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.
Apple Says China Ordered Removal of WhatsApp, Threads From App Store
April 19, 2024
Apple has removed Meta’s WhatsApp and Threads, as well as Telegram and Signal, from its App Store in China. The company was ordered to do so by the Cyberspace Administration of ...Read moreRegulations, Innovations and AI Define This Week in Big Tech
April 18, 2024
Big 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 Apple Save AI Unveiling for the iPhone 16?
April 18, 2024
When will Apple make its big artificial intelligence (AI) reveal? The tech giant is holding its Worldwide Developers Conference (WWDC) in June. Still, analysts at the European bank Bernstein Société Générale reportedly believe that Apple will wait ...Read moreWill On-Device AI Processing Bring More Shoppers to Mobile Commerce?
April 16, 2024
Artificial intelligence (AI) is being embedded directly into devices, potentially boosting app speeds dramatically. As Apple reportedly gears up to introduce AI-powered features on the iPhone that rely on on-device processing rather ...Read moreApple Dethroned by Samsung as Smartphone Market Recovers
April 15, 2024
Apple’s reign as the world’s top smartphone maker was short-lived. The iPhone maker supplanted Samsung late last year as the number-one seller of the devices, though Samsung regained the crown during ...Read moreCE 100 Index Slips 2% as Bank Earnings Spark Decline
April 15, 2024
Earnings season has begun, and at least initially, investors seemed nonplussed. Despite resilient consumer spending, inflation’s sticky too — and pressures are evident in the CE 100 Index, especially on ...Read moreUK Judge Rules App Developers’ Suit Against Apple Can Proceed
April 12, 2024
Apple lost its bid to have part of a lawsuit in the United Kingdom dismissed. The lawsuit was filed on behalf of 1,500 U.K.-based app developers and alleged that Apple charged them unfair commissions ...Read moreWill Virtual Card Numbers Spark a Rush to Spend Apple Cash?
April 10, 2024
For 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 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 moreApple Yields to EU Demands on Music Streaming
April 7, 2024
Apple has reversed course in the battle over music-streaming services in Europe. The tech giant said Friday (April 5 it has accepted demands by the European Union that it stop blocking music ...Read more
Regulations, 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, 2024
In 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, 2024
With 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, 2024
Among 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, 2024
In 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, 2024
Under 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 moreApple Insists It Complies With EU’s Digital Markets Act
March 18, 2024Apple is defending its practices under Europe’s newly adopted Digital Markets Act (DMA). At a hearing Monday (March 18), the tech giant said that it has followed the landmark law, and pushed back ...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 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, 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, 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, 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 moreIs Apple Pay Later Really a Threat to Affirm and Other BNPL Providers?
June 13, 2022
Apple’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, 2022
Apple 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, 2022
Apple 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, 2022
Apple 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
Amazon and Walmart Race to Integrate Commerce and Content
April 19, 2024
As 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, 2024
Retail 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, 2024
As 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, 2024
As 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, 2024
As 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 moreWalmart and Amazon Race to Provide Best Virtual Try-On Experiences
March 8, 2024
As augmented reality and virtual reality expand the possibilities for eCommerce, Walmart and Amazon are stepping up their digital try-on capabilities to drive conversion. Walmart shared via emailed announcement Wednesday (March 6) that it is ...Read moreHow D2C Brands Can Harness GenAI for Laser-Targeted Searches
March 1, 2024
As direct-to-consumer (D2C) brands look to improve the digital experience to drive conversion, children’s sleepwear brand Bellabu Bear is seeing generative artificial intelligence (AI) open up new avenues to boost ...Read moreBest Buy Rethinks Its Stores for the Click-and-Mortar™ Shopper
February 29, 2024
With the emergence of omnichannel shopping reshaping consumers’ expectations of brick-and-mortar stores, Best Buy is reconceptualizing its physical spaces. On a call with analysts Thursday (Feb. 29) discussing the consumer electronics retail giant’s ...Read moreiPhone Demand in China Falls as Resellers Offer Discounts
February 29, 2024
The iPhone is still apparently a tough sell for Chinese consumers. As Bloomberg News reported Thursday (Feb. 29), resellers in China are marking down the latest version of Apple’s flagship product by as ...Read moreThrive Market CTO Says the Future of eGrocery Is Mobile
February 28, 2024
As grocery slowly catches up to other retail categories in digital adoption, Thrive Market is seeing mobile gain share. In an interview with PYMNTS following the online grocer’s recent launch of ...Read more