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☆ New report sheds light on Apple's upcoming AI features that will rival Microsoft's Copilot
▼ + stars: | 2024-02-15 | by ( Aaron Mok | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementCurrently, Apple is urging some engineers to test these new AI features to ensure they work before releasing them externally to developers. Apple's covert plans to launch its AI coding tool soon comes as the company lags behind generative AI efforts currently led by players like OpenAI, Google, and Microsoft. The tech giant, Bloomberg has learned, has plans to integrate AI features into its next software updates for its iPhone and iPad known internally as Crystal. The company is also building features that will generate Apple Music playlists and slideshows, according to the outlet.

Persons: —, GitHub, Apple didn't, Tim Cook, We've, Cook, would've Organizations: Service, Bloomberg, Business, Apple, Google, Microsoft

☆ These Apple Vision Pro buyers are returning their headsets — and this is why
▼ + stars: | 2024-02-13 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Read previewWhen the Apple Vision Pro hit the market on February 2nd, would-be fans lined up at the break of dawn to test the mixed-reality headset at their local Apple Stores. One major reason Vision Pro customers say they want a refund: its seemingly clunky design. Some Redditors who claim to be returning the Vision Pro also referenced how uncomfortable it is to wear the headset. Disappointment in the headset's vision quality is another gripe expressed by Vision Pro customers. AdvertisementThat is, if the Vision Pro ever gets cheaper.

Persons: —, they're, Farzad Mesbahi, Mesbahi, Collin Michael, he's, Michael, Apple, Kane Sutter, Matt Schneider, Apple didn't, Sutter Organizations: Service, Apple Vision, Apple Stores, Business, Twitter, Apple, Vision, Vision Pro, YouTube, Pro

☆ Don't forget your Apple Vision Pro password or else
▼ + stars: | 2024-02-06 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Read previewDid you forget the passcode to your Apple Vision Pro? "Is there a method to reset the Vision Pro when the login password is forgotten?" Apple didn't immediately respond when asked if a future software update would allow Vision Pro users to reset their passcode on their own. These issues with the Vision Pro appear to be the first ones that have come to light since Apple's splashy release. AdvertisementAround 200,000 Vision Pro headsets were reportedly sold when preorders opened in mid-January.

Persons: —, Reddit, Apple didn't, Insider's, Jordan Hart, preorders Organizations: Service, Apple Vision, Apple, Bloomberg, Business, Vision, Pro

☆ Knockout Meta profit wasn't even the best surprise of the quarter for investors
▼ + stars: | 2024-02-01 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +11 min

Generative AI, as expected, was a big focus of the earnings call. He also noted the company's advanced virtual assistant, Meta AI, was made fully available in the U.S. by the end of 2023, and the firm is testing more than a dozen other generative AI features. But investors across the tech industry are increasingly wondering when all the spending on generative AI will translate to revenue – and that's no different for Meta. Nevertheless, Li said Meta's suite of generative AI tools for advertisers is its biggest near-term monetization opportunity. Further down the road, Li indicated that business messaging is another compelling opportunity to make money from generative AI.

Persons: Mark Zuckerberg's, Meta, Zuckerberg, Susan Li, Mark Zuckerberg, Li, EssilorLuxottica, Jim Cramer, Ray, Meta's, it's, Jim Cramer's, Jim, Justin Sullivan Organizations: Revenue, LSEG, Meta, Reality Labs, Daily, Facebook, Management, Quest, VR, Apple, Vision, UBS, Pro, CNBC Locations: —, Instagram, U.S, Menlo Park , California

☆ Apple iPhone shipments may see 'significant decline' in 2024, analyst says
▼ + stars: | 2024-01-30 | by ( Alex Koller | ) www.cnbc.com time to read: +2 min

Apple CEO Tim Cook holds a new iPhone 15 Pro during the Wonderlust project launch event at the company's headquarters in Cupertino, California, Sept. 12, 2023. Kuo wrote that Apple's weekly shipments in China have dropped by 30% to 40% from a year earlier in recent weeks, "and this downward trend is expected to continue." "Apple may have the most significant decline among the major global mobile phone brands in 2024," Kuo wrote. Samsung has upped shipments of its new Galaxy S24 series this year by 5% to 10% as it sees "higher-than-expected" demand thanks to its AI-powered features, Kuo wrote. Apple, meanwhile, has lowered its shipment forecast for the iPhone 15 in the first half of 2024, he added.

Persons: Tim Cook, Ming, Chi Kuo, Kuo, Huawei's, Apple didn't Organizations: Apple, International Securities, Samsung Locations: Cupertino , California, China

☆ Apple opens up iPhone app store in Europe, a major crack in its 'walled garden'
▼ + stars: | 2024-01-25 | by ( Kif Leswing | ) www.cnbc.com time to read: +2 min

Apple announced plans to open up its iPhone App Store in Europe to competitors on Thursday, a move that opens up cracks in the company's famous "walled garden," with which it controls app distribution on its devices. Apple said on Thursday that it believes the new regulation puts its users at risk for scams, fraud and abuse, because apps that don't go through Apple's App Store aren't reviewed for content and could contain malware. Developers in general are likely to celebrate, as many have chafed for years over Apple's fees and rigorous App Review program that frequently rejects app updates. The changes are restricted to Europe and accounts that are registered in the E.U., rather than changes to the way iPhone app distribution works in the U.S. "Developers can now learn about the new tools and terms available for alternative app distribution and alternative payment processing, new capabilities for alternative browser engines and contactless payments, and more," said Apple App Store boss Phil Schiller in a statement.

Persons: Tim Cook, Apple, Phil Schiller Organizations: Apple, National Committee, China Relations, China Business Council, Economic Cooperation, APEC, Digital Markets, Spotify, Microsoft, U.S Locations: Asia, San Francisco , California, Europe, U.S

☆ An Apple Maps error showed a restaurant as 'permanently closed' and it took a hit on sales, owner says
▼ + stars: | 2024-01-23 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Read previewA restaurant owner in Australia says a mishap with Apple Maps has cost him business. Chris Pyatt told ABC Australia that Apple Maps was displaying his Thai restaurant, Pum's Kitchen, as "permanently closed." "But we have seen a sudden and drastic change in customer behaviour towards the end of November and all of December," he told ABC Australia. This story is available exclusively to Business Insider subscribers. AdvertisementThe Maps app was later updated to reflect that it's not permanently closed after ABC Australia contacted Apple for comment.

Persons: —, Chris Pyatt, he's, Pyatt, Apple, Tim Cook, Cook, Apple didn't Organizations: Service, Apple, ABC, Business, Google, ABC Australia, Apple Support Locations: Australia, ABC Australia

The ruling issued Wednesday by the U.S. Court of Appeals in Washington comes three weeks after it blocked the ban. Apple is still trying to persuade the federal appeals court to overturn the ITC's ruling, but Wednesday's decision means the company is no longer insulated from the U.S. sales ban. The Cupertino, California, company also could negotiate a settlement with Masimo that would clear the way for it to continue selling the Apple Watch models with the blood-oxygen sensor. Having to pull its two top Apple Watches from the U.S. would put a small dent in the company's annual sales of $383 billion. Although the company doesn't disclose the volume of Apple Watch sales, analyst estimate the product accounts for about $18 billion in annual revenue.

Persons: specter, Masimo, Apple Organizations: U.S ., Apple, U.S . International Trade Commission, Apple Watch, U.S . Customs, U.S Locations: U.S, Washington, Cupertino , California, American

The appeal stemmed from an antitrust lawsuit filed in 2020 by Epic Games, maker of the popular Fortnite video game. Epic lost its broader claim that Cupertino, California-based Apple was violating federal antitrust law, and the justices also rejected Epic's appeal Tuesday. That change would make it easier for developers to avoid paying Apple’s commissions ranging from 15% to 30%. Apple's shares declined by 2% in Tuesday's early afternoon trading, leaving the company with a market value of about $2.8 trillion. Apple ousted Epic from its app store after it tried to get around Apple's restrictions.

Persons: —, Apple, Apple didn't, Yvonne Gonzalez Rogers, Tim Sweeney Organizations: WASHINGTON, Epic Games, Apple, Microsoft, U.S, Google Locations: California, Cupertino , California, U.S, Apple's, Cary , North Carolina, San Ramon , California

☆ Apple tells dozens of employees in San Diego to move to Austin or face layoffs, report says
▼ + stars: | 2024-01-15 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Apple has told 121 staff in San Diego to move to Austin or face being laid off, Bloomberg reported. They've been given until the end of February to decide if they'll relocate, the report said. AdvertisementApple has reportedly told 121 employees in San Diego to relocate to Austin or face being laid off. People with knowledge of the matter said the employees told Bloomberg the majority of the 121 workers weren't willing to relocate. The company told staff in its Development and Preservation teams to reapply for their jobs or they would get laid off.

Persons: Apple, They've, they'll, —, Siri, Platformer's Zoë Schiffer, Schiffer, Hugh Langley, Tim Cook, Apple's, Tim Cook's, It's, Apple didn't Organizations: Bloomberg, Service, Apple, Texas, Preservation, Meta, Google, CNBC, Microsoft, Huawei, Reuters, Business Locations: San Diego, Austin, China

☆ Apple reportedly plans big overhaul to iPad family to make it less confusing
▼ + stars: | 2023-12-11 | by ( Jake Piazza | In | ) www.cnbc.com time to read: +1 min

Apple will overhaul its iPad family next year to make it less confusing for customers and to recharge slumping sales, according to Bloomberg. New versions of the iPad Pro and iPad Air are reportedly coming as soon as March. Apple reportedly wants to make it easier to differentiate between the iPad models and also plans big upgrades. Apple currently sells two sizes of the iPad Pro, the iPad Air, the 10th generation iPad, the ninth generation iPad and the iPad mini. The upcoming changes to the iPad Pro reportedly include a better screen, the M3 chip, a new design and a new Magic Keyboard attachment that only works with iPad Pros.

Persons: Read Organizations: Apple, Bloomberg, iPad, Air

After attempting to scroll back through, he completed his speech before returning to read from his phone. “The beginning of my speech was edited, cut out,” De Niro said. Lily Gladstone, who stars in the film opposite Leonardo DiCaprio, won for best lead performance — though not for that performance. Your lives will be better for it.”The Gotham Awards, now in their 33rd year, leapfrog most of the major ceremonies that lead up to the Academy Awards. The year before that, Gotham winner “The Lost Daughter” faded on the campaign trail, but 2020-winner “Nomadland” went the distance to the Academy Awards.

Persons: Celine, ”, Robert De Niro, Greta Lee, John Magaro, Teo Yoo, —, De Niro, Martin Scorsese's, ” De Niro, “, Niro, Donald Trump, Hollywood —, John Wayne —, Pocahontas, Apple didn't, Scorsese, Lily Gladstone, Leonardo DiCaprio, Gladstone, — Gladstone, leapfrog, they’ve, Justine Triet's Palme, Andrew Haigh’s, Andrew Scott, Paul Mescal, Barbie ”, “ Oppenheimer, ” Greta Gerwig, Margot Robbie, “ Barbie ”, Gerwig, Noah Baumbach, Charles Melton, Todd Haynes, Julianne Moore, Rockwell, Teyana Taylor, Kaouther Ben Hania’s, Steven Yeun, Ali Wong, Steven, Wong, Bradley Cooper, “ Maestro ”, Ben Affleck, George C, Wolfe, “ Rustin ”, Michael Mann, “ Ferrari, Affleck, Alex Convery, Huy, “ Nomadland ” Organizations: Gotham, Sundance Film, Apple, “ Invest, Academy, Gotham Film & Media Institute, Cipriani Wall, Actors Guild, Netflix, “ Locations: Seoul, South Korea, East, “, Kaouther Ben Hania’s Tunisian

☆ Apple is going to make texting between iPhones and Android a lot less awful starting next year
▼ + stars: | 2023-11-17 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

Apple will support RCS, Rich Communication Services later in 2024, according to 9To5Mac. AdvertisementThis is a reversal from what Apple CEO Tim Cook said about the idea of RCS texting last year. In 2022, Cook said that he didn't get many requests to improve cross-platform texting. He encouraged an audience member at the 2022 Code Conference to switch over to Apple when he asked about cross-platform texting. AdvertisementThis was part of a campaign called #GetTheMessage, which according to Android, was launched to encourage Apple to support RCS and modernize cross-platform texting.

Persons: —, iMessage, Tim Cook, Cook, haven't, Sameer Samat, Samat Organizations: Apple, Rich Communication Services, Google, Service Locations: Las Vegas

☆ Google's lawyer 'visibly cringed' when this confidential number was said aloud during its antitrust trial, report says
▼ + stars: | 2023-11-14 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +2 min

Google reportedly pays Apple a 36% cut of its search ad revenue through Safari as part of its deal. The US' Google antitrust case centers on how Google pays partners to promote its search engine. AdvertisementAn apparent slip-up during an expert's testimony in Google's antitrust trial reportedly drew a reaction from the search engine company's lawyer in the court room. The moment revealed more about Google's deal with Apple to remain the default search engine in Safari. So when University of Chicago professor Kevin Murphy, a Google economics expert and witness for the trial, disclosed the confidential number during his testimony, Google's main lawyer "visibly cringed," Bloomberg reported.

Persons: —, Kevin Murphy, Google's, Murphy didn't, Apple Organizations: Google, Apple, Safari, Bloomberg, Service, University of Chicago, Department of Justice, Microsoft

☆ Here's how the stock market can build on its best week of the year
▼ + stars: | 2023-11-05 | by ( Jim Cramer | ) www.cnbc.com time to read: +12 min

These two points blunted anything that Federal Reserve Chairman Jerome Powell had to say and that was all it took to have the best week in the stock market of the year. He's the union president, which contributes to investor ennui given how unions have produced minus signs in the stock market wherever they prey. But yields looked to break out the wrong way for the stock market for certain. We didn't realize that yields could be peaking: 6% was beckoning on the long end of the bond market yield curve. All I can tell you is that the Apple selling last Friday morning was relentless from 4 a.m.

Persons: Jerome Powell, it's, Joe Biden doesn't, Gina Raimondo –, –, Raimondo, Biden, hasn't, ennui, Stanley Druckenmiller, Tim Cook, Luca Maestri, Apple, that's, halcyon, Cramer, Elon, Mary Dillon, haven't, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Treasury, Federal, Twitter, Mutual, Apple, Phillies, Huawei, Nvidia, Trust, CNBC, Jim Cramer's Charitable, NYSE Locations: Israeli, Gaza, China

☆ Earnings playbook: Your guide to trading another busy week of reports, including Apple and Pfizer
▼ + stars: | 2023-10-29 | by ( Fred Imbert | ) www.cnbc.com time to read: +6 min

About 30% of the S & P 500 is set to report earnings this week, bringing the reporting past the halfway mark. Monday McDonald's is set to report earnings before the bell, followed by a call with management at 8:30 a.m. What CNBC is watching: Pfizer is coming into this latest earnings report limping. What history shows: Starbucks only beats earnings expectations 55% of the time, according to Bespoke, but the stock averages a 0.5% gain on earnings days. What history shows: Apple shares tend to do well on earnings days, averaging a 1.3% advance, according to Bespoke.

Persons: It's, Oppenheimer, Brian Bittner, PFE, Kif Leswing, Cowen, Andrew Charles, bode, Tim Cook, — CNBC's Michael Bloom Organizations: Apple, Pfizer, Meta, CNBC, Investment, AMD, Nvidia, Starbucks, Corporate Locations: U.S, Covid, China

☆ The $169 AirPods 3 reportedly aren't selling great, and Apple is apparently working on a new design
▼ + stars: | 2023-10-26 | by ( Haley Tenore | ) www.businessinsider.com time to read: +5 min

Apple's third-generation Airpods "haven't sold particularly well," Bloomberg reports. Apple's AirPods are undoubtedly a hit, however, making up a large share of the 2022 headphone market. AdvertisementAdvertisementIt sounds like the third-generation AirPods haven't quite been the runaway hit Apple was hoping for. The newer AirPods will reportedly come with USB-C charging, similar to the iPhone 15 and the AirPods Pro 2nd generation. The AirPods Pro and Max will also get an update further into the future.

Persons: haven't, —, Apple, Apple didn't, that's, Linzy Taylor @thelinzytaylor I’m, Apple's, Max Organizations: Bloomberg, Apple, Service

But of 72 companies ranked by a sustainability nonprofit over the past year, few are close to achieving their 2030 targets. Last year, Ceres launched an effort to press companies with large water footprints to protect those resources and address related financial risks. On Wednesday, the group released an analysis that found most of the assessed companies — including such powerhouses as Coca-Cola, General Mills and Amazon — have set targets but aren't close to meeting them. “There’s no doubt that companies need to do better,” said Kirsten James, senior program director for water at Ceres. Ceres said the companies were chosen from the four sectors based on factors including size and their impact on water.

Persons: Ceres, General Mills, “, ”, Kirsten James, Michael Goltzman, Apple didn't, Mills, Mary Jane Melendez, Melendez, Michael Kiparsky, ” Kiparsky, Kiparsky, James Organizations: WASHINGTON, —, Amazon, Coca Cola, Cola Foundation, Cola Company, Tech, Apple, Wheeler Water Institute, University of California, Associated Press, Walton Family Foundation, AP Locations: Ceres, —, U.S, Berkeley

☆ NYC Airbnb crackdown heats up: First property manager sues the short-term-rental giant under new rules
▼ + stars: | 2023-10-19 | by ( Dan Latu | ) www.businessinsider.com time to read: +4 min

A property manager is suing their tenant for listing a rental on Airbnb citing the city's new rules. It's a test of how effective the strict licensing requirements are for short-term rentals in NYC. AdvertisementAdvertisementNew York City's new short-term-rental regulations are being put to the test, raising the question of whose job it is to enforce the crackdown. AdvertisementAdvertisementBut the property manager also blames Airbnb for letting the rental advertise on the platform in the first place. Licenses are a popular tool for regulations, as cities from Memphis to Montreal crack down on short-term rentals.

Persons: It's, —, They've, Airbnb, Michael A, Rosenberg, Pensabene, Brian Chesky Organizations: Service, Canvas, Apple, New Locations: New York City, New York County, Airbnb, Memphis, Montreal, Philadelphia, New York, Paris

☆ Apple has a stunning stranglehold over Gen Z — and it'll pay off for decades to come
▼ + stars: | 2023-10-11 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Researchers found many teens have the iPhone and the Apple Watch — and also use Apple Pay. Still, Apple Music doesn't lead the way: More teens use Spotfiy, the survey says. The report says 42% of teens were found to have used Apple Pay, the tech company's cash transfer app. And 34% of teen respondents said they own an Apple Watch. An incoming call on on Apple Watch, the most popular watch brand among teenagers.

Persons: Piper Sandler, Spotfiy, —, Gen, Piper, Max —, Hiroshi Lockheimer, Lockheimer, Thomas Haigh, doesn't Organizations: Apple Watch, Apple, Service, Casio, Garmin —, YouTube Music, Amazon Prime, Street Journal

☆ DuckDuckGo CEO testified that Apple was 'really serious' about replacing Google as default for private browsing
▼ + stars: | 2023-10-05 | by ( Lauren Feiner | ) www.cnbc.com time to read: +5 min

Apple once considered replacing Google as its default search engine in private browsing mode on its products in favor of DuckDuckGo, according to recently unsealed testimony by the rival search CEO. DuckDuckGo first got a response from Apple about its idea to become the default search engine in private browsing in 2016, Weinberg said. DuckDuckGo claims its search engine greatly reduces the amount of tracking that is still possible in other search engines, even while on private browsing mode. DuckDuckGo presented Apple executives with data about what Apple users expect from private browsing mode, which Weinberg said he'd thought "was pretty compelling." DuckDuckGO estimated its market share "would increase multiple times over" just by becoming the default in private browsing mode.

Persons: Gabriel Weinberg, Apple, Weinberg, Apple's, DuckDuckGo, Craig Federighi, he'd, Adler, John Giannandrea, Giannandrea, Apple didn't Organizations: DuckDuckGo Inc, Washington , D.C, Google, CNBC, Department, Apple, Microsoft, Bing, Worldwide Developers Conference, Samsung, Mozilla, Opera, YouTube Locations: Washington ,, Cupertino , California, Cupertino

☆ RIP iPhone mini: Apple is no longer selling the smaller smartphone now that the iPhone 15 is here
▼ + stars: | 2023-09-18 | by ( Haley Tenore | ) www.businessinsider.com time to read: +3 min

The iPhone 13 mini is no longer available on Apple's website ahead of the iPhone 15 release. On the bright side, the regular iPhone 13 is still available, and it's now $100 cheaper. Up until last Monday, you could go onto Apple's website and pick between the iPhone 13 and iPhone 13 mini, according to the Wayback Machine. The iPhone 13 mini cost about $100 less than the iPhone 13, $599 versus $699. It's even cheaper than the 13 mini was at $429 and has a smaller screen that's 4.7 inches.

Persons: you've, could've, Max Organizations: Service, Wayback, Apple Locations: Wall, Silicon

☆ Here's a rapid-fire update on all 36 stocks in the Club's portfolio, including 2 recent buys
▼ + stars: | 2023-08-17 | by ( Kevin Stankiewicz | In Kevinstankiewicz | ) www.cnbc.com time to read: +14 min

Here's a rapid-fire update on all 36 stocks in Jim Cramer's Charitable Trust, the portfolio we use for the CNBC Investing Club. Apple remains an "own it, don't trade it" stock, Jim said. Halliburton (HAL): Given we just added a new stock to the portfolio, Jim said Halliburton may be the stock we look to cut ties with. The lesson with P & G is that, sometimes, there's nothing to do but hold a stock, Jim said. Stanley Black & Decker (SWK): The maker of DeWalt and Craftsman tools is one of the best bargains in our portfolio, Jim said.

Persons: Jim Cramer's, Jim, it's, We're, —, he's, he'll, we're, Dupont, Walt Disney, Estee Lauder, Locker, Mary Dillon's, Halliburton, Humana, Humana's, Linde, Eli Lilly, there's, Mark Zuckerberg's, Jim said, Morgan Stanley, James Gorman, Nikesh Arora, Elliott Management's, Elliott, Stanley Black, Decker, It's, Wells Fargo, Wells, Charlie Scharf —, Jim Cramer, Jim Cramer Rob Kim Organizations: Jim Cramer's Charitable Trust, CNBC, Club, Apple, Devices, AMD, Nvidia, Amazon, Federal, Bausch Health, Caterpillar, Costco, Coterra Energy, DuPont de Nemours, Comcast, Emerson, Emerson Electric, Ford, United Auto Workers, GE HealthCare Technologies, Big Tech, NFL, Halliburton, HAL, Texas, Honeywell International, Honeywell, Linde, LIN, Facebook, Reality Labs, Microsoft, Oracle, Palo Alto Networks, Procter & Gamble, Natural Resources, Starbucks, Constellation Brands, TJX, Goods, Wynn Resorts, WYNN, Jim Cramer's Charitable Locations: Bausch, China, Hulu, NBCUniversal, Palo, Macao

☆ Some Apple users say its parental controls aren't working properly. A CEO who has 4 kids called it 'frustrating.'
▼ + stars: | 2023-07-29 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Parents say Apple's parental controls are failing them, The Wall Street Journal reported. Some families who use Apple products say they're having issues with the parental Screen Time controls, The Wall Street Journal reported. "We are aware that some users may be experiencing an issue where Screen Time settings are unexpectedly reset," an Apple representative told the Journal. Apple CommunityOthers in the thread said they'd struggled with the issue for "months," with some contacting Apple directly for help. Apple didn't immediately respond to a request for comment from Insider, made outside regular working hours.

Persons: Apple, they'd, Mark Rowe, doesn't, Rowe, Tim Cook, he's, Apple didn't Organizations: Street Journal, Apple, Morning Locations: Boston

☆ Apple reportedly considers raising the price of its new iPhone Pros
▼ + stars: | 2023-07-24 | by ( Kif Leswing | ) www.cnbc.com time to read: +1 min

Apple is considering raising the price of its high-end iPhone Pros when new models come out this fall, according to Bloomberg. Since 2019, Apple has sold a high-end iPhone Pro that starts in the U.S. at $999 and a Max model with a bigger screen for at least $1099. Now, Apple's newest high-end models could reportedly receive a price increase that would boost Apple's overall revenue by increasing the average selling price of a new iPhone. The new iPhone models could have a USB-C charger, instead of a proprietary Lightning charger, after new European regulations passed last year. The new Pro models could come with a titanium case and thinner bezels, according to supply chain analyst Ming-Chi Kuo.

Persons: Ming, Chi Kuo, Sidney Ho Organizations: Apple, Bloomberg, Deutsche Bank Locations: Kolkata, U.S

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