Apple is said to have shut down its plans for an iPhone subscription service. Bloomberg's Mark Gurman has the details on that story and more.
The companies have been arguing over user privacy since 2021, when the iPhone maker launched App Tracking Transparency.
The news reflects a change in Apple's overarching payment strategy.
Apple is facing new pressure in Europe to let competitors access its iPhone operating system. The European Commission (EC) on Wednesday (Dec. 18) published a pair of documents covering how the tech giant needs to meet interoperability requirements of the Europe Union's (EU) Digital Markets Act (DMA).
Apple complained that requests from Meta Platforms for access to its operating software threaten user privacy, in a spat fueled by the European Union's intensifying efforts to get the iPhone maker to open up to products from tech rivals.
Apple is reportedly seeking ways to add AI to its smartphones sold in ChatGPT-less China. The iPhone maker is in discussions with two Chinese tech giants — Tencent and TikTok parent ByteDance — about integrating their artificial intelligence (AI) models into its products, Reuters reported Thursday (Dec. 19), citing three sources familiar with the matter.
Apple is looking to integrate AI in iPhones sold in China via local partnerships, Reuters reported. Regulatory barriers in China mean Apple is required to partner with domestic AI companies.
"Investors should proceed with cautious optimism," Howard Chan, founder and CEO of Kurv Investment Management, told Benzinga in an exclusive interview.
The Apple Inc. (NASDAQ: AAPL) iPhone has done well in China for years.
For a brief period in mid-December, Apple (NASDAQ: AAPL) appeared poised to become the world's first $4 trillion company before the Fed-induced stock market wipe led its shares to a 2.14% 24-hour crash.
Apple (AAPL -2.14%) has been one of Berkshire Hathaway's (BRK.A -1.96%) (BRK.B -1.99%) most successful investments. However, there comes a time to move on from an investment, and I think Warren Buffett and his team are set up to do that in 2025.
Warren Buffett may very well be the most famous investor of all time. His uncanny ability to constantly pick the right horse earned him the nickname, "The Oracle of Omaha.