The Apple-Intel chip manufacturing deal is facing timeline challenges, with analysts expecting production to take two to three years. On June 25, Apple raised prices on Macs by 15-20% and iPads by 15-25% due to soaring memory and storage costs. On the same day, Apple stock fell nearly 4.89% following the price hike. Apple stated that unprecedented demand for memory from AI data centers caused the increase. On July 2, American Express expanded its partnership with Apple to allow cardholders to redeem rewards points at checkout via Apple Pay.
Apple plans to debut a hardware leasing service in the U.S. this July, allowing customers to access devices through monthly subscription-style payments.
Read the full storyApple taps Klarna to power its new 'Apple Upgrade' program, aiming to make hardware refreshes more affordable through a structured leasing model.
Apple has increased iPhone prices in Japan by up to 11% to protect profit margins as the yen continues to weaken against the US dollar.
The US tech giant is integrating local generative AI technologies to comply with Chinese regulations and enhance device features in its key market.
Luxshare Precision Industry finalized its $3 billion Hong Kong secondary listing at the ceiling of its target range, signaling robust investor appetite for Apple's supply chain.
Apple is re-enabling credit and debit card payments for services in India, adapting to the country's evolving digital payment regulations.
Expanded partnership allows Amex cardholders to redeem membership rewards points at checkout via Apple Pay for online and in-app purchases.
Unprecedented AI data center demand for memory chips forces Apple to raise prices, with iPhone prices unchanged but further hikes possible.
Apple and Intel partner for domestic chip production, but analysts warn that advanced manufacturing output remains two to three years away.