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.
Nearly two years after its initial announcement, and about eight months after its nationwide debut, Apple Pay Later is being discontinued.
Stock buybacks among S&P 500 companies rose in the first quarter of 2024 compared with the previous quarter and the first quarter of 2023, S&P Dow Jones Indices said Monday.
Apple Pay customers with existing Pay Later loans wouldn't be affected by the change.
Apple on Monday said it will discontinue its "buy now, pay later" (BNPL) service in the United States as it launches a new loan program.
The world's largest companies Apple and Microsoft led the S&P 500 U.S. stock index to another record high, as Wall Street's bullishness about the earnings prospects of big tech's artificial intelligence push extends into summer.
Apple said on Monday that it has stopped issuing loans through Apple Pay Later, its buy-now-pay-later program that launched last year. "Starting later this year, users across the globe will be able to access installment loans offered through credit and debit cards, as well as lenders, when checking out with Apple Pay," an Apple spokesperson told CNBC.
Two reports point to Apple's plans to shave down the weight and bulk of its devices.
The so-called “Magnificent 7” represent a diverse group of U.S.-based technology companies that receive the lion's share of attention from most investors right now. Whether you're a growth investor, or a passive investor using index funds, these are the stocks that matter when considering which stocks to buy and sell.
Apple (AAPL) and Microsoft (MSFT) are racing for the spot of the most valuable company. The iPhone maker currently has a market cap of $3.26 trillion, whereas the software maker boasts $3.29 trillion.
The chip stock will jump to about 21% from 6% in a $70 billion tech ETF once a new rebalance takes effect.
Apple, a company known for its longstanding commitment to user privacy, has received flak since unveiling its artificial intelligence (AI) strategy at its Worldwide Developers Conference on June 10. This relates to the centerpiece of Apple Intelligence, which gives users access to OpenAI's powerful generative AI tool, ChatGPT.