Apple’s new CEO in the spotlight
Apple has unveiled its first foldable iPhone, the iPhone Duo, with a 7.6-inch inner display and a 5.4-inch outer screen. It launches at $1,999, positioning Apple against Samsung’s Galaxy Z Fold 8 and signaling a potential shift in premium smartphones. The device offers a book-style design, a matte inner display, and an under-display selfie camera, while rivals emphasize their crease-free engineering.
Smart glasses are expanding as major players push AI-enabled features. Regulators and activists are weighing privacy risks, with debates intensifying in Europe and the UK. Meta’s Ray-Ban glasses are leading sales, while Apple signals tighter privacy controls as it explores similar wearables.
Apple has overtaken Nvidia to claim the world’s most valuable company title again, after Nvidia’s market value declined by 3.5%. Apple sits at about $4.88 trillion while Nvidia hovers near $4.86 trillion. The shift marks a rare reordering in the AI-driven market, with Apple leveraging a refreshed Siri and services strategy as CEO Tim Cook prepares to hand over the reins later this year.
Apple has launched Apple Upgrade, a lease-to-own program through Klarna, allowing customers to lease iPhones, Watches, Macs, and iPads for 12–36 months with upgrade, return, or purchase options at term end. The move aligns with rising device prices and longer replacement cycles, aiming to keep customers in Apple’s ecosystem. Pricing starts at $17.99/month for iPhone and scales by device and term.
Apple reports strong revenue but warns that AI-driven memory shortages are tightening supply chains, forcing scrambling for chips and raising prices. Tim Cook signals on-device AI and a future Siri rollout as the company navigates memory costs and component constraints.
Apple has confirmed a high-end focus for its September event, with the iPhone 18 Pro and iPhone 18 Pro Max as the main attractions and a foldable iPhone Ultra expected to be unveiled. The base iPhone 18 is delayed to spring 2027, while AirPods and other components face supply and price pressures.
Apple has reported stronger-than-expected Q3 results but warns memory-chip pricing has squeezed margins. The company forecasts 9%-11% revenue growth for the current quarter, below Wall Street expectations of about 12%. Tim Cook is preparing to hand over to John Ternus, with investors watching for supply constraints relief and potential iPhone price moves.
Amazon and Apple diverge in earnings, with AWS leading cloud growth for Amazon and Apple forecasting slower growth due to memory chip shortages and supply constraints, signaling a split in Big Tech momentum.
A wave of senior leadership departures across major AI labs has intensified as firms recalibrate leadership ahead of anticipated IPOs and major infrastructure overhauls. OpenAI and Anthropic are among those restructuring as executives exit and reassignments take place, with a broader industry shift toward aligning compute strategies with growth goals.
Nvidia has reported another monster quarter, surpassing expectations with a 70% forecasted revenue increase for fiscal 2028 while signaling broader AI infrastructure growth. The company notes demand is accelerating, while supply constraints and rising memory costs pose ongoing challenges. Nvidia is expanding its financing partnerships to back AI data centers, and Meta’s $16.7 billion settlement adds regulatory attention to the AI stack.
Apple has unveiled a wide set of devices at its September keynote and signalled a hardware-first strategy under new CEO John Ternus. The company has revealed the foldable iPhone Duo, iPhone 18 Pro with the A20 chip, AirPods 5 and two refreshed Apple Watch lines while previewing upgraded Siri and a stretched product roadmap through 2027.
Apple has updated Apple Maps to display “Lake America” to U.S. users after President Trump ordered the U.S. geographic names database to rename Lake Ontario. Google had already rolled out the change for U.S. viewers; Canada and many services continue to display Lake Ontario. MapQuest has refused to change and has seen a surge in downloads.
The G20 finance talks have focused on China and the broader impact of U.S. tariffs, with officials arguing that non-market economies are shaping global growth. Treasury Secretary Bessent has warned that tariffs will redirect Chinese goods to other markets, while other leaders call for balance and guardrails on AI regulation.
Apple's Phil Schiller has stepped down from heading the App Store and will become an Apple Fellow, while day-to-day operations shift to Carson Oliver under Eddy Cue. Bloomberg and other outlets report a push by new CEO John Ternus and Cue to improve margins and recurring revenue, a move Schiller privately opposed.
Apple has unveiled the iPhone Duo, a passport‑sized foldable that opens to a 7.6‑inch display and targets productivity with multi‑window apps and on‑device AI. New CEO John Ternus has led the debut; Apple has priced the Duo at $1,999 with availability set for October 23 and preorders opening earlier in September.
Apple has unveiled Audio Intelligence features for the Watch Series 12 and Ultra 4, including Siri Recap and Live Rewind, to summarize conversations and replay the last 15 seconds. The tools stress privacy, storing no raw recordings and masking speakers, but raise concerns about ambient listening.
Apple unveils AirPods 5 with active noise cancellation across the lineup. The base model starts at $129, a wireless-charging option at $149. Battery life, new features, and improved sound quality are highlighted, with preorders open and a release set for September 18.