Apple News
Apple set to gain as India scraps import tariffs on key smartphone and electronics parts
In a significant boost to its manufacturing ambitions in India, Apple stands to benefit substantially from the Indian government’s decision to eliminate import tariffs on several critical components used in mobile phones and electronic devices.
The move, announced on Wednesday, removes the existing 7.5% and 5% levies on parts essential for producing wireless charging modules for smartphones, displays for medical devices and automobiles, and lithium-ion cells. The exemptions will remain in effect until March 31, 2029.
India has explicitly positioned the policy change as a way to support major players like Apple, which has aggressively expanded its production footprint in the country over the past several years. The tech giant assembles millions of iPhones annually through partners such as Foxconn and Pegatron, with a growing share of its global supply chain shifting toward India.
“This should boost cost competitiveness, domestic value addition and localization of high-value smartphone and electronics manufacturing,” Manoj Mishra, a partner at Grant Thornton Bharat, told Reuters. He added that the lithium-ion cell exemption could particularly spur investment in domestic battery production for both electronics and electric vehicles.
Apple’s India Momentum
Apple has made India a cornerstone of its diversification strategy away from heavy reliance on China. The company opened its first retail store in the country in 2025 and has seen strong growth in both local sales and exports. iPhone production in India has scaled rapidly, with premium models increasingly manufactured locally.
By reducing input costs on key components, the duty removal lowers the financial burden on Apple’s suppliers, potentially accelerating further localisation efforts. Lower costs could improve margins on India-made iPhones or enable more competitive pricing in both the domestic market and for exports.
India’s broader electronics push aligns perfectly with Apple’s goals. The country aims to expand its electronics manufacturing sector to $500 billion by fiscal year 2030. Smartphone production has already surged 28-fold over the last decade, reaching 5.45 trillion rupees ($57 billion) in 2024/25.
Strategic Context
The revised tariff policy comes amid global supply chain uncertainties and ongoing efforts by multinationals to build more resilient manufacturing networks. For Apple, enhanced incentives in India support its long-term plan to increase the share of iPhones made outside China while tapping into one of the world’s fastest-growing premium smartphone markets.
Analysts expect the duty cuts to encourage deeper ecosystem development, including greater local sourcing of components. This could help Apple and its suppliers achieve higher levels of domestic value addition, a key requirement under India’s production-linked incentive (PLI) schemes that have already channeled billions into iPhone manufacturing.
MacDailyNews Take: This tariff exemption on wireless charging modules is especially timely and relevant for Apple, as MagSafe and its related magnetic ecosystem technologies sit at the very heart of the company’s accessory lineup and future product roadmap. Anything that lowers the cost and encourages deeper localization of these components in India is a clear win for Cupertino.
As India smartly continues to fine-tune its policies to court high-tech manufacturing investment, moves like this import tariff removal only strengthen the country’s growing appeal as a premier production hub. For Apple, the timing couldn’t be better. It further bolsters the company’s already impressive momentum in a market where it has consistently gained share, while accelerating and solidifying its critical supply chain diversification efforts away from over-reliance on any single region.
Bottom line, this is another smart, pragmatic step that plays directly into Apple’s strengths — and the company is well-positioned to capitalize on it.
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Apple releases third AirPods beta firmware, unlocking iOS 27 features
Apple continues its steady push toward the iOS 27 ecosystem with the release of a new developer beta firmware for its AirPods lineup. Build 9A5314b is now rolling out to developers, bringing compatibility for several major audio and interface enhancements coming in the fall.
What’s New in This Beta Firmware?
This marks the third beta iteration of firmware version 9.0 (following earlier builds like 9A5292e and 9A5304b). It prepares the following models for iOS 27, iPadOS 27, and macOS Golden Gate features:
• AirPods Pro 2 (including USB-C version)
• AirPods Pro 3
• AirPods 4 (standard and ANC models)
• AirPods Max 2
Key additions enabled by this firmware include:
• Custom EQ Support: Finally, users can tweak Lows, Mids, and Highs directly in the Settings app. This long-requested feature lets you personalize sound beyond Apple’s preset profiles — a big win for audiophiles and anyone frustrated with the stock tuning.
• Adaptive Mode Slider: Easier real-time control over noise control modes.
• Redesigned AirPods Settings Interface: A cleaner, more organized menu with better grouping and labels, making it easier to navigate all the features Apple has stacked on over the years.
• Enhanced Siri AI Compatibility: Seamless integration with Apple’s next-generation Siri intelligence.
Additional rumored or previously announced tie-ins (like GymKit syncing for AirPods Pro 3) may also see refinements here.
How to Install the Beta Firmware
- Ensure your iPhone, iPad, or Mac is running iOS 26 / iPadOS 26 / macOS 26 (or later betas).
- Connect your AirPods and open the dedicated AirPods settings page.
- Scroll down and toggle AirPods Beta Updates on.
- Place the AirPods in their charging case near your device (and ideally on a charger). The update happens automatically in the background — it can take minutes to hours.
Note: This is developer-only for now. A public beta may follow soon, but there’s no forced update button — patience (and charging) is required.
MacDailyNews Take: Apple’s AirPods firmware updates have historically been somewhat opaque and slow, but the company has made the beta process far more accessible this year. With iOS 27 expected in September, this firmware gets early adopters ready for meaningful upgrades like custom audio tuning and a refreshed user experience.
If you’re a developer or beta tester with compatible AirPods, this is worth installing to preview what’s coming. For everyone else, the stable version will arrive alongside iOS 27 this fall.
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Apple’s foldable iPhone on track for September 2026 launch, supply chain insiders confirm
Rumors of delays for Apple’s long-awaited first foldable iPhone have been circulating in early July 2026, fueled by the device’s complex assembly and reportedly low initial yields. However, multiple insiders from Apple’s supply chain companies have pushed back strongly, telling Caijing She that the product is proceeding normally with no known postponements.
The design and production plans are already finalized, and relevant suppliers are in peak production season as of early July. Multiple sources explicitly stated that the September 2026 delivery timeline faces “no issues” and that they have “not heard” of any plans to delay the launch.
This reassurance comes amid mixed analyst forecasts. One well-known analyst had predicted relatively limited shipments in the second half of 2026 (around 7–8 million units total, with only 500,000–1 million in early Q3) and a high price tag of roughly $2,300–$2,500. Supply chain voices have reportedly pushed back against those more conservative volume estimates.
Liquidmetal Hinge: The Key to Durability and a Near-Crease-Free Display Experience
One of the most intriguing technical details supporting Apple’s ambitious timeline is the rumored use of Liquidmetal (also known as amorphous metal or metallic glass) in the hinge mechanism.
According to prominent supply-chain analyst Ming-Chi Kuo, Apple plans to use Liquidmetal for critical hinge components (bearings/shafts), manufactured via a die-casting process. This marks the company’s first major application of the material in a structural mechanical part.
Apple has held exclusive worldwide rights to Liquidmetal technology for consumer electronics since 2010 (via a deal with Liquidmetal Technologies), but until now it has been limited to small components like the SIM card ejector tool.
Why Liquidmetal for the hinge?
• Its amorphous (non-crystalline) atomic structure makes it exceptionally resistant to bending, deformation, and denting.
• It is approximately 2.5× harder than titanium alloy while offering a smooth, glossy finish similar to high-end stainless steel.
• Superior corrosion resistance and fatigue strength suit a component that must endure hundreds of thousands of folding cycles.
• Precise die-casting enables tight tolerances, contributing to better screen flatness when unfolded and helping minimize the visible crease that plagues many competing foldables.
• It supports Apple’s goal of an ultra-thin design (rumors suggest the device could be around 4.5 mm thick when open).
The exclusive supplier for these Liquidmetal parts is reportedly Dongguan EonTec (also referred to as Yi’an Technology or related entities like Yihao Metal). The company had already shipped over 10 million central shafts for the hinge by the end of 2024 in preparation.
Later reports through mid-2026 indicate prototypes have reached carriers for network testing with the Liquidmetal hinge in place, and production continues to progress rapidly despite earlier yield challenges common to complex foldable mechanisms.
What to Expect from Apple’s First Foldable iPhone
The device is widely expected to be a book-style foldable rather than a clamshell. Rumored specs include:
• A large inner display around 7.8 inches when unfolded
• A cover display of about 5.5 inches
• Titanium frame elements for the body
• Premium pricing starting around $2,000
While exact details remain under wraps, the combination of a finalized design, active mass-production ramp-up, and advanced materials like Liquidmetal in the hinge suggests Apple is prioritizing durability, thinness, and a premium folding experience.
MacDailyNews Take: Supply chain confirmation that everything is on track for a September 2026 launch (likely alongside the iPhone 18 Pro models) is welcome news for fans who have waited years for Apple to enter the foldable category. If the rumored Liquidmetal hinge delivers on its promised advantages, Apple’s debut foldable could set a new benchmark for the category.
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Apple defies PC market slump with 10.1% growth in Q2 2026, powered by MacBook Neo
While the global personal computer market contracted for the first time in nearly two and a half years, Apple stood out as the clear winner. According to new data from IDC’s Worldwide Quarterly PC Tracker, Apple shipped 6.7 million Macs in the second quarter of 2026, representing a robust 10.1% year-over-year increase and capturing 9.9% of the worldwide market.
The overall PC market told a different story. Worldwide shipments fell 4.9% year-over-year to 68.2 million units in Q2 2026 — the first decline after nine consecutive quarters of growth — as a persistent memory chip shortage and rising component costs weighed on demand.
Apple’s performance was particularly striking when compared to its rivals in the top five:
• Lenovo: 16.6 million units (24.4% share, -2.1% YoY)
• HP Inc.: 13.0 million units (19.1% share, -9.0% YoY)
• Dell Technologies: 9.3 million units (13.6% share, -5.0% YoY)
• Apple: 6.7 million units (9.9% share, +10.1% YoY)
• Asus: 5.0 million units (7.4% share, +0.2% YoY)
MacBook Neo Drives Momentum
IDC analysts directly linked Apple’s strong showing to the successful launch of the MacBook Neo, Apple’s most affordable Mac laptop ever, which began shipping in March 2026. The new entry-level model helped expand Apple’s reach to first-time Mac buyers and students while maintaining strong demand for higher-end MacBook Air and MacBook Pro models.
“Apple’s share gain coincided with its latest product launch, the MacBook Neo,” said Jean Philippe Bouchard, vice president for consumer devices at IDC, in a statement. “While the company did raise prices in line with the broader market, it still remains well positioned against rivals facing the same cost pressures.”
Scale and Supply Chain Advantage
The results also underscore Apple’s structural advantages in the current environment. With its massive scale, long-standing supplier relationships, and diversified product portfolio (including iPhones and servers), Apple has been better able to secure critical components like memory chips compared to smaller competitors.
“As market conditions continue to worsen, the importance of supply chain management and capabilities are increasingly important,” Bouchard noted. “The largest vendors, with their buying power and long-standing supplier ties, are best positioned to take share from smaller rivals.”
What It Means for Apple
Apple’s Q2 performance demonstrates the company’s ability to grow even when broader PC demand softens. The combination of a compelling new affordable product (MacBook Neo), premium pricing power on higher-end models, and strong brand loyalty has allowed Apple to expand its footprint in the traditional PC market while many Windows PC makers struggled.
MacDailyNews Take: With memory shortages expected to persist and price pressure likely to continue into 2027, Apple appears well-positioned to maintain or even extend its gains in the second half of the year. For now, the message from the latest IDC numbers is clear: while the overall PC industry hit a speed bump in Q2 2026, Apple kept its foot on the accelerator.
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Apple TV shatters records with historic 87 Emmy nominations, led by breakout freshmen hits
The Television Academy has officially announced the nominations for the 78th Primetime Emmy Awards, and Apple TV has secured its most dominant showing in company history. Pushing past its previous company record of 79 nods, Apple captured a staggering 87 television nominations (89 total including commercial categories), locking in its place as an elite creative powerhouse.
The historic haul firmly places Apple TV as the third most-nominated network/platform of the year, trailing only heavyweights HBO Max (122 nominations) and Netflix (111 nominations). Most impressively, Apple achieved this milestone by leading all major streamers in pure comedy and drama categories, anchored heavily by an incredibly strong freshman class of programming.
Freshmen Phenoms Set the Pace
While industry forecasters anticipated a strong showing for veteran series, it was Apple’s rookie lineup that stole the spotlight. The horror-comedy sensation Widow’s Bay led the pack for Apple with 19 nominations, second overall in the comedy field only to the final season of HBO Max’s Hacks. Fronted by Matthew Rhys, who secured an Outstanding Lead Actor in a Comedy Series nomination, the series also yielded stellar supporting nods for Stephen Root, Dale Dickey, and Kate O’Flynn.
Right behind it was Vince Gilligan’s sci-fi thriller Pluribus, which achieved a spectacular 18 nominations. Its lone lead cast member, Rhea Seehorn, is already being pegged by awards prognosticators as the absolute frontrunner for Outstanding Lead Actress in a Drama Series.
Apple TV Excels in Major Series Categories
Apple TV demonstrated unprecedented breadth, successfully landing multiple contenders in both the premier Outstanding Drama Series and Outstanding Comedy Series brackets:
Outstanding Comedy Series Contenders:
• Widow’s Bay (19 nominations)
• Shrinking (9 nominations — including a Lead Actor nod for Jason Segel and a Supporting Actor nod for Hollywood icon Harrison Ford)
• Margo’s Got Money Troubles (Featuring Lead Actress nominee Elle Fanning and Supporting Actress nominee Michelle Pfeiffer)
Outstanding Drama Series Contenders:
• Pluribus (18 nominations)
• Slow Horses (9 nominations — including Gary Oldman for Lead Actor and Jack Lowden for Supporting Actor)
• Your Friends & Neighbors
A New Era of Streaming Prominence
The absence of last year’s heavy-hitters like The Studio left a competitive vacuum that Apple filled masterfully. Veteran spy-caper Slow Horses continued its consistent prestige run, securing a well-deserved Outstanding Drama Series spot along with a Lead Actor nod for Gary Oldman. Meanwhile, newcomers like Margo’s Got Money Troubles made an immediate splash, proving that Apple’s talent-first pipeline is operating like a well-oiled machine.
With the 78th Primetime Emmy Awards broadcast set for Sunday, September 14 on NBC (hosted by Mariska Hargitay), Apple TV heads into the fall with maximum momentum, establishing that its combination of high-concept prestige dramas and accessible comedy hits is an unbeatable formula.
MacDailyNews Take: Congratulations to all of the casts and crews of the nominated Apple TV fare! Full list of nominees here.
Anyone who loves quality TV should be subscribing to Apple TV!
MacDailyNews Note: Apple TV is available on the Apple TV app in over 100 countries and regions, on over 1 billion screens, including iPhone, iPad, Apple TV 4K, Apple Vision Pro, Mac, popular smart TVs from Samsung, LG, Sony, VIZIO, TCL and others, Roku and Amazon Fire TV devices, Chromecast with Google TV, PlayStation and Xbox gaming consoles, and at tv.apple.com, for $12.99 per month with a seven-day free trial for new subscribers. For a limited time, customers who purchase and activate a new iPhone, iPad, Apple TV 4K or Mac can enjoy three months of Apple TV for free.
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Apple closes in on Nvidia; poised to reclaim world’s most valuable company crown
In a dramatic shift in the tech landscape, Apple is rapidly narrowing the gap with Nvidia in the race for the title of the world’s most valuable company. As of early July 2026, Nvidia holds a slim lead with a market capitalization hovering around $4.7–4.8 trillion, while Apple sits just behind at approximately $4.5–4.6 trillion — within striking distance of overtaking its rival.
This proximity marks a notable comeback for Apple, which has long been a market leader, but ceded the top spot to Nvidia amid the explosive growth of artificial intelligence demand.
The AI Boom vs. Consumer Resilience
Nvidia’s ascent has been fueled almost entirely by its dominance in AI chips. The company’s data center revenue has skyrocketed, with explosive growth in GPU sales powering everything from training large language models to enterprise AI infrastructure. Investors have rewarded this momentum, pushing Nvidia’s valuation to record highs despite occasional volatility in the semiconductor sector.
Apple, by contrast, derives its strength from a more diversified and stable ecosystem. Its massive installed base of iPhones, Macs, and iPads, services revenue (including App Store, Apple Music, Apple TV, and iCloud), and growing enterprise presence provide a reliable cash flow engine. Recent reports of an expanded iPhone lineup — including potential new models and enticing AI integrations — have boosted investor sentiment, with Apple shares jumping nearly 5% in a single session as the gap with Nvidia narrowed.
Market Dynamics at Play
Several factors are contributing to Apple’s resurgence:
• Valuation and Stability: Apple trades at a premium multiple (around 37x earnings) compared to Nvidia’s (around 30x), reflecting its predictable growth. However, Apple’s lower volatility appeals to investors seeking shelter amid chip-sector sell-offs.
• Product Momentum: Rumors of a refreshed iPhone lineup, possibly including foldable devices or enhanced AI features, have created near-term excitement ahead of Apple’s earnings.
• Broader Tech Rotation: While Nvidia benefits from AI hype, any cooling in semiconductor enthusiasm—due to high valuations or supply concerns—creates openings for more established giants like Apple.
Alphabet (Google) also remains in the mix, with a market cap around $4.3–4.4 trillion, making the top three tech titans extremely competitive.
What Could Tip the Scales?
Analysts suggest Apple could reclaim the top spot as soon as this month if it delivers a strong earnings report on July 30 and Nvidia faces continued pressure in the chip space. A rumored multi-model iPhone release could provide the catalyst. However, Nvidia’s AI tailwinds remain formidable, with expectations of sustained high growth.
This battle underscores a broader theme in 2026 markets: the tension between high-growth AI infrastructure plays and resilient consumer tech empires. Regardless of which company wears the crown next, both highlight America’s enduring dominance in innovation and market value.
MacDailyNews Take: Perpetually undervalued Apple is breathing down overpriced Nvidia’s neck!
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Apple’s outgoing and incoming CEOs attend 2026 Sun Valley Conference
The Allen & Company Sun Valley Conference, long nicknamed “billionaire summer camp,” is underway this week in the Idaho mountain resort, drawing an elite roster of tech, media, and finance leaders for private discussions on AI, media consolidation, and big-ticket deals.
Apple is prominently represented by CEO Tim Cook and incoming CEO John Ternus, alongside services chief Eddy Cue. This marks a notable transition year for the compnay, as Cook prepares to step down in September 2026 after nearly 15 years at the helm, handing the reins to hardware engineering chief Ternus.
Cook, a longtime Sun Valley regular, brings institutional continuity and his signature deal-making presence. Ternus’s attendance signals his elevated role as the company’s next leader amid ongoing executive transitions and a push into AI. Eddy Cue, who oversees Apple’s growing services business (Apple Music, Apple TV, App Store, etc.), rounds out the delegation — highlighting Apple’s diversification strategy beyond hardware.
The gathering comes at a pivotal moment for Apple. The company is navigating AI advancements post-WWDC 2026, regulatory pressures, and succession planning following a wave of senior executive departures. Discussions in Sun Valley’s informal setting — hikes, golf, and cabin meetings — often spark major industry moves, though everything remains off the record.
Broader 2026 Guest List Highlights
Other notable attendees this year include:
• Tech/AI: Jeff Bezos (Amazon), Mark Zuckerberg (Meta), Sundar Pichai (Alphabet/Google), Sam Altman (OpenAI), Dario Amodei (Anthropic).
• Media/Entertainment: David Ellison (Paramount Skydance), Josh D’Amaro (Disney), Ted Sarandos and Greg Peters (Netflix), David Zaslav (Warner Bros. Discovery), the Murdochs (Fox Corporation and News Corp).
Observers expect hot topics to include AI infrastructure and investment, media mergers, and the evolving competitive landscape — areas where Apple is actively positioning itself under its shifting leadership.
This year’s Sun Valley summit continues its tradition as a discreet powerhouse venue where relationships forged in the Rockies can reshape industries. Apple’s delegation is well-placed to engage on the future of consumer tech, services, and AI.
MacDailyNews Note: While no specific Apple announcements have emerged from the closed-door event, the presence of Cook and Ternus together underscores a smooth handover and Apple’s commitment to high-level networking as it enters a new era. The conference typically runs through mid-July, with private jets clogging the local airport.
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Apple testing CXMT memory chips for china devices while lobbying Trump admin for clearance
Apple is actively testing memory chips from China’s ChangXin Memory Technologies (CXMT) for devices sold in China, while simultaneously lobbying the Trump administration for assurances to incorporate the supplier amid a severe global DRAM shortage.
According to the Financial Times and corroborating reports, Apple has begun qualification testing of CXMT’s DRAM products. Although the company has not yet committed to commercial volumes, the testing signals serious intent as it seeks to ease cost pressures and secure supply.
AI-driven demand for high-bandwidth memory has diverted production from consumer-grade DRAM and LPDDR, causing sharp price spikes (some contracts up 50-60%). This forced Apple to implement rare price increases of up to 20% on MacBooks, iPads, and other hardware in late June.
Adding CXMT (and potentially Yangtze Memory Technologies for NAND) would:
• Diversify beyond Samsung, SK Hynix, and Micron.
• Strengthen Apple’s negotiating position on pricing and allocation.
• Help guarantee supply through 2027, at least for China-market devices.
CXMT’s Rapid Ascent
CXMT, a CCP state-backed champion, has grown into the world’s fourth-largest DRAM producer with about 11% of global wafer capacity (forecast to hit 15% by 2028). It is mass-producing competitive DDR5 and LPDDR5X chips and preparing a major IPO.
Geopolitical Risks
CXMT remains on the Pentagon’s Section 1260H list of Chinese military-linked companies. While not outright banned for commercial purchase, deeper engagement could draw congressional criticism and regulatory scrutiny. Apple, including through direct engagement by outgoing CEO Tim Cook, is seeking political cover to mitigate that risk.
MacDailyNews Take: This development reflects the intense strain the AI boom is exerting on supply chains. Even Apple with its massive purchasing power is turning to alternative sources as traditional suppliers prioritize higher-margin AI customers.
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EU court upholds DMA Rules on Apple’s iOS and App Store
Europe’s General Court on Wednesday dismissed Apple’s appeal against the European Commission’s decision to designate its iOS operating system and App Store as core platform services subject to the bloc’s strict Digital Markets Act (DMA).
The ruling is a significant setback for Apple in its ongoing fight against the EU’s landmark antitrust rulebook, which aims to curb the power of big tech “gatekeepers” and open up competition in app distribution, payments, and related services. Apple has argued the rules threaten user privacy and security, and it can still appeal to the EU’s highest court.
Edith Hancock for The Wall Street Journal:
Apple appealed the European Commission’s decision to label its iOS operating system and App Store as core platforms that need to follow the DMA in 2024, and also challenged the EU executive’s move to investigate whether its iMessage messaging service should also be subject to the rules. Officials ultimately dropped the latter probe.
The general court also said that Apple’s appeal regarding iMessage is inadmissible.
An Apple spokesperson said the DMA’s mandate exposes users to privacy and security risks. “We will continue advocating for the innovation and privacy our European customers deserve,” they said. The company can still appeal Wednesday’s verdict at the Court of Justice of the EU.
MacDailyNews Take: As Apple has repeatedly warned, the DMA isn’t about “competition,” it’s about regulators in Brussels forcing Apple to degrade the secure, high-quality experience that actually sets iPhone apart, all while handing advantages to companies that don’t play by the same rules. European users will ultimately pay – and already are paying – the price with worse privacy, more security headaches, and less innovation.
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Apple to spend more than $30 billion with Broadcom to produce billions more American chips
Apple today announced a new multiyear commitment with Broadcom to design and produce custom silicon components and cutting-edge wireless connectivity technologies for a wide range of Apple products. The new agreement, expected to exceed $30 billion, will lead to the production of more than 15 billion U.S.-made chips and support hundreds of American jobs. Apple has been working with the Trump administration and businesses across the U.S. to help create an end-to-end silicon supply chain in America, and today’s announcement advances those efforts.
Broadcom is part of Apple’s American Manufacturing Program (AMP), launched last year to accelerate manufacturing in the U.S. This new agreement, which marks Apple’s largest AMP commitment to date, will enable Broadcom to expand and modernize its manufacturing facilities in Fort Collins, Colorado, with a $1.5 billion capital expenditure investment. Broadcom will produce advanced radio frequency components — including FBAR filters — and advanced wireless connectivity technologies at the Fort Collins facility.
“Apple and Broadcom have a long history together, and this new phase of our partnership further accelerates our commitment to American manufacturing and innovation,” said Tim Cook, Apple’s outgoing CEO, in a statement. “The cutting-edge components built in Fort Collins are essential to delivering the incredible performance and connectivity our customers expect, and we’re proud to deepen our investments in U.S.-based suppliers that share our commitment to excellence and innovation. We’re grateful to the president and his administration for supporting important projects like this one.”
“Broadcom is proud to continue to work with Apple after decades of success together, and we share a strong commitment to American innovation,” said Hock Tan, Broadcom’s president and CEO, in a statement. “With Apple’s newest commitment, we’re pleased to expand our manufacturing footprint in Fort Collins, where we create groundbreaking technology that connects people around the world.”
MacDailyNews Note: These investments are part of Apple’s commitment to invest $600 billion in the U.S. economy over four years, supporting manufacturing, job creation, and technology development across the country.
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Apple supplier Luxshare prices $3 billion Hong Kong listing
China-headquartered Luxshare Precision Industry, a major Apple supplier listed on the Shenzhen exchange, has priced its Hong Kong initial public offering (IPO) at the top end of its marketed range, aiming to raise approximately HK$24.27 billion ($3.09 billion).
The company set the offer price at HK$63.28 per H-share for 383.5 million shares. Trading in the new shares is scheduled to begin on the Hong Kong Stock Exchange on July 9.
Proceeds from the listing will support several strategic initiatives, including expanding manufacturing capacity in the automotive and consumer electronics sectors, investing in AI-driven factory upgrades, repaying debt, and bolstering working capital. A substantial share of the funds is directed toward automotive electronics as Luxshare deepens its involvement in the rapidly expanding intelligent vehicle supply chain.
Luxshare, founded by Chinese billionaire Wang Laichun, ranks among Apple’s largest suppliers. It produces components such as routers, wireless charging modules, and video-conferencing equipment.
The timing of the IPO aligns with strong global interest in AI and technology supply chains. Analyst Lukman Leong of Doo Financial Futures told Reuters, “Luxshare’s HK IPO is interesting because it comes at a time when global equity markets are still riding the AI euphoria. I see the IPO as benefiting from the current positive market sentiment toward AI and technology supply chains, while also reflecting HK’s renewed appeal as the preferred international fundraising venue for Chinese companies.”
Luxshare is one of five Chinese technology and advanced manufacturing firms that launched Hong Kong listings last week. The first half of 2026 has already recorded about $22.45 billion in new listings in Hong Kong, a 57% increase from the same period a year earlier, marking the busiest start to a year for the city in five years, according to LSEG data.
The surge underscores Hong Kong’s resurgence as a key destination for new share sales, driven by improving investor sentiment and demand for technology and manufacturing companies.The company plans to disclose the level of investor demand for its international offering on July 8.
MacDailyNews Note: In a related development, electronic ceramic materials maker Chaozhou Three-Circle also priced its H-share listing at HK$100.30, targeting proceeds of about HK$7.16 billion.
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Apple can actually benefit from the ‘RAMageddon’ memory supply shortage
Amid sharply rising memory and storage prices that are forcing many tech makers to hike prices, Apple is in a surprisingly strong position. While the company has raised prices on select iPad and MacBook models, its robust margins, new lower-priced lineup (including the MacBook Neo and iPhone 17e), and pricing power could make its products look more attractive relative to competitors — potentially driving market share gains and long-term ecosystem growth.
David Jagielski, CPA, for The Motley Fool:
[A]s other companies need to raise prices significantly due to rising memory and storage costs, Apple may not feel as much pressure to do so, given its strong margins. While it has announced price increases for some products, including the MacBook Neo, it has held off on raising iPhone prices for the time being. Other companies that don’t have Apple’s financial might may not have that same luxury. And as the gap between Apple’s products and lower-priced options diminishes, consumers may be more inclined to simply buy an Apple product.
Apple’s stock is up 15% since the start of the year, as concerns about rising prices don’t appear to be weighing on the business. While higher prices may negatively impact demand for some of its premium-priced products, there’s still hope that Apple might be able to capture greater sales on its lower-priced products and, in doing so, potentially attract more consumers into its ecosystem, leading to more future growth.
MacDailyNews Take: And there’s nothing that Mr. Market loves more than growth!
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J.P. Morgan boosts Apple price target to $345 on optimism over demand resilience
In a bullish note to investors released on July 7, 2026, J.P. Morgan analyst Samik Chatterjee raised the firm’s price target on Apple shares from $325 to $345, while maintaining an Overweight rating. The move reflects growing confidence that Apple can navigate near-term cost pressures while delivering stronger-than-expected revenue and earnings growth.
Chatterjee highlighted Apple’s demonstrated price elasticity—the ability to maintain or grow demand even as product prices rise—as a key driver. “We believe there are several drivers to lead the revenue and earnings outcomes to be much more favorable than currently feared by investors,” the analyst stated, echoing sentiments from the note covered by outlets like PED30 and AppleInsider.
A particular focus of the upgrade is Apple’s ability to absorb hardware cost increases, such as those driven by higher RAM requirements in upcoming devices, without derailing long-term revenue gains. JPMorgan believes these costs will not materially impact pricing power or consumer demand, thanks to the company’s loyal customer base and premium positioning.
Why the Optimism?
• Demand Resilience: Recent trends suggest iPhone demand remains robust despite economic uncertainties, with price increases being well-absorbed.
• Services and Ecosystem Strength: Apple’s growing services revenue provides a high-margin buffer against hardware fluctuations.
• Long-Term Upside: The firm sees multiple positive catalysts ahead, including potential AI enhancements, new product cycles, and continued ecosystem lock-in.
This latest target implies significant upside from Apple’s current trading levels, positioning the stock as attractive amid broader market volatility in tech. Wall Street consensus around Apple remains generally positive, though targets vary.
Investors will be watching Apple’s upcoming earnings and product announcements closely, as any signs of sustained demand could validate JPMorgan’s upbeat outlook. With shares reacting positively to analyst upgrades in the past, this note could provide further tailwinds for AAPL in the near term.
MacDailyNews Take: It’s been a very nice, very profitable couple of weeks!
The current $AAPL overreaction has us salivating! Can we have sub-$270, pretty please?#BackingUpTheTruck
— MacDailyNews (@MacDailyNews) June 25, 2026
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Apple TV’s new crime drama ‘Nocturne’ to debut October 30th
Apple TV on Tuesday unveiled a first look at “Nocturne,” the riveting new drama based on the internationally bestselling crime novels “Lazarus” and “The Sandman” by Lars Kepler. “Nocturne” stars and is executive produced by Tony Award winner, Actor Award winner, Emmy Award nominee and Golden Globe nominee Liev Schreiber, as well as Emmy Award nominee Zazie Beetz. The series also stars Emmy Award, Golden Globe and Actor Award winner Stephen Graham. The 10-episode drama is developed for television, written and executive produced by John Hlavin (“Shooter,” “The Man Who Fell to Earth”), who also serves as the series showrunner, and is created for television, written and executive produced by BAFTA Award winner Rowan Joffé (“Tin Star,” “Ballad of a Small Player”). “Nocturne” will make its global debut on Friday, October 30, 2026 with the first two episodes, followed by new episodes every Friday through December 25, 2026 on Apple TV.
The project tells the story of Jonah Lynn (Schreiber), an ex-soldier turned homicide detective who, tired of working the tough streets of Philadelphia, moves to a small town in western Pennsylvania for a quiet life. But, as the town and his family come under attack from the diabolically cunning serial killer Jurek Walter (Graham), Jonah must protect all that he holds dear. When the desperate search for Jurek’s last missing victim forces Jonah to send his surrogate daughter, FBI Agent Saga Bauer (Beetz), up against Jurek, how far will Jonah go?
The ensemble cast starring alongside Schreiber, Beetz and Graham includes Bill Camp, Rory Culkin, Chrissy Metz, Poorna Jagannathan, and Gary Carr.
Produced for Apple TV by A+E Studios in association with Range Studios, the series is created for television, written and executive produced by Joffé, and developed for television, written and executive produced by Hlavin, who also serves as the series showrunner. Emmy Award, Peabody Award and DGA Award winner Tim Van Patten (“Franklin,” “Masters of the Air,” “Black Mirror”) directs the first two episodes and serves as executive producer. In addition to starring, Schreiber executive produces, and Beetz executive produces via her Sleepy Poppy production company. Author Lars Kepler (Alexandra Coelho Ahndoril and Alexander Ahndoril), Øystein Karlsen, David Rysdahl, Dorothy Fortenberry and Niclas Salomonsson also serve as executive producers, while Julie Herrin serves as co-executive producer. Academy Award winner and Emmy Award nominee Barry Jossen and Tana Jamieson executive produce for A+E Studios. Heather Kadin, Peter Micelli and Jack Whigham executive produce for Range Studios.
Lars Kepler is one of the bestselling thriller authors in the world, and their 10 published crime novels have sold a total of 20 million copies globally. The book series has been translated into 40 languages and distributed in over 170 territories.
Apple TV offers premium, compelling drama and comedy series, feature films, groundbreaking documentaries, and kids and family entertainment, and is available to watch across all of a user’s favorite screens. After its launch on November 1, 2019, Apple TV became the first all-original streaming service to launch around the world, and has premiered more original hits and received more award recognitions faster than any other streaming service in its debut. To date, Apple Original films, documentaries and series have been honored with 850 wins and 3,626 award nominations and counting including multi-Emmy Award-winning and history-making comedies “The Studio” and “Ted Lasso,” global cultural phenomenon “Severance,” Apple’s most-viewed drama “Pluribus,” Academy Award Best Picture winner “CODA” and Academy Award winner “F1,” the highest-grossing sports feature of all time.
MacDailyNews Note: Apple TV is available on the Apple TV app in over 100 countries and regions, on over 1 billion screens, including iPhone, iPad, Apple TV 4K, Apple Vision Pro, Mac, popular smart TVs from Samsung, LG, Sony, VIZIO, TCL and others, Roku and Amazon Fire TV devices, Chromecast with Google TV, PlayStation and Xbox gaming consoles, and at tv.apple.com, for $12.99 per month with a seven-day free trial for new subscribers. For a limited time, customers who purchase and activate a new iPhone, iPad, Apple TV 4K or Mac can enjoy three months of Apple TV for free.
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Amazon slashes prices on all Wi-Fi iPad mini 7 models — up to $130 off
Amazon has launched a fresh round of discounts on the entire lineup of Wi-Fi-only iPad mini 7 models, offering savings of up to $130. This marks the first notable sale across all storage tiers since Prime Day, making the latest compact iPad more accessible for buyers seeking a powerful, portable tablet.
The iPad mini 7, known for its ultra-portable 8.3-inch design, A17 Pro chip performance, Apple Intelligence support, and landscape stereo speakers, is now available at the following discounted prices on Amazon:
• 128GB Wi-Fi iPad mini 7: $489 (originally $599) — $110 off
• 256GB Wi-Fi iPad mini 7: $589 (originally $699) — $110 off
• 512GB Wi-Fi iPad mini 7: $769 (originally $899) — $130 off
These models are available in multiple colors, giving buyers flexibility in style as well as capacity. While the deals don’t quite match the absolute lowest prices seen during earlier promotions (due to Apple’s recent price adjustments), they represent some of the strongest ongoing discounts currently available.
For users who rely on the Apple Pencil for note-taking, drawing, or precise input, Amazon is also offering the Apple Pencil Pro at $99, down from $129 — a solid $30 savings. This pairs perfectly with the iPad mini 7’s hover, squeeze, and barrel roll features.
Why Consider the iPad Mini 7 Now?
The seventh-generation iPad mini delivers flagship-level performance in a pocketable form factor, making it ideal for students, travelers, readers, and professionals who want iPadOS capabilities without the larger footprint of the iPad Air or Pro. With the current discounts, it’s an excellent time to upgrade or buy your first mini.
MacDailyNews Note: Prices and availability can change quickly, so it’s worth verifying the deals directly on Amazon. These promotions highlight Amazon’s continued competitiveness in the Apple ecosystem, especially as we move through the summer shopping season. Whether you’re looking for a versatile everyday tablet or a creative companion, the discounted iPad mini 7 delivers strong value right now.
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Apple intros permission popup for AI features sending data to Google Cloud in iOS 27 and iOS 26
Apple is enhancing transparency around its Apple Intelligence features by adding a new user permission popup that notifies and seeks consent before certain AI tasks send data to Google Cloud servers. The change appears in both the upcoming iOS 27 and the current iOS 26, 9to5Mac reports, reflecting Apple’s expanding use of external cloud infrastructure for advanced generative AI capabilities.
Background on Private Cloud Compute Evolution
When Apple Intelligence debuted in 2024, the company emphasized Private Cloud Compute (PCC) as a privacy-focused innovation. PCC originally ran exclusively on Apple’s own secure servers, earning praise from security experts for its strict controls and minimal data retention.
Starting with iOS 27—and already implemented in select iOS 26 apps—Apple is partnering with Google to power additional AI models. This collaboration extends PCC protections to Google Cloud infrastructure while maintaining strong security standards.
How the New Permission Prompt Works
The popup appears when users engage with specific AI-powered tools, such as:
• Shape generation features in iWork apps on iOS 26
• Similar generative tools in Freeform on iOS 27
The prompt clearly informs users that their data (typically just the typed prompt or edited image) will be processed on Google Cloud servers. Key details include:
• Google is prohibited from using the data to train its models or retaining it long-term
• Users can grant permission for one-time use or “always allow”
• The process remains isolated and aligned with Apple’s privacy commitments
This transparency measure was spotted in the iOS 27 beta and recent Apple Creator Studio updates, which preview advanced AI tools slated for broader release.
Apple’s Stance on Security
According to Apple, PCC on Google Cloud incorporates equivalent architectural safeguards to its on-device and Apple-silicon implementations. These include isolated processing namespaces, short-lived inference software, and confidential virtual machines for key management.
The company positions this as an evolution rather than a compromise, allowing more powerful AI features while upholding user control and privacy.
The move comes as Apple continues to roll out its Foundation Models, blending on-device, Private Cloud, and now select third-party cloud processing for optimal performance and capability.
MacDailyNews Take: What do you think? Does the explicit permission prompt make you more comfortable with cloud-based AI, or would you prefer to stick with only on-device processing?
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iPhone Air 2 reportedly to get 11% battery capacity boost
Apple is reportedly planning a meaningful battery upgrade for the second-generation iPhone Air, according to new supply chain information. The ultra-thin device, which launched earlier this year, could see its battery capacity increase by around 11% with the iPhone Air 2.
According to MacRumors‘ Tim Hardwick, the iPhone Air 2 is expected to pack a 3,500mAh battery. This represents a step up from the 3,149mAh cell found in the current iPhone Air model. While raw capacity gains don’t always translate directly to proportionally better real-world battery life, the increase should help extend usage times, especially when combined with other efficiency improvements.
A larger battery in the iPhone Air 2 could come from enhanced internal packaging, higher energy density cells, or a slightly thinner display stack that frees up space. Apple is said to be adopting Samsung’s CoE (Color Filter on Encapsulation) OLED technology for the next model, which could enable a thinner panel while maintaining the device’s signature slim profile.
The iPhone Air 2 is also expected to address one of the biggest criticisms of the original model by adding a second rear camera—likely an Ultra Wide lens—alongside the existing Wide sensor. This upgrade will require internal redesigns, particularly around the camera plateau area that currently prioritizes maximum battery space. How these changes interact with the larger battery remains to be seen, but Apple appears focused on balancing the device’s thin-and-light design with better versatility and endurance.
Powering the iPhone Air 2 will be Apple’s A20 chip, fabricated on a new 2nm process. This should deliver meaningful efficiency gains over the current A19, further supporting improved battery performance independent of the capacity bump.
MacDailyNews Note: The iPhone Air 2 is currently slated for a launch in the first half of 2027, expected to arrive alongside the standard iPhone 18 series and a more affordable iPhone 18e model. As with all early rumors, details could still change as development progresses.
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Apple Intelligence Home features require a 2TB iCloud+ plan
Apple is raising the bar for its most advanced smart home AI capabilities, tying key Apple Intelligence features in the Home app to a higher-tier iCloud+ subscription.
According to details spotted in the macOS 27 beta 3 release notes, using Apple Intelligence-powered camera features in the Home app will require at least a 2TB iCloud+ plan. This marks the first explicit storage requirement for these specific Home-related AI tools, building on Apple’s broader announcement at WWDC 2026 that some generative AI features would need a paid iCloud+ subscription.
What the Feature Does
The new capabilities bring AI smarts to HomeKit Secure Video cameras. The Home app will use Apple Intelligence to generate automatic summaries and descriptions of motion alerts — for example, turning raw video clips into helpful notifications like “Person detected at front door carrying a package” or contextual insights about activity.
This goes beyond basic motion detection, offering more intelligent, natural-language processing of home security footage directly in the Home app across iOS 27, iPadOS 27, and macOS 27.
Why 2TB?
Apple likely chose the 2TB tier because it already powers expanded HomeKit Secure Video support. The 2TB plan allows an unlimited number of compatible cameras, and video recordings from HomeKit Secure Video do not count against your iCloud storage quota. Adding on-device and cloud AI processing for video descriptions increases computational demands, so Apple is reserving the feature for higher-paying subscribers to help manage costs.
iCloud+ Pricing (US):
• 50GB: $0.99/month
• 200GB: $2.99/month
• 2TB: $9.99/month (required for these features)
• Higher tiers (6TB and 12TB) also qualify
The 2TB plan is also included in the Apple One Premier bundle ($37.95/month), which bundles multiple Apple services.
Strategy Echoes Competitors
Apple is following a model similar to Google’s, where advanced AI home features and higher usage limits are gated behind premium subscriptions. While some Apple Intelligence tools (like Image Playground) may offer tiered daily limits based on your plan, the Home AI features appear to be an all-or-nothing requirement at the 2TB level.
Users on lower-tier plans (or the free 5GB iCloud account) will still have basic HomeKit functionality, but will miss out on the AI-generated alert summaries.
MacDailyNews Note: This requirement highlights Apple’s hybrid approach to AI: combining on-device processing with cloud resources while using subscription tiers to balance accessibility and infrastructure costs.
The features are expected to roll out with the public release of iOS 27 later in 2026. For now, they remain in beta for developers and public beta testers.
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Siri AI arrives on Apple Watch with watchOS 27 beta 3
Apple has rolled out a significant update for Apple Watch users, bringing the enhanced Siri AI capabilities directly to their wrists. According to MacRumors‘ Juli Clover, the feature has now gone live in watchOS 27 beta 3, fulfilling a promise Apple made when the software was first announced.
The new Siri AI integration includes a dedicated Siri app that appears prominently in the Dynamic App Grid, which users access by pressing the Digital Crown. This smarter version of Siri can handle complex queries, generate responses, and complete tasks — all from the Apple Watch interface. Users no longer need to rely solely on voice commands or glances at their iPhone for advanced AI assistance.
Key details from the report highlight that Siri AI on the watch depends on a nearby Apple Intelligence-compatible iPhone for processing power. This on-device and cloud-hybrid approach ensures privacy and performance while extending the feature to the wearable. Additionally, conversations started on the Apple Watch sync seamlessly across a user’s ecosystem, including iPhone, iPad, and Mac, creating a unified experience.
This rollout comes amid broader changes in watchOS 27, which has already drawn attention for its compatibility decisions. The update supports newer models equipped with more advanced chips, reflecting Apple’s focus on hardware capable of handling modern AI features effectively.
Early user feedback shared in discussions around the MacRumors report has been largely positive, with some testers noting impressive real-world utility. For instance, users have successfully requested recipe ideas, added items to shopping lists, and saved notes — all initiated from their wrist even when the paired iPhone was out of immediate reach. While some have expressed disappointment that older Apple Watch models are excluded despite the iPhone-based processing, the convenience for supported devices marks a notable step forward in making AI more accessible on the go.
watchOS 27 drops support for several older models: Apple Watch Series 6, 7, 8, SE (2nd generation), and the original Apple Watch Ultra (1st generation).
MacDailyNews Note: Apple Watch owners enrolled in the developer beta program can now test these capabilities. The public beta is expected to follow in the coming weeks, with a full stable release anticipated later in 2026.
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Apple TV announces new thriller ‘Guilty Creatures’ with Julia Garner set to star
Apple TV on Monday announced it will expand its award-winning series slate with “Guilty Creatures,” a new thriller led by three-time Emmy Award and Golden Globe Award winner Julia Garner (“Ozark,” “Weapons”), who will star and executive produce. Craig Gillespie (“I, Tonya,” “Your Friends & Neighbors,” “Pam & Tommy”) will direct the series adapted from the acclaimed true-crime book by author Mikita Brottman. Stuart Zicherman (“The Shrink Next Door,” “Sweetbitter,” “The Americans”) will serve as showrunner and executive producer on the series, which is adapted for the screen by Sarah DeLappe (“Bodies Bodies Bodies”). “Guilty Creatures” is produced for Apple TV by Tomorrow Studios (“ONE PIECE,” “Physical”).
Based on the book “Guilty Creatures: Sex, God, and Murder in Tallahassee, Florida,” the series delves into the psyche of a torrid romance and subsequent act of murder between two young, adulterous but God-fearing lovers, unraveling their complex lives and the emotional toll of living as killers for 18 years. This riveting true-crime narrative, set against a backdrop of sex and murder in the Florida panhandle, promises to become an instant classic.
“Guilty Creatures” is produced by Tomorrow Studios, an ITV Studios partner, and developed through the studios’ first-look deals with Garner’s Alma Margo and Gillespie’s Fortunate Jack Productions. Marty Adelstein, Becky Clements and Alissa Bachner will executive produce through Tomorrow Studios, along with Garner through Alma Margo. Showrunner Zicherman also serves as executive producer alongside DeLappe. Gillespie and Annie Marter executive produce through Fortunate Jack Productions. Brottman will also serve as an executive producer.
Apple TV offers premium, compelling drama and comedy series, feature films, groundbreaking documentaries, and kids and family entertainment, and is available to watch across all of a user’s favorite screens. After its launch on November 1, 2019, Apple TV became the first all-original streaming service to launch around the world, and has premiered more original hits and received more award recognitions faster than any other streaming service in its debut. To date, Apple Original films, documentaries and series have been honored with 850 wins and 3,626 award nominations and counting including multi-Emmy Award-winning and history-making comedies “The Studio” and “Ted Lasso,” global cultural phenomenon “Severance,” Apple’s most-viewed drama “Pluribus,” Academy Award Best Picture winner “CODA” and Academy Award winner “F1,” the highest-grossing sports feature of all time.
MacDailyNews Note: Apple TV is available on the Apple TV app in over 100 countries and regions, on over 1 billion screens, including iPhone, iPad, Apple TV 4K, Apple Vision Pro, Mac, popular smart TVs from Samsung, LG, Sony, VIZIO, TCL and others, Roku and Amazon Fire TV devices, Chromecast with Google TV, PlayStation and Xbox gaming consoles, and at tv.apple.com, for $12.99 per month with a seven-day free trial for new subscribers. For a limited time, customers who purchase and activate a new iPhone, iPad, Apple TV 4K or Mac can enjoy three months of Apple TV for free.
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