Apple has announced plans to lay off about 100 employees in its digital services division who are responsible for its Apple Books app and Apple Bookstore, as well as some engineering roles and other services teams. The report further mentions that the layoffs are part of the company’s shift in priorities, like artificial intelligence, as…
Apple: Most Valuable Public US Company
Apple has surpassed Microsoft and Nvidia and taken the number one spot as the most valuable company in the United States, with a market capitalization of $3.29 trillion USD. According to reports, Apple shares rose 0.6% on Thursday, June 13, 2024, and 8.8% so far this week. This comes after announcements were made about partnering…
Apple Unveils Apple Intelligence
Apple has unveiled Apple Intelligence, its new AI feature that will improve its operating system by partnering with OpenAI to bring ChatGPT to its devices. According to the report, Siri will be integrated with ChatGPT to generate a response when it cannot answer a query, as well as image generation capabilities. ChatGPT will also be…
Apple to Layoff 614
Apple, the multinational technology company, has announced plans to lay off 614 employees across various California locations. Workers affected by the layoffs include machine shop managers, hardware engineers, and product design engineers. These job cuts come after the company terminated its electric vehicle and smartwatch display projects, citing complexity and high cost. The report further…
Apple: $490 Million Settlement
Apple has supposedly agreed to an out of court settlement of about $490 million USD with its shareholders over a 2018 operational decline in China. The report claims that the multinational technology company issued false statements about the state of their business affairs in the region. The report further mentions that Apple’s executives, including Tim…
Apple: Web Distribution for iOS Apps
Apple has announced major changes to its mobile application distribution offering in response to various developer backlash and scrutiny by European Union’s laws. This new update will allow developers in the EU publish their iOS applications from the developers private website. According to the report, Apple will provide an Application Programming Interface (API) to enable…
Apple: $1.95 Billion Antitrust Fine
Apple, the multinational technology company, has been fined a total of $1.95 billion USD (€1.8 billion Euro) by the European Commission. This fine was imposed on the technology giant for supposedly abusing its dominant position in the music streaming distribution market. According to the report, Apple restricted iOS application developers from informing users about other…
Apple Launches New App: Apple Sports
Apple, one of the worlds largest technology companies by revenue, has announced the release of its sports mobile application called Apple Sports. The app gives users the ease of following their favorite sports leagues and teams including the National Basketball Association (NBA), National Hockey League (NHL), and Premier League, etc. According to recent reports, Apple…
Apple Macintosh at 40
The Macintosh, shortened as Mac, is a series of personal computers produced and distributed by Apple Inc. Apple was founded in 1976 as a technology company that develops and sells computer hardware and software, etc. In January 1984 (40 years ago), the company launched the Macintosh. The Apple Macintosh was supposedly the first successfully marketed…
Apple: $25 Million Class Action Lawsuit
Apple has reportedly agreed to settle a class action lawsuit over its family sharing feature. This feature allows users and up to 5 of their contacts share access to certain purchased applications, music and files. The lawsuit claims that Apple advertised the family sharing feature on apps that did not support subscription sharing. According to…