Apple Financial News

Apple's upcoming iPhone 15 Pro Max models could be the most popular among the new models by the company, according to analyst Ming-Chi Kuo. Kuo claims that shipments for iPhone 15 Pro Max will begin mass shipments this week while the company is also planning to increase shipments of the legacy models. The new iPhone 15 Pro Max is rumoured to sport a new titanium frame, periscope zoom camera, the upcoming A17 Bionic chipset, and the possibility of supporting a rapid 150W charging speed.

Apple says the fees it charges Australian banks for using Apple Pay are not a money making exercise, and should be regarded as good value given the tech giant’s digital wallet reduces fraud rates and improves payment experiences for people who transact on iPhones.

Nvidia's strong quarterly report last week have left the world's most valuable chipmaker trading at its lowest forward earnings multiple in eight months. Nvidia's stock added nearly 2% to $468 on Monday, leaving it down almost 1% since last Wednesday, when the Santa Clara, California company far exceeded expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. At that price, Nvidia shares are trading at the equivalent of around 33 times expected earnings over the next 12 months, according to Refinitiv data.

(Reuters) — Lordstown Motors is formulating a debt repayment plan and is hopeful that it will find buyers in Chapter 11 for all or parts of its business, Bloomberg News reported, citing the electric truck manufacturer's attorney Thomas Lauria.

Glance, a smart lock screen platform from InMobi, is launching in Japan. It will partner with leading telecom carriers and Android smartphone brands in the country, Piyush Shah, president of Glance, told ET. Singapore-headquartered Glance has already expanded in Indonesia and is now eyeing the US market.

By Jamie McGeever

Terry Gou, the founder of Apple supplier Foxconn, plans to run as an independent in Taiwan's presidential election next year, ending months of speculation

Artificial intelligence has been the buzzword of 2023 ever since ChatGPT made its public debut earlier this year, with businesses, schools, universities and even non-profits looking for ways to integrate AI in their operations

global companies for the revised production-linked incentive (PLI) scheme for IT hardware, a top official said. Alkesh Kumar Sharma, secretary, ministry of electronics and information technology (MeitY), said the deadline for applications is August 30, which will not be extended. «We have received 58 applications for IT hardware PLI so far, from both global and local companies,» Sharma said at an industry event Monday. He added all major companies have applied for the scheme. The deadline for the revised PLI scheme was extended for the second time in July, after stakeholders sought more time to file the paperwork. The revised scheme has a financial outlay of ₹17,000 crore, more than doubling the incentives given in the previous version of the scheme. The scheme intends to attract global IT hardware brands such as Apple, Dell, HP and others to set up their manufacturing base in India. The revised scheme not only asks for brands to start assembling IT hardware products such as laptops, desktops, tablets, all-in-one PCs and ultra small form factor PCs, but also includes a localisation schedule to incentivise manufacturing of components such as printed circuit boards, memory modules and more, for which participants will be eligible to receive additional incentives. The applications come with the government imposing import curbs on laptops, tablets and servers, citing national security reasons.

By Nell Mackenzie and Carolina Mandl

Foundation Season 2 premiered on Apple TV+ on Friday, July 14, 2023, and since then has caught the fancy of the viewers. The series, based on the classic novel of the same name by Isaac Asimov, is an Apple TV+ original. Foundation Season 2 has had new episodes being released every week since its premiere. Here’s the preview of Foundation Season 2 Episode 8.

Investing.com — China slashes a levy on stock trading in a bid to reinvigorate capital markets and boost investor confidence. Shares in the country rise following the announcement, although ailing property group Evergrande's shares slide sharply after they start trading for the first time since March 2022. Meanwhile, 3M's stock climbs in premarket trading on reports that the industrial conglomerate has reached a settlement over personal injury claims related to earplugs it has sold to the U.S. military.

London | The BBC is to be sued by a man interviewed in a case of mistaken identity over a row about royalties.

The deadline for applications is August 30. «We have received 58 applications for IT hardware PLI so far, from both global and local companies,» said Alkesh Kumar Sharma, secretary, ministry of electronics and information technology. He said that all major companies have applied for the scheme.

iPad Pro. While the iPad Pro has seen minor enhancements in processing power, display quality, and camera capabilities since 2018, Bloomberg's Mark Gurman suggests a substantial transformation might be on the horizon. Gurman's Power On newsletter highlights Apple's intentions to provide the iPad Pro with a significant update, potentially one of the most substantial in over ten years.

Terry Gou, who founded Apple supplier Foxconn, has announced that he will run as an independent candidate in Taiwan's presidential election, scheduled to take place in September this year. Gou pledged to fix ties with China and added, "I will definitely not allow Taiwan to become the next Ukraine". Gou criticised the ruling Democratic Progressive Party, saying its policies have “brought Taiwan into the risk of war" with China.

Telstra kicked off its $50 million bet on entertainment and content aggregation, relaunching streaming platform Fetch to replace Telstra TV for its 700,000 users.

By Shivangi Acharya

USB Type-C for its iPhone 15 series, potentially due to EU regulations. Standard iPhone 15 models may have slower charging speeds with Apple-certified cables required. In contrast, leaks suggest that iPhone 15 Pro models could feature a Thunderbolt USB Type-C cable for faster charging, up to 150W power output, and 4K 60Hz output.

US Trade Representative (USTR) Katherine Tai on Saturday raised concerns related to India’s import licensing requirements for technological equipment during her meeting with commerce and industry minister Piyush Goyal. The two ministers agreed to explore this issue further and find a solution that addresses both countries’ concerns, commerce and industry ministry said in a statement. “She noted that there were stakeholders that needed an opportunity to review and provide input to ensure that the policy, if implemented, does not have an adverse impact on US exports to India,” USTR office said in a statement. India on August 3 restricted imports of these devices and put them under license regime. In a message on social media network X (formerly called Twitter), Goyal said he held a bilateral meeting with the US counterpart Tai.

Kids aren’t spending enough time outside. It’s fueling an epidemic of nearsightedness. Nearsightedness develops in childhood, typically between ages 5 and 16, and it’s closely linked to a lack of exposure to sunlight.