in Apple Wallet using information from their United States passport. The feature is debuting in beta ...Read moreApple Asks Judge to Dismiss Fintiv’s Racketeering Lawsuit Focused on Apple Pay
October 28, 2025Apple reportedly asked a judge Monday (Oct. 27) to dismiss a racketeering lawsuit brought by Fintiv. FinTiv, a digital payments solution provider, alleges the tech giant stole its technology to create ...Read moreApple Says EU’s Digital Markets Act Imposes ‘Onerous and Intrusive Burdens’
October 21, 2025
Apple lawyer Daniel Beard reportedly told the General Court in Luxembourg on Tuesday (Oct. 21) that the European Union’s Digital Markets Act “imposes hugely onerous and intrusive burdens” on the ...Read moreAntitrust Lawsuit in China Targets Apple Policies on App Distribution and Payments
October 20, 2025
Apple is reportedly facing an antitrust lawsuit in China that centers on the company’s policies around app distribution and payments. A lawyer representing a group of 55 Chinese iPhone and iPad ...Read moreAI Dreams Lift Oracle and Tesla, While Kroger Doubts Sink Ocado
September 15, 2025
The CE 100 Index managed to tack on a slight 0.4%, trailing all broader benchmarks, as a majority of pillars finished in the green. Oracle shares rocketed 25.5%, pushing the Work ...Read moreMusk Accuses Apple of Favoring OpenAI in App Store Rankings
August 12, 2025
Elon Musk is threatening to sue Apple over the way it ranks AI firms in its App Store. “Apple is behaving in a manner that makes it impossible for any AI ...Read moreLawsuit Alleges Apple Pay a Trillion-Dollar ‘Fence’ for Stolen Wallet IP
August 7, 2025
Digital payments solution provider Fintiv is accusing Apple of racketeering and trade-secret theft in a new federal suit over the technology that powers Apple Pay. Fintiv’s complaint, lodged Wednesday (Aug. 6) ...Read moreCoursera Rally Powers CE 100 Index 2% Higher After Earnings
July 28, 2025
Coursera’s significant post-earnings surge helped set the stage for a broad-based rally in the CE 100 Index. The Index’s 2% gain this past week came as 10 of the 11 ...Read more
Lawsuit Alleges Apple Pay a Trillion-Dollar ‘Fence’ for Stolen Wallet IP
August 7, 2025Digital payments solution provider Fintiv is accusing Apple of racketeering and trade-secret theft in a new federal suit over the technology that powers Apple Pay. Fintiv’s complaint, lodged Wednesday (Aug. 6) ...Read moreApple Pay’s 10-Year Journey and Its Next Decade of Decisions
October 22, 2024
PYMNTS Intelligence published its annual report on the usage and adoption of Apple Pay yesterday (October 21). That report marked the ten-year milestone of Apple Pay’s launch, which was the ...Read moreApple Shutters Pay Later as It Paves Broader Path for Installment Loans
June 17, 2024Nearly two years after its initial announcement and about eight months after its nationwide debut, Apple Pay Later is being discontinued. In the wake of that announcement, the company is charting ...Read moreApple Pay Expands Services Ecosystem ‘Off’ iPhone Onto Chrome and Into Installments
June 11, 2024
The first few days of Apple’s annual developer conference, stretching from Monday (June 10) to Friday (June 14), may seemingly be all about artificial intelligence. But a set of announcements Tuesday ...Read moreApple Cash Adds Virtual Card Numbers, Enabling Spending at More Merchants
April 9, 2024
Apple 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, 2024
Sunrate 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, 2024
A 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, 2023
The 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, 2022
Since 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, 2022
A 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 more
China’s Singles’ Day Sales Festival Expands to 5 Weeks
October 16, 2025
China’s Singles’ Day sales festival has reportedly been stretched to as long as five weeks by some retailers. While the sales event is set for Nov. 11, which is the original Singles’ ...Read moreWalmart to Offer Employees Customized AI Training Through OpenAI Certification
September 9, 2025
Walmart will offer its employees free access to the OpenAI Certification program when it launches in 2026. The retailer will offer this access to its U.S.-based frontline and office-based employees through ...Read moreRetailers Split on Holiday Outlook as Shoppers Pull Back
August 20, 2025
Major U.S. retailers’ forecasts reportedly have investors wondering whether the current slump in consumer spending could last through the holiday shopping season. These concerns are due in part to rising costs driven ...Read moreLVMH Seeks $1 Billion Sale of Fashion Brand Marc Jacobs
July 25, 2025
Luxury conglomerate LVMH is reportedly looking to sell fashion brand Marc Jacobs for about $1 billion. LVMH is discussing deals with multiple parties and could reach a deal soon, the Wall Street Journal (WSJ) reported Friday ...Read moreWalmart Amps Up Agentic AI Saying ‘Customers Are Ready’
July 24, 2025
Walmart is launching a line of “super agents” designed to help customers and workers. The retail giant says these new tools, powered by agentic artificial intelligence (AI), will soon be the chief way people ...Read moreRetailers Rely on Modern POS to Beat Uncertainty
July 18, 2025
Watch more: Unified Commerce Starts With the Modern POS The traditional brick-and-mortar retail store is undergoing a transformation, evolving from a transaction point into a sophisticated command center designed to enhance ...Read moreWarby Parker Co-CEO: Google AI Glasses Coming After 2025
June 4, 2025
Artificial intelligence (AI)-powered glasses from Google and eyewear retailer Warby Parker will not hit the market until after this year, according to the co-CEO of the glasses retailer. “These are going ...Read moreIDC Lowers Worldwide Smartphone Shipment Forecast, Citing Uncertainty and Tariffs
May 30, 2025
The volume of worldwide smartphone shipments in 2025 is expected to be impacted by uncertainty, tariff volatility and a slowdown in consumer spending, market intelligence firm International Data Corporation (IDC) ...Read moreReport: LVMH Tells Analysts Demand Remains Weak in Luxury Sector
May 21, 2025
Luxury conglomerate LVMH reportedly told investors and analysts that demand remains soft due to weaker consumer confidence in China and other markets. This message may signal that the company’s second-quarter results may not ...Read moreRichemont Aims to Avoid Price Backlash Seen in Luxury Sector
May 16, 2025
Luxury group Richemont will reportedly continue to limit its price increases, even in the face of new U.S. tariffs. The owner of Cartier and other luxury brands has benefited from being more restrained in its ...Read more