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Business

Apple unveils $58m pay package for new CEO Ternus

Apple has disclosed the compensation package for its new Chief Executive Officer, John Ternus, on Tuesday, his first day in the role, revealing a $3 million annual salary alongside a targeted equity award of $55 million for fiscal 2027, bringing his total target compensation to approximately $58 million. Apple’s board People and Compensation Committee also […]

Business

Tim Cook set to step down as Apple CEO after 15 years

Tim Cook is set to leave his role as Apple CEO, bringing an end to a 15-year tenure in which he transformed the company’s operations while steering it through a period of enormous growth and change. According to a report by Firstpost, Cook will move into the role of executive chairman, while John Ternus, Apple’s […]

Tech

Apple, Nvidia battle for world most valuable company

Apple and Nvidia went head-to-head on Friday for the title of the world’s most valuable company, with the iPhone maker briefly overtaking the long-standing leader in market capitalisation. Nvidia shares fell by about 3 per cent in early trading, pushing the chipmaker’s market value down to $4.84tn, while Apple’s market capitalisation stood at around $4.88tn. […]

Tech

Apple, Google ordered to remove ‘nudify’ apps from App Stores

The City of San Francisco, United States has ordered Apple and Google to remove dozens of “nudify” apps from their respective app stores, escalating scrutiny of tech companies over software that digitally alters images to make people appear unclothed. The apps use artificial intelligence to manipulate photographs and create non-consensual sexualised images of individuals. California […]

Tech

Apple holds talks with AI startup to run powerful models on iPhones

Apple is in discussions with Silicon Valley startup PrismML over technology that compresses large artificial intelligence models enough to run directly on iPhones. This was disclosed by the company’s Chief Executive Officer, Babak Hassibi, according to CNBC. On Tuesday, the Khosla Ventures-backed startup, which was spun out of the California Institute of Technology, United States […]

Business

Apple sues OpenAI over alleged theft of trade secrets

Tech giant Apple sued ChatGPT-maker OpenAI on Friday, alleging the artificial intelligence company stole its trade secrets as part of efforts to build out a competing hardware business. “This case is about Apple’s former employees stealing Apple’s trade secrets for the benefit of OpenAI. Apple brings this suit to put a stop to it,” Apple’s […]

Tech

UK watchdog targets Apple, Google over app store dominance

The United Kingdom competition watchdog is moving to curb the dominance of Apple and Google over mobile platforms by proposing rules that would allow app developers to direct users to alternative payment options outside their app stores. The Competition and Markets Authority said restrictions imposed by Apple and Google prevent consumers and developers from making […]

Policy and Regulations

UK regulator proposes rules to cut Apple, Google app fees

Britain’s competition regulator has proposed new rules that would allow app developers to direct users to alternative payment methods outside the app stores operated by Apple and Google, a move aimed at reducing commissions, boosting competition and lowering costs for consumers. The proposal, announced on Tuesday by the UK’s Competition and Markets Authority, forms part […]

Tech

Apple raises MacBook, iPad prices amid global memory chip shortage

Apple Inc. has been forced to respond to the global memory chip shortage, raising prices on several MacBook and iPad models to offset surging costs for memory and storage components. The price increases, announced on Thursday, do not affect Apple’s flagship iPhone lineup, underscoring the company’s determination to keep its most important product competitively priced. […]

Business

Apple warns of worsening memory shortage

The global memory shortage dominated tech earnings season this week, with Apple CEO Tim Cook warning that it is only the beginning. “We believe memory costs will drive an increasing impact on our business,” Cook said in the Q&A portion of his company’s earnings call on Thursday after repeatedly telling analysts that the company faced […]

Tech

Apple to add Siri AI mode to iPhone camera in iOS 27

Apple is reportedly preparing to embed artificial intelligence more deeply into the iPhone camera app by introducing a new Siri-powered mode in its upcoming iOS 27. Apple will relocate its Visual Intelligence feature, currently tied to the Camera Control button, directly into the camera app, Bloomberg reported on Wednesday. It will appear as one of […]

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