Apple (AAPL.O) on Tuesday opened its annual showcase, where it is expected to reveal a new range of iPhones, including a slimmer “Air” model that could foreshadow the launch of a folding phone next year.
Apple has pledged an additional $100 billion investment in the U.S., bringing its total commitment to $600 billion over four years, in a move seen as easing tensions with President Donald Trump over potential iPhone tariffs.
Apple and mining company MP Materials announced a joint $500 million investment to develop a rare earth magnet recycling facility, with plans to bolster U.S.-based production and reduce reliance on China.
President Donald Trump is pressuring Apple to move iPhone manufacturing from China to the United States. But supply chain experts say the plan faces massive barriers built over decades.
In a significant development for the tech industry, Indonesia and Apple have reportedly reached an agreement to lift the country's ban on the iPhone 16. According to Bloomberg News, which cited people familiar with the matter, the deal could be signed as early as this week.
Google on Wednesday rolled out an update for iOS that lets users search what’s on their screen with a simple gesture. The new feature, available in both the Google Chrome and Google Search apps, is similar to Android’s built-in “Circle to Search” function.
Apple lost its position as China’s top smartphone seller in 2024, with Vivo and Huawei surpassing it after a 17% drop in shipments, marking its largest-ever annual decline. Rising competition, Huawei’s comeback, and shifting consumer trends challenge Apple’s market position.
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