Apple Inc. (NASDAQ:AAPL), after opening its shares at the price of $155.19, jumped down -3.88% to close at $148.98 for the day. The stock moved on a traded volume of 64.71M shares, in comparison to 27.59M shares of average trading volume. Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and various related software, services, peripherals, networking solutions, and third-party digital content and applications. on Friday after Bloomberg News reported that iPhones launched later this year will use modem chips with slower download speeds than some rival smartphones. Apple is widely expected to upgrade its iPhone this year, which marks the device’s 10th anniversary, and suggestions that its technology will lag the performance of high-end smartphones running Alphabet Inc’s (GOOGL) Android system could hurt its sales.
Apple supplier Qualcomm Inc (QCOM) sells modems capable of downloading data at cutting-edge 1 gigabit speeds, but rival chipmaker Intel Corp’s (INTC) modem technology does not yet have that capability, according to the Bloomberg report.
According to Engadget, After a recent crackdown on tips within various live-streaming and messaging apps — particularly in China — it looks as if Apple has finally made it official. If an iOS app allows tipping now, it will have to do so as an in-app purchase. That means that Apple gets 30 percent of all “tips” processed this way.
Apple is putting an end to the scourge of review prompts that seemed to pop up inside of some apps every few days. In a change to the App Store rules this week, Apple said it will now enforce hard limits on how review prompts show up and how often users have to see them. The changes were first spotted by 9to5Mac.
The second restriction is on how often that prompt can show up. An app can only display the prompt three times a year, regardless of how often it’s been updated. And once a user has left a rating, they’ll never see it again. Users also have the option to completely disable app review prompts inside the iOS Settings app, preventing the prompts from annoying them at all.
At the event, held in San Jose on Monday, Apple (, Tech30) touted a new peer-to-peer payments service and announced a deal to bring Amazon video content to Apple TV after years of tension between the two companies.
The Worldwide Developers Conference (WWDC) is usually where Apple previews its software updates. But Apple also used the event to introduce a new piece of hardware and give some major upgrades to existing products.
Apple is taking on Amazon (, Tech30) and Google ( ) with its very own smart speaker, the HomePod. The 7-inch high speaker looks like the top of a microphone. Available in white and black, the $349 device is being marketed as a smart speaker with higher quality audio than its competitors.
While Apple is going after Amazon with the HomePod, it’s offering an olive branch with Apple TV. Amazon’s Prime Video app will soon be available on Apple TV. CEO Tim Cook said Apple was pleased about the partnership, and mentioned some original Amazon content like Transparent.