A18 chip
Apple launches low-cost iPhone 16e, taking AI features to lower price points
Apple launched its latest low-cost model, dubbed the iPhone 16e, as it looks to grab a bigger share of the mid-range smartphone market.
9th U.S. Circuit Court of Appeals
Google to ask US appeals court to overturn app store verdict
Lawyers for Google and “Fortnite” maker Epic Games are set to square off before a U.S. appeals court in California as Google tries to undo a jury verdict and a judge’s order forcing it to revamp its app store.
ad revenue
Apple seeks to defend Google’s billion-dollar payments in search case
Apple has asked to participate in Google’s upcoming U.S. antitrust trial over online search, saying it cannot rely on Google to defend revenue-sharing agreements that send the iPhone maker billions of dollars each year.
Android
Feds Urge Usage Of End-To-End Encryption Following Massive Telecom Breach By Suspected Chinese Hackers
Following a massive telecom breach, Apple and Android users are being urged to restrain from receiving two-factor authentication codes through text, risking exposure of non-encrypted messages by suspected Chinese hackers.
AI
Apple Set for Biggest Revenue Jump in Two Years on IPhone Demand in China
Apple is expected to report its biggest quarterly revenue jump in two years, with iPhone demand faring better than recent years toward the end of the company’s annual release cycle
Alphabet
Stock Market: Dow Skyrockets 400 Points, On Pace To Close At Another All-Time High
The Dow increased over 400 points on Wednesday as major investors awaited the minutes of the Federal Reserve’s latest meeting, as certain shares fell after the U.S. stated it was considering breaking up Google.
Adam Kovacevich
US plan to break up Google’s search dominance threatens profit engine, AI growth
The U.S. Department of Justice’s proposed remedies to break up Google’s search dominance could weaken its main profit engine and stall its advances in AI.
Android
Apple loses top phonemaker spot to Samsung as iPhone shipments drop, IDC says
Apple’s smartphone shipments dropped about 10% in the first quarter of 2024.
Android
Western banks warn of risks in EU plan to grab Russian assets, sources say
Some western banks are lobbying against EU proposals to redistribute billions of euros in interest earned on frozen Russian assets.
Android
Google rebrands Bard chatbot as Gemini, rolls out paid subscription
Google says consumers can pay for better reasoning capabilities as it vies with Microsoft to win subscriptions.