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 Investors Lobbying for Big Acquisition Amid AI Troubles
July 14, 2025
Apple is reportedly facing pressure to make a major acquisition amid its AI troubles. As Bloomberg News reported Monday (July 14), investors are concerned by a slump in share prices that has wiped out ...Read moreApple, Visa and Mastercard Antitrust Lawsuit Tossed by Federal Judge
July 10, 2025
Apple, Visa and Mastercard reportedly won a legal victory in an antitrust lawsuit. The tech giant and the two payment firms convinced a federal judge to dismiss the lawsuit accusing them ...Read moreApple COO Jeff Williams to Hand off Some Duties, Then Retire
July 8, 2025Apple said Tuesday (July 8) that Chief Operating Officer Jeff Williams will hand off some of his duties before retiring later this year to spend more time with friends and family. Williams ...Read moreApple AI Model Head Reportedly Leaving For Meta
July 8, 2025
Apple’s manager for artificial intelligence (AI) models is reportedly leaving for Meta. That’s according to a report late Monday (July 7) by Bloomberg News, which notes that this departure is another ...Read moreApple Fights $580 Million App Store Fine in Europe
July 7, 2025
Apple has appealed what it calls an “unlawful” $580 million fine from the European Union. “We believe the European Commission’s decision — and their unprecedented fine — go far beyond what the ...Read moreReport: Apple Considering Powering Siri With Third-Party AI Models
June 30, 2025
Apple is reportedly considering using artificial intelligence models from Anthropic or OpenAI, rather than its own in-house models, to power a new version of its voice assistant Siri. The company has talked with both of the ...Read moreGerman Data Protection Authority Asks Apple and Google to Stop Distributing DeepSeek App
June 27, 2025
A German data protection authority regulator said Friday (June 27) that she told Apple and Google that the DeepSeek artificial intelligence-powered chatbot app is “illegal content” and that the companies ...Read moreApple Reportedly Set to Propose Easier Access to Offers Outside App Store
June 25, 2025
Apple is reportedly set to propose making it easier for third-party developers to send customers outside of its App Store to make software purchases in order to avoid additional penalties ...Read moreApple’s CarPlay Ultra Gets Red Light From Automakers
June 25, 2025
Apple’s in-vehicle software system CarPlay Ultra is reportedly facing backlash from automakers. Car companies including Mercedes-Benz, Audi, Volvo, Polestar and Renault said they do not plan to add the software to ...Read moreApple Reportedly Negotiating to Stave Off EU App Store Fines
June 23, 2025
Apple is reportedly in eleventh-hour negotiations with European regulators about changes to its App Store. As the Financial Times (FT) reported Monday (June 23), the tech giant is hoping to escape ...Read more
Apple, Visa and Mastercard Antitrust Lawsuit Tossed by Federal Judge
July 10, 2025Apple, Visa and Mastercard reportedly won a legal victory in an antitrust lawsuit. The tech giant and the two payment firms convinced a federal judge to dismiss the lawsuit accusing them ...Read moreApple Expands ‘Tap to Pay on iPhone’ Availability in Europe
May 27, 2025
Apple has extended Tap to Pay on iPhone to eight more European countries. The feature, which enables merchants to use an iPhone to accept in-person contactless payments, was launched Tuesday (May ...Read moreApple: App Store Blocked $2 Billion in Fraud Last Year
May 27, 2025
Apple says its App Store prevented more than $2 billion in fraudulent transactions last year. This is part of a larger anti-fraud effort that has blocked more than $9 billion worth ...Read moreApple Disputes Epic Games’ Report of Denial of App Store Submission
May 16, 2025
Apple and Epic Games are reportedly sparring over Apple’s denial of Epic Games’ resubmission to place its game Fortnite in the App Store. Epic Games said Friday that its resubmission was ...Read moreWill Apple’s Services Momentum Be Blunted by New Epic App Store Ruling?
May 2, 2025For several years, Apple has been leveraging its hardware and services to forge an ecosystem, as phones, tablets and computers are an on-ramp to higher margin subscriptions, streaming and apps. This week, ...Read moreSpotify Says Apple Approved App Update With Links to Purchase
May 2, 2025
Spotify said Friday (May 2) that Apple approved a U.S. app update that Spotify submitted Thursday (May 1) after a court ruling in the lawsuit Epic Games brought against Apple. “After ...Read moreThis Week in AI: Visa, Mastercard and PayPal Go All in on Agentic Commerce
May 2, 2025
This week brings fresh news on the digital payments front, with Visa, Mastercard and PayPal unveiling their agentic commerce programs. Their moves represent a significant shift to the payments landscape, ...Read moreApple Needs ‘Time’ to Upgrade Siri; Services Revenue Dampened by Cost Hikes
May 1, 2025
Apple CEO Tim Cook said Thursday (May 1) that the company needs “more time” to upgrade Siri’s artificial intelligence (AI) capabilities, as the AI assistant faces criticisms that it lags ...Read moreReport: Visa Offers $100 Million to Get Apple Credit Card Business
April 1, 2025
Visa reportedly offered Apple about $100 million to get the tech giant’s credit card business, which is held by Mastercard. The offer came as the payment network and rival American Express ...Read moreApple Brings Tap to Pay to 9 New European Countries
March 18, 2025
Apple is expanding Tap to Pay on iPhone to nine new countries in Europe. The contactless payment method is now available in Bulgaria, Finland, Hungary, Liechtenstein, Poland, Portugal, Slovakia, Slovenia and Switzerland, the tech ...Read more
Apple 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, 2024
Nearly 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 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 more
Warby 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 moreShein Lowers Prices Following US-China Trade War Truce
May 15, 2025
Shein cut prices for customers in the United States after Washington temporarily lowered tariffs on Chinese imports. “We’ve lowered our prices across a wide range of styles, which means more big ...Read moreHow Amazon and Walmart Are Rewiring Retail’s Future With Robotics
May 9, 2025
Competition comes best in twos. Think Apple and Microsoft, Coke and Pepsi, McDonald’s and Burger King and many other famous pairings. It’s because a dose of healthy competition ultimately benefits the ...Read moreHome Depot Reportedly Banking on AI to Rebuild Sales
March 6, 2025
Home Depot has reportedly begun using generative AI to bolster its online shopping services. The goal is to give consumers the same level of customer service on the company’s website as they’d ...Read moreFrom Cautious Consumers to Tariff Jitters: Walmart and Amazon Face Q1 Headwinds
February 27, 2025
During their respective earnings calls earlier this month, Amazon and Walmart were cautious in their first-quarter 2025 outlooks, reflecting concerns about inflation and slowing consumer spending. Amazon’s projected revenue of $151 ...Read moreSaks Seeks Suppliers’ Patience on Payments as Luxury Brands Struggle
February 16, 2025
Luxury retailer Saks is reportedly warning its suppliers that it may take some time to get paid. As The Wall Street Journal (WSJ) reported Friday (Feb. 14), Saks issued a memo ...Read moreLuxury’s Lost Luster: Brands Grapple With Shifting Tastes, Economic Headwinds
February 7, 2025
As 2025 unfolds, the luxury market is undergoing a period of mixed results and shifting dynamics. Recent news and earnings reports reveal a sector experiencing notable evolution, per a ModernRetail ...Read more