Apple Apologizes For Stolen Apple IDs In China

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Apple, nearly a week after it emerged that some Apple IDs were stolen in China, apologized for the hacking, saying in a statement that it found “a small number of our users’ accounts” had been accessed via a phishing scam, reported The Wall Street Journal.

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Apple Lets College Students Store IDs On Apple Devices

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Apple has inked a deal with three universities in the U.S., enabling students to store their student IDs on their Apple devices. According to a report in CNBC , students at Duke University, University of Alabama and University of Oklahoma can store their student IDs on their iPhone or Apple Wallet. Apple initially announced the service in June at its annual developer conference. Apple released three phones, which watchers had been anticipating.

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Hackers Steal Alipay Customers’ Money Via Stolen Apple IDs

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Alipay , the mobile payment app, said Wednesday (October 10) that hackers stole money from accounts via stolen Apple IDs. In a post on its Toutiao social media account, Reuters reported it said users who linked their accounts via Apple IDs should lower their transaction limits.

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CVS Rolls Out Support For Apple Pay

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Months after Apple CEO Tim Cook said CVS would be accepting Apple Pay, the retailer has brought support for the mobile wallet to stores across the country. “Get your essentials in a flash,” Apple said in a marketing email, according to the outlet.

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Apple Quietly Buys Spektral For $30M

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Spektral, a computer vision company located in Denmark, was acquired by Apple for more than $30 million. Rumors that Apple was buying Spektral started surfacing earlier this week, with Danish financial newspaper Børsen reporting the deal has, in fact, happened.

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Apple iPhone Demand Slumping In China; Could Hurt Results

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Thanks to a decline in demand for Apple’s iPhones in China, Goldman Sachs is warning the iPhone maker could post earnings that disappoint. Still, his forecast for third-quarter sales at Apple predicts a decline of 15 percent on a year-over-year basis.

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Apple’s Trillion-Dollar Market Cap Sizzle

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2), Apple was already having a pretty good week: Earnings came in strong , buoyed by big successes with services and subscriptions, and investors were mostly happy with what they saw. Instead, Apple brought back Steve Jobs. He wanted Apple to dream up things people couldn’t imagine.”.

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Apple Launches National Parks Initiative

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Apple has announced a new initiative that will help its customers support and enjoy America’s national parks. 24 through 31, the company is donating $1 to the National Park Foundation for every purchase made with Apple Pay at any Apple Store, online at apple.com or through the Apple Store app in the U.S. Apple Watch users can also get in on the action. million Apple Watches during the first three months of the year.

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Apple Privacy Site Makes Data Transparent For Users

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Apple is launching a portal that enables customers to find out what kind of data the company has kept on them. The new security features come as Apple looks to set itself apart as a company that makes money from selling hardware instead of targeted ads based on customer data.

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Apple’s Latest iPhones To Boost Momentum, Produce Upside

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Bank of America Merrill Lynch was pounding the table on Apple Tuesday (Oct. According to a report in CNBC , citing a research note that Bank of America Merrill Lynch issued to clients, a global survey of smartphone users concluded there is strong enough demand that Apple could report earnings that beat expectations next year. What’s more, 70 percent of iPhone owners plan to remain with Apple when they are in the market for a new device.

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Apple Thinks Big For The New iPhone and Apple Watch

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Such was the the weather, so to speak, at Apple’s annual device rollout event. There were advances, a few interesting upgrades, a plethora of inspirational videos about the historical implications of the forthcoming class of Apple products and a lot of enthusiasm on the part of the Apple team. These are Apple’s $1,000 phones of 2018: the XS will start at $999; the XS Max will start at $1,099. Apple Apple Watch iPhone New Products News siri Technology

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Five At Five: Apple Slumps In China

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Apple iPhone Demand Slumping i n China; Could Hurt Results. Still, his forecast for third-quarter sales at Apple predicts a decline of 15 percent on a year-over-year basis. Welcome to Five at Five, your late look at the day’s payments and commerce news.

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Apple Debuts iPhones, Watch At Annual Event

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After a few weeks of hard speculation, the Apple Device event is finally happening. The focus for most viewers is the coming of the new iPhone — an expected outcome given the the flagship product remains the business’s cash engine, representing both about 66 percent of its revenue and the natural entry point to the Apple ecosystem. Apple released three phones, as expected, which watchers had been anticipating.

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Apple Ships 3.8M Apple Watches In Q1

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Apple led the charge in the wearable band market during the first quarter of this year, with Canalys finding that the company shipped 3.8 million Apple Watches during the first three months of the year. Behind Apple, Xiaomi , which makes the Mi Bands, was in second place, shipping 3.7 Canalys noted that Apple Watch shipments matched the volume from the first quarter of last year. Apple represents 59 percent of the total cellular-enabled smartwatch market.

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Spotify, Apple Music, Pandora Boost Smart Speaker Growth

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The data revealed that music services such as Spotify , Apple Music and Pandora are picking up a larger share of music consumption, and that an estimated 14 percent of the U.S. population now owns a smart speaker such as Google Home, Apple HomePod and Amazon Echo.

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Jet Becomes Authorized Apple Reseller

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Jet , the online retailer owned by Walmart , announced Wednesday (May 9) that it is now part of Apple ‘s authorized reseller program. According to a report in 9to5Toys , Jet becoming an authorized Apple reseller is huge for its online battle against Amazon. The source noted that Jet will be selling the full suite of Apple products while Amazon only sells a few products. Walmart has long been an authorized reseller of select iPhones, iPad, and Apple accessories.

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Apple Watch Can Now Make Apple Store Purchases

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Apple just recently rolled out another new bit of functionality for the Apple Watch. The latest version of the Apple Store app for Apple watch now allows wearers to make purchases right from their smartwatches. As of now, purchases Apple Watch users can make are limited to lower priced items (meaning this excludes iMacs and most other Apple devices) and accessories that they had previously favorited on the Apple Store’s app for iPhone and iPad.

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Apple Surpasses $1 Trillion In Market Cap

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Apple became the first company trading in the U.S. According to a report in The Verge , shares jumped for two days in a strong showing in Apple’s third quarter, as the iPhone maker boosted its targets for the remainder of the year and surpassed Wall Street views for its fiscal third quarter. In early-morning trading on Thursday, Apple hit the $1 trillion in market cap when shares passed $207.05. Apple Apple Stocks market cap News stock market Wall Street What's Hot

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Goldman Sachs Cuts Apple Estimates After Launch Of New Devices

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Goldman Sachs is not impressed with Apple’s new line of smartphones that were unveiled on Wednesday (Sept. The firm also reiterated its neutral rating on shares of Apple. “Apple rolled out new iPhones as expected, but the new LCD ‘XR’ model was priced lower than we had thought likely. 12) Apple put all the rumors and speculation to bed by launching three new iPhones and a new version of the Apple Watch.

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Apple Pray: why has Apple Pay failed?

Chris Skinner

Then got my answer, although it isn’t a singular factor but a combination … The post Apple Pray: why has Apple Pay failed? I was talking the other day to a colleague about the phenomenon in Asia, India, Africa and South America taking place with mobile payments and the lack of take-up in the USA. Why is this, I wondered? appeared first on Chris Skinner's blog. Fintech Grid Innovation Opinion Payments Technology

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Apple’s $250B Cash Hoard

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When Apple comes out with earnings later this week, it is widely expected to report that its cash on hand has met and exceeded the quarter of a trillion dollars mark. Apple, if its free cash meets expectations, will have roughly doubled its holding in a little over 4.5 years — in the last quarter of last year Apple was reportedly bringing in about $3.6 soil would give Apple flexibility to do more capital returns — though what that might look like remains unknown.

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The Apple Pay Pivot?

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Apple Pay Reportedly Feels Some Merchant Love. The team at Piper Jaffray published some good news on Apple Pay. According to its survey of 507 vendors of merchant processing systems, Apple Pay is the most requested mobile digital payments service among retailers.

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Apple To Ship 75M-80M New iPhones By Year End

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One analyst believes that Apple will ship 75-80 million new iPhones by the end of 2018. Last week, Apple unveiled three new iPhones, as expected. And, in the interest of “bringing [its] technology to as many people as possible,” Apple also unveiled the iPhone XR , which uses an LCD screen instead of an OLED. Apple said the XR is designed to offer the iPhone X experience on an LCD device, right down to things like haptic touch and face ID.

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How Apple's update may turn the payments space on its head

Mobile Payments Today

Recent changes to how Apple deals with the NFC chip in the iPhone and Apple Watch presents a world of opportunities

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Apple’s Strong Services Revenue Boosts Wall Street’s Confidence

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Thanks to a strong showing out of Apple’s services business during the June ending quarter, Wall Street is getting more bullish on Apple. According to a report in CNBC , the growth in Apple’s services business , which includes its App Store, Apple Music and iCloud, is boosting analysts’ — such as Bank of America’s Wamsi Mohan — views of Apple going forward. Bank of America reiterated its buy rating on Apple, pointing to growth in services.

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Apple Keeps It Within The Family For Apple Pay Cash Beta

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Rumors are swirling that Apple is currently testing Apple Pay Cash internally using iOS 11.1 was released in beta to developers last week, but not everyone received Apple Pay Cash. The new service was announced at Apple’s Worldwide Developers Conference over the summer, but the feature wasn’t included when iOS 11 launched to the public last month. When users receive money, they can transfer it to a bank account or spend it using Apple Pay online or in retail stores.

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Enroll In Apple Pay, iPhone Prompts Users

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In what The Wall Street Journal described as a form of nagging, Apple is prompting users of its iPhone to enroll in Apple Pay, which has created a mixed reaction from the public. The prompts to enroll in Apple Pay are tied to the iPhone’s most recent operating system update, yet they’re subtle, reported the WSJ. Apple, it should be noted, hopes to bring its $29 billion Apple Pay business line to $40 billion by fiscal year 2020.

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Apple, Nike Lose Favor With Chinese Consumers

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A new survey has found that big retailers like Apple and Nike are losing favor in China, as consumers are showing a preference towards local brands. The survey also spells trouble for Apple, which counts China as its second biggest market. In fact, last year a study of 1,000 Chinese consumers indicated that for the first time Huawei has edged out Apple for being the number one smartphone consumers are preparing to purchase.

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Apple App Store Earnings Top Google Play In Q3 By 93%

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New data shows that in the third quarter of 2018, Apple ’s App Store came out on top in a big way, earning nearly 93 percent more app revenue than Google Play. Apple app downloads App Revenue App Store google play mobile apps News What's Hot

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Apple Adds New Face ID Functionality

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Through a new Face ID setting, Apple ’s latest iOS 12 potentially allows more than one person to use the feature on a particular iPhone X. The news comes as Apple’s annual developer conference, WWDC , helped boost the company’s shares to an all-time high on Monday (June 4). As a result, Apple’s stock rose as much as 1.7 Apple announced several features and upgrades at the conference, including the new iOS 12 operating system.

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For Goldman And Apple, One Word: Plastic (Cards, That Is)

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News came Thursday (May 10) that Apple and Goldman Sachs Group are in the midst of bringing a joint credit card to market. In terms of details, noted The Wall Street Journal , the card would be issued under the Apple Pay designation and may come to market early next year. The move by Goldman and Apple has a cross-pollination effect of sorts. In an example of that momentum, in Apple’s latest earnings report, in early May, the company said it sold 2.9

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The Apple Pay/PayPal Transaction Story

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As comes standard in many Apple quarterly earnings report, there was plenty of buzz to go around. The Apple Watch is the most beloved wearable in human history, the iPhone X is the best-selling iPhone on the market and Apple products, broadly, are bringing all of mankind together in love and harmony. But the biggest buzz came from Cook when speaking about Apple Pay and its rapid growth last quarter. billion transactions , two times that of Apple Pay.

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Apple Tops Global Smartphone Sales

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Driven by demand for the iPhone X, Apple captured 51 percent of the revenue in the world’s wholesale smartphone market. Apple’s global wholesale smartphone revenue reached $61.4 Manufacturers other than Apple, Huawei and Samsung took in a combined $31.5 With higher smartphone prices, Apple may have seen a boost to its top-line revenue. Apple sold a total of 77.3 Kuo also predicted that Apple will stop producing the premium model in 2018.

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Huawei Edges Out Apple In China

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A study of 1,000 Chinese consumers indicates that for the first time, local maker Huawei has edged out Apple for being the number one smartphone consumers are preparing to purchase. in China, Apple is having overall performance issues as all new models are underperforming past launches.

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Could A New Credit Card Put Apple Pay’s S-Curve In Motion?

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Apple and Goldman Sachs Group are in the midst of bringing a joint Apple Pay-designated credit card to market. The news comes at a critical juncture in the product lifecycle of Apple Pay. But Apple Pay’s adoption “curve?” After nearly 40 months on the market, adoption of Apple Pay has been essentially flat. The percentage of smartphone users who used Apple Pay for their last transaction, at a place where they could have, has changed.

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Trump Tariffs Threaten Apple US Price Increases

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Apple might have to raise prices on some of its products due to President Donald Trump’s latest proposals to charge a 10 percent tariff on Chinese imports. consumers might be paying more for products — such as Apple Watch, AirPods earphones and HomePod speakers — if Apple has to compensate for higher duties on the Chinese-made products. and China” as one of the “greatest risks” to Apple’s share price in the months leading up to the new iPhone in September.

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Analyst: Google Could Pay Apple $9B To Remain Default Search Engine

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In order to remain Safari’s default search engine, Google reportedly has an arrangement with Apple. Neither Apple nor Google have publicly discussed such a tie-up, but Analyst Rod Hall claims the search engine platform could end up paying Apple nearly $9 billion this year. Currently, Google is the default search engine for Apple’s iOS version of Safari. And Hall notes that “Apple is one of the biggest channels of traffic acquisition for Google.”.

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Apple Expands Developer NFC Access To Boost New Use Cases

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Apple is reportedly gearing up to allow third-party developers to get full access to the Near-Field Communications (NFC) chip in the iPhone with iOS 12. Citing The Information, 9to5Mac reported that Apple is aiming for the iPhone to be used for more digital payments and other interactions, such as opening hotel room doors or as a virtual transit card for easier access to transportation. In June of 2017, Apple took steps to open up its NFC chip.

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Apple Pay Goes to Brazil

Bank Innovation

Mobile payment platform for Apple users, Apple Pay is now available in Brazil thanks to a partnership with the country’s biggest private lender, Itaú Unibanco Holding SA, the company announced today. Exclusive Mobile Payments Apple Pay Mobile Payments P2P payments

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Apple Courts Major Newspapers For Subscription Service

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Apple had been holding discussions with some of the largest newspapers in the country about adding their content to its magazine app Texture , which it acquired in March. According to a report in Recode , citing people familiar with the conversations, Apple executives, led by the company’s content boss Eddy Cue, held talks with The New York Times , The Wall Street Journal and The Washington Post about coming on board with the app.

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Apple, Salesforce Team Up To Create New Business Mobile Apps

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Apple and Salesforce announced Monday (Sept. We’re excited to work with Salesforce and that their industry-leading [customer relationship management (CRM)] will embrace native iOS and deliver exclusive new features on iPhone and iPad,” said Tim Cook, Apple’s CEO, in a press release announcing the partnership. They are also working together to develop the first Salesforce mobile SDK that is optimized for Swift, Apple’s programming language.

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Apple Holds 41 Percent Share Of Smartwatch Market

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As global smartwatch shipments grew by 37 percent year-over-year in the second quarter, Apple has maintained dominance in the category with a 41 percent market share. Back in Q4 2017, Apple stepped up its strategy in the smartwatch segment by enhancing the features of smartwatches into broad-based functionalities, including some health and fitness tracking capabilities,” Counterpoint Research Analyst Satyajit Sinha said in the release.

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Can Apple’s ‘Lose Your Wallet’ Event Attract Users To Apple Pay?

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Apple wants people to lose their wallets. These 36 merchants all accept Apple Pay, and all will be offering exclusive discounts over the weekend – between 10 percent and 25 percent off – for customers using the mobile payment service. Square will be opening additional pop-up shops along Hayes Street and the Marina to offer even more exclusive Apple Pay offers. But Apple is optimistic. But in a good way.

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