pymnts Profile:
Apple Inc. (NASDAQ: AAPL)
Apple Inc. is an American multinational technology company headquartered in Cupertino, California, that designs, develops, and sells consumer electronics, computer software, and online services.
Smartphone Sales Climb Thanks to Markdowns and AI
July 15, 2024
iPhone sales stabilized in the second quarter amid growth in the broader smartphone market. New data released Monday (July 15) by IDC shows a 6.5% increase in global smartphone shipments, while ...Read moreApple Reportedly Still Seeking ‘Killer App’ for Vision Pro
July 14, 2024
Months after Apple debuted the iPad, the tablet had more than 20,000 apps. The company’s Vision Pro headset, now five months old, has a tenth of that figure. And that could be ...Read moreReport: Apple Accused of Abusing App Store Position in India
July 14, 2024
India’s antitrust watchdog says Apple abused its dominant place in the app store market. That’s according to a report Friday (July 12) by Reuters, citing a confidential report by the Competition ...Read moreTrending: Next Steps for Apple as It Opens Its Ecosystem in Europe
July 12, 2024
For Apple, the iPhone and the App Store have historically been linchpins for its ecosystem — where the hardware is an onramp to a broad range of services that forge ...Read moreApple and Samsung’s AI Features May Be Boon for Mobile Commerce
July 11, 2024
Artificial intelligence (AI) features in new smartphones from Samsung and Apple signal a shift that could alter user interactions and mobile commerce. Samsung set the stage at its Galaxy Unpacked event ...Read moreApple Opens Payments Tech to Avoid EU Fine
July 11, 2024
Apple has agreed to open its mobile wallet tech to rivals, thus avoiding fines in Europe. The agreement, announced by the European Union (EU) Thursday (July 11), is binding for a ...Read moreApple Computer Shipments Jump 20% Amid Higher PC Sales
July 10, 2024
After seven straight quarters of decline, the PC market is turning around. That’s according to new research from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker, released Tuesday ...Read moreF&B Brands Enter Virtual Worlds to Reach New Consumers
July 10, 2024
As food and beverage brands look for new ways to drive acquisition and loyalty, key players are turning to virtual worlds to reach consumers in more parts of their day-to-day ...Read moreApple Eyes 10% Bump in iPhone Shipments From AI Rollout
July 10, 2024
Apple reportedly expects its new artificial intelligence (AI) services to boost demand for its iPhones. The company expects to ship at least at least 90 million iPhone 16 devices in the ...Read moreApple and Microsoft Step Back from OpenAI Board
July 10, 2024
Apple and Microsoft are reportedly relinquishing their non-voting seats on OpenAI’s board. That’s according to a report Wednesday (July 10) from the Financial Times (FT), which notes that the companies’ decisions ...Read more
Report: Apple Accused of Abusing App Store Position in India
July 14, 2024India’s antitrust watchdog says Apple abused its dominant place in the app store market. That’s according to a report Friday (July 12) by Reuters, citing a confidential report by the Competition ...Read moreTrending: Next Steps for Apple as It Opens Its Ecosystem in Europe
July 12, 2024For Apple, the iPhone and the App Store have historically been linchpins for its ecosystem — where the hardware is an onramp to a broad range of services that forge ...Read moreApple Opens Payments Tech to Avoid EU Fine
July 11, 2024Apple has agreed to open its mobile wallet tech to rivals, thus avoiding fines in Europe. The agreement, announced by the European Union (EU) Thursday (July 11), is binding for a ...Read moreApple OKs Epic Games’ European Store
July 5, 2024
Epic Games’ long-running legal battle against Apple has reportedly taken a new turn. The Fortnite maker says the tech giant is holding back its attempts to launch a games store for Apple users in Europe, Reuters ...Read moreReport: Huawei May Exempt WeChat From In-App Transaction Fees
June 19, 2024
Huawei is reportedly ready to let WeChat operate on Huawei’s mobile platform without sharing revenue. The deal, Bloomberg News reported Wednesday (June 19), would be a concession by the China-based Huawei ...Read moreMultiFactor Authentication Meets Passkeys To Address eCommerce Usability Concerns
June 18, 2024
When it comes to payments and digital commerce, proper security is a necessity. And with the news that Amazon Web Services (AWS) is pushing ahead with making multi-factor authentication (MFA) mandatory for ...Read moreApple Shutters Pay Later as It Paves Broader Path for Installment Loans
June 17, 2024
Nearly two years after its initial announcement and about eight months after its nationwide debut, Apple Pay Later is being discontinued. In the wake of that announcement, the company is charting ...Read moreApple and PayPal Send Mixed Messages as CE 100 Index Slips 0.7%
June 17, 2024
The headlines moving the CE 100 Index this week were dominated by Apple’s announcements at its developers conference that covered everything from AI to payments. And yet the tech behemoth’s rise ...Read moreFinTech IPO Tracker Loses 3.8% Despite Affirm’s Rally on Apple Pay Tie-up
June 14, 2024
Affirm saw its stock rally 7.8% this past week, but the overall trend for the FinTech IPO Index was down, as the group sank 3.8%. Affirm Gets a Bump from Apple ...Read moreAI, Virtual Cards, Embedded Lending Define This Week in B2B
June 13, 2024
B2B payments used to be defined by paper and processes. However, as the digitization of commercial payments continues, B2B payments are being defined by their workflows and data – both of ...Read more
Apple Shutters Pay Later as It Paves Broader Path for Installment Loans
June 17, 2024Nearly two years after its initial announcement and about eight months after its nationwide debut, Apple Pay Later is being discontinued. In the wake of that announcement, the company is charting ...Read moreApple Pay Expands Services Ecosystem ‘Off’ iPhone Onto Chrome and Into Installments
June 11, 2024
The first few days of Apple’s annual developer conference, stretching from Monday (June 10) to Friday (June 14), may seemingly be all about artificial intelligence. But a set of announcements Tuesday ...Read moreApple Cash Adds Virtual Card Numbers, Enabling Spending at More Merchants
April 9, 2024
Apple Cash cards now have virtual card numbers, enabling users to securely spend their Apple Cash at merchants that don’t accept Apple Pay. This change was included among updates to Apple Cash terms ...Read moreSunrate Adds Apple Pay to Payment and Treasury Management Platform
April 8, 2024
Sunrate has added Apple Pay to its global payment and treasury management platform. This new option offers the company’s commercial credit card customers a safer, more secure and private way to pay, Sunrate said ...Read moreThe Apple Pay Threat Facing Banks
March 18, 2024
A friend was preparing for a once-in-a-lifetime yoga retreat to a fancy resort in Malaysia. The trip was a long one with stopovers in Qatar and two days in Kuala ...Read moreEuropean Commission Asking Retailers and Rivals About Apple Pay
May 10, 2023
The European Commission (EC) is reportedly seeking information about Apple Pay from retailers and Apple’s rivals. The requests by the antitrust regulators of the EU were sent out three months after ...Read moreEU Targets Apple Pay’s Exclusive Access to iPhone NFC Chip
November 16, 2022
Since the launch of the iPhone 6, all subsequent models of Apple’s smartphone have enabled contactless payments with the Apple Pay mobile wallet using near field communication (NFC) technology. And unlike ...Read moreClass-Action Lawsuit Accuses Apple Pay of $1B a Year in Illegal Fees
July 18, 2022
A class-action lawsuit in federal court accuses Apple of using its Apple Pay to illegally profit from payment card issuers, taking in $1 billion a year in fees in violation ...Read moreIs Apple Pay Later Really a Threat to Affirm and Other BNPL Providers?
June 13, 2022
Apple’s Project Breakout finally broke out a week ago today at Apple’s WWDC. It was then that Apple confirmed what was probably one of the worst kept secrets in payments: ...Read moreiPhone-to-iPhone Tap to Pay Launches at Apple Stores
May 25, 2022
Apple will begin rolling out its new Tap to Pay feature for the public, a report said Wednesday (May 25). The feature was unveiled in February and lets iPhones that were ...Read more
Vera Bradley CEO: Customization and Interactive Experiences Transform In-Store Journey
July 18, 2024
As Vera Bradley transforms to meet consumers’ evolving omnichannel expectations, the brand is upgrading its stores to better fit how consumers want to shop. In an interview with PYMNTS following the ...Read moreSmartphone Sales Climb Thanks to Markdowns and AI
July 15, 2024iPhone sales stabilized in the second quarter amid growth in the broader smartphone market. New data released Monday (July 15) by IDC shows a 6.5% increase in global smartphone shipments, while ...Read moreTarget Bolsters in-Store Experiences Through Strategic Collaborations
July 12, 2024
Target is facing increased competition from online retailers with faster delivery and a wider selection of products. Customers are also shopping less frequently in physical stores. As a result, Target officials ...Read moreGrocers Integrate AI Into Digital Platforms to Boost Omnichannel Engagement
July 11, 2024
In an effort to stay ahead in a competitive market, grocers are leveraging artificial intelligence (AI) to enhance their consumer-facing digital platforms, making the experience more engaging and frictionless. Technology provider ...Read moreAmazon Warned to Improve UK Grocery Supplier Relations
July 11, 2024
A British regulator wants Amazon to improve its relations with grocery suppliers. The Groceries Code Adjudicator (GCA) said Thursday (July 11) that it could open an investigation if the tech giant doesn’t turn things around. This ...Read moreF&B Brands Enter Virtual Worlds to Reach New Consumers
July 10, 2024As food and beverage brands look for new ways to drive acquisition and loyalty, key players are turning to virtual worlds to reach consumers in more parts of their day-to-day ...Read moreApple Eyes 10% Bump in iPhone Shipments From AI Rollout
July 10, 2024Apple reportedly expects its new artificial intelligence (AI) services to boost demand for its iPhones. The company expects to ship at least at least 90 million iPhone 16 devices in the ...Read moreLuxury Brands and Retailers Rethink Strategy Amid Economic Challenges
July 10, 2024
With the high cost of maintaining a luxury brand, key players are making major decisions, changing the way they operate to navigate the current challenging economic climate. Luxury brand Burberry, for ...Read moreSocial Media Apps Tap Click-and-Mortar™ Pop-Ups to Boost Commerce
July 9, 2024
As social media platforms aim to grow their presence in retail, key players including Snapchat, Pinterest and TikTok are turning to omnichannel retail pop-ups. Most recently, British department store Selfridges announced ...Read moreComputer Vision Checkout Expands Globally Despite Hurdles
July 8, 2024
Around the world, computer vision checkout is growing, both in terms of its availability and its physical footprint, despite significant cost challenges to making the retail technology worth its while. German ...Read more