apple
Apple announced on Monday that it will stop issuing loans through its buy-now-pay-later (BNPL) program, Apple Pay Later. Launched last year, Apple Pay Later allowed customers to buy products online and pay in four interest-free installments for purchases up to $1,000. The decision marks a significant shift in Apple’s approach to fintech services and payment solutions. Apple’s transition to third-party installment loansStarting later this year, Apple Pay users will have access to installment loans through third-party companies, such as Affirm, and credit and debit cards from issuers like Citigr...
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Apple Inc.’s market capitalization reached $3.24 trillion on Wednesday, retaking its crown as the largest public company in the world from Microsoft Corporation, whose market capitalization currently stands at $3.23 trillion. This milestone comes as Apple’s stock surged to an all-time high following significant announcements at this year’s Worldwide Developers Conference (WWDC). Stock performance and market impactAt 9:45 am ET, Apple’s stock rose by 2.24%, trading at $211.79 per share. Meanwhile, Microsoft’s shares also saw an increase, rising 0.68% to $435.63 per share at 9:46 am ET. The boos...
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Apple has provided a first look at the iPhone 16 and iPhone 16 Pro during its Worldwide Developers Conference (WWDC). The tech giant revealed highly anticipated features of iOS 18, which will be integrated into the latest line of smartphones. The iPhone 16 is expected to be officially unveiled in early September, continuing Apple’s tradition of fall releases. Historically, Apple announces its new smartphones on a Tuesday or Wednesday during the first two weeks of September. For instance, the iPhone 15 was unveiled on September 5, 2023, and the iPhone 14 on September 7, 2022. Based on this patt...
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Apple Inc. (NASDAQ: AAPL) climbed over 5% on Tuesday to a record high of $203.89, a day after the company announced that it would introduce Apple Intelligence, its long-awaited AI program. At 4:07 pm BST, Apple shares were up 5.2% to $203.27, reflecting strong investor enthusiasm following the announcement. Introduction of Apple IntelligenceDuring this year’s Worldwide Developers Conference (WWDC), Apple revealed its plans to collaborate with OpenAI, the developer of ChatGPT, to enhance the AI capabilities of its services and devices. Apple Intelligence is designed to improve the user experien...
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Apple Inc is a name synonymous with innovation, slick user interfaces and legendary pioneering. Over the past decades, it has kept financial markets riveted: not just with supersized returns, but also with high variability and volatility at times. So, what could a highly fluctuating and difficult-to-predict stock like Apple be worth by the year 2030? Apple stock to reach over $400?With a stock as divisive as Apple, it’s somewhat understandable that experts differ wildly on their long-term views on the Apple share price. Coin Price Forecast, for example, believes that the Apple stock price will...
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Apple has taken the wraps off its forthcoming iOS 18 mobile operating system. Set to launch this autumn, iOS 18 will be featured on the iPhone 16 and iPhone 16 Pro. With artificial intelligence (AI) and customization at its core, it offers significant advancements over previous versions of iOS. Apple’s AI implementation, dubbed Apple Intelligence, is “deeply integrated into iOS 18,” according to the company. This new feature will utilize ChatGPT’s capabilities to rewrite, proofread, and summarize text across apps, create images, and compile memories in the Photos app based on user descriptions...
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Much has been said about the potential for artificial intelligence (AI) to affect individual privacy and safety, but comparatively little has mentioned the potential havoc AI could cause to financial markets themselves. All that changed recently when International Monetary Fund (IMF) deputy managing director Gita Gopinath gave a speech at the AI for Good Global Summit in Switzerland. “The world economy will see another downturn—that much is certain. The widespread use of AI could turn an ordinary downturn into a deep and prolonged economic crisis by causing large-scale disruptions in labor mar...
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Tesla Inc. CEO Elon Musk announced on Monday that he would prohibit the use of Apple devices within his companies if Apple integrates OpenAI technology at the operating system level. This statement follows Apple’s announcement during its Worldwide Developers Conference (WWDC) about its plans to incorporate ChatGPT into some of its applications and services. Musk’s security concerns over AI integrationMusk expressed his concerns on X, stating, If Apple integrates OpenAI at the OS level, then Apple devices will be banned at my companies. That is an unacceptable security violation. He further add...
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The Roundhill Magnificent 7 ETF (MAGS) has become a fast-growing ETF this year, helped by the strong performance of most of its constituents. It recently jumped to a record high of $40.37, which was much higher than its all-time low of $30.20. It has also added over $240 million in assets. Magnificent 7 chart Magnificent 7 are doing wellCompanies that make up the Magnificent 7 are the most important ones globally. For example, Microsoft’s Azure, Amazon’s AWS, and Google Cloud run the world. AWS has a market share of 31% while Azure and Google Cloud have 24% and 11%, respectively. That means th...
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