Apple plans to introduce a new "Create a Pass" feature in its Wallet app with the iOS 27 update, allowing users to convert any QR code into a digital pass such as gift cards, tickets, or memberships. This feature will offer customizable templates and is aimed at businesses that provide QR codes but don't support Apple Wallet. The update is expected to be announced at Apple's Worldwide Developers Conference in June and released in the fall. This move aligns with growing mobile wallet usage, as Apple Pay usage in stores has doubled since 2024, driven by convenience and speed, especially among younger consumers.
Bank of America raised its price target for Apple to $380 from $330, highlighting Apple's strong position to benefit from the emerging "agentic AI" smartphone market. This AI technology enables devices to complete tasks and manage workflows autonomou...
Apple CEO Tim Cook is stepping down after significantly growing the company’s market value to $4.535 trillion. Hardware chief John Ternus will succeed him, marking a major leadership change for the world’s most valuable company. Despite strong recent...
Apple Inc. reported a 16.3% year-over-year increase in its Services revenue, reaching $30.98 billion in Q2-FY26, with exceptionally high gross margins of 76.7%. This growth helped expand the company's overall gross margin to 49.3%, offsetting weaker ...
In the first half of fiscal year 2026, iPhone revenue increased by 22.7%, primarily due to higher average revenue per user (ARPU) driven by more memory upgrades and a shift towards premium models. Although ARPU growth is expected to slow down because...
The Magnificent 7, a group of leading megacap tech companies including Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla, represent the forefront of AI and future tech. While most have advanced AI integration and partnerships, Microsoft has...
