SAN JOSE - Apple announced it will be discontinuing its iTunes app in its new macOS 10.15 Catalina, during the keynote address at its annual developer conference WWDC. The 18-year-old iTunes app will be broken up into three apps - Apple Music, Apple TV and Apple Podcasts - instead, when the new operating system for Apple computers becomes available this fall, or around September. Launched in 2001, the iTunes app has been credited for ushering in a new era of paid music downloads at a time when illegal music downloads and sharing were rampant. However, times have changed. More consumers preferred to stream music rather than downloading music into their devices. Mr Bryan Ma, market research firm IDC's vice president of client devices research, said that streaming has the advantages of being able to access a vast catalogue of music without having to make individual purchases. Being cloud-based means a user doesn't have to physically move the music from one device to the next, Mr Ma … [Read more...] about Apple is discontinuing iTunes after 18 years
Apple announces new iphone
Many Apple fans have been sniffing for details about the upcoming iPhones this year and next year. Among the next-generation devices, however, many are hoping to finally get some clues as to when exactly will the tech giant release its successor to the very successful iPhone SE. Interestingly, a new report appears to have the answer. So here's what we know about the potential release of the iPhone SE 2. According to Chinese-language outlet Economic Daily News (via Digitimes), Apple's partner company Pegatron is about to land orders for a "4.7-inch revised version of the iPhone 8" soon. These units are expected to be launched around March 2020. This move seems odd since the company is known to be working on its next devices and not the 2017 iPhone model. MacRumors picked up this report and indicated that this could be the iPhone SE 2. The Apple-centric news outlet surmised that this might mean that the long-awaited handset could sport iPhone 8 internals. If true, then the iPhone SE 2 … [Read more...] about iPhone SE 2 release date: Revamped SE model arriving next year?
NEW YORK (BLOOMBERG) - For investors who were accustomed to the invincible leadership of tech stocks, the bull case is looking shakier by the day. Just look at the Nasdaq 100 index. For a second session, the tech-heavy benchmark fell more than 1 per cent, poised for the longest streak of losses of this size since December. Leading the retreat were Baidu Inc. and Tesla Inc. as concern over their respective earnings sent the stocks down at least 5 per cent. Chipmakers such as Xilinx Inc. and Qualcomm Inc. also lagged toward the bottom as the Trump administration's threats to choke Huawei Technologies Co. hit some of the biggest component-makers. Down 12 per cent in May, the Philadelphia Stock Exchange Semiconductor Index is heading for its worst month since the 2008 global financial crisis. Another victim of trade angst is Apple Inc., the iPhone maker that sits in the crossfire of a new round of tariff hikes between the US and China. Its stock sank 3 per cent to a two-month low. Amid … [Read more...] about Nasdaq loser board strewn with big names as Apple, Tesla plunge
NEW YORK: Wall Street stocks plunged on Monday (May 13) after China announced new tariff measures on the United States, reviving fears the months-long conflict could deteriorate further.The Dow Jones Industrial ended at 25,324.99, down 617.38 points, or 2.38 per cent.The broad-based S&P fell 69.53 points (2.41 per cent) to 2,811.87, while the tech-rich Nasdaq Composite Index tumbled 269.92 points (3.41 per cent) to 7,647.02.The battering left the Dow at its lowest close in more than three months and amounted to the Nasdaq's worst day in 2019.US stocks opened sharply lower and kept falling after Beijing announced it would increase tariffs on US$60 billion worth of US goods from Jun 1, striking back after the latest moves by Washington to lift tariffs and potentially impose additional levies on Chinese goods soon.The editor of the party-owned Chinese newspaper Global Times said on Twitter that Beijing was considering additional actions, including dumping US … [Read more...] about Dow ends down 2.4% as new China tariffs batter Wall Street
REUTERS: Apple Inc on Tuesday forecast stronger-than-expected third-quarter revenue and Chief Executive Tim Cook said iPhone sales had started to stabilize in China, a sign that Apple's price cuts there are helping limit sales declines.IPhone sales marked their steepest decline ever, falling 17 percent in the fiscal second quarter from a year earlier and slightly missing analyst expectations. But Apple executives said a pickup in iPhone sales toward the end of the second quarter, along with growth in sales of services and wearable devices, made them optimistic about the current quarter.Shares rose more than 5 percent to US$211.50 in after-hours trading after Apple announced the results.Apple said it expects revenue between US$52.5 billion and US$54.5 billion for the current quarter ending in June, above analysts' average estimate of US$51.93 billion, according to IBES data from Refinitiv.In an interview, Apple Chief Executive Tim Cook said that iPhone sales started to strengthen during … [Read more...] about Apple optimistic on sales as iPhone price cuts help in China