Financial Times

Apple is set to be hit with a €500 million ($538 million) fine for allegedly breaking EU law over access to music streaming services, according to a Financial Times report. The focus of the European Commission's investigation has been Apple's policy of preventing streaming music apps from informing iPhone and iPad users within the app that lower subscription prices are available when signing ...

Independent record labels have expressed concerns about Apple's plans to pay more money for songs recorded in Spatial Audio, claiming it will only benefit the biggest companies in the marketplace, reports the Financial Times. Last week, Apple announced royalty incentives to encourage music artists and record labels to publish tracks in Spatial Audio. Apple said it will pay up to 10% more in...

Apple has been quietly making a series of artificial intelligence related acquisitions and staff hires in a bid to bring on-device AI to its next-generation iPhones, claims a new report by the Financial Times. According to the report, indications suggest Apple has been focusing on "tackling the technological problem of running AI through mobile devices." To that end, it has acquired several...

TSMC has already demonstrated prototype 2nm chips to Apple ahead of their expected introduction in 2025, the Financial Times reports. Apple is said to be closely aligned with TSMC in the race to develop and implement 2nm chip technology, which will surpass their current 3nm chips and associated nodes in terms of transistor density, performance, and efficiency. 2nm chips are expected to be...

Former Apple designer Jony Ive and OpenAI's Sam Altman are in advanced talks with SoftBank's Masayoshi Son to launch a $1 billion venture to build "the iPhone of artificial intelligence," according to the Financial Times. The news follows a report on Wednesday that claimed Ive and Altman are in discussions about creating an AI gadget. According to FT, Altman wants Ive's design agency...

Apple has been forced to make "drastic cuts" to production forecasts for its Vision Pro mixed reality headset due to the complexity of its design and difficulties in production, reported the Financial Times on Monday. Apple's $3,500 headset is set to go on sale early next year, but analysts have suggested the lengthy gap between its unveiling at WWDC in June and official launch could be more ...

Apple CEO Tim Cook sided with operations chief Jeff Williams in pushing to launch a first-generation mixed-reality headset device this year, against the wishes of the company's design team, the Financial Times reports. Apple headset concept by David Lewis and Marcus Kane The timing of the mixed-reality headset's launch has apparently been a cause of considerable contention at Apple. The...

Younger Americans prefer Apple over rival companies by significant margins, driving a generational shift toward Apple devices and social pressure, the Financial Times reports. According to the report, younger consumers are concerned about being socially ostracised for not having an iPhone – a phenomenon that is driving young people to buy other Apple products and services, leading to...

Apple is facing difficulties scaling up its production operations in India amid poor component yields and slow progress, the Financial Times reports. Image via iFixit The company is apparently contending with immense difficulties in ramping up production in the country. At a factory in Hosur run by Apple supplier Tata that manufactures iPhone casings, only one in every two components coming ...

Apple is facing increasing pressure to tighten its App Tracking Transparency rules after it was found that third parties are using workarounds to identify users who do not consent to be tracked, according to the Financial Times. Apple rules around App Tracking Transparency, which came into effect as part of iOS 14.5 and iPadOS 14.5, require apps to ask for consent to track users across...

EU regulators are taking aim at up to 20 big tech companies, including Apple, as part of a "hit list" that seeks to curb their market influence, reports The Financial Times. The plans reportedly involve the demand that larger tech companies face tougher regulations than smaller competitors, data sharing with rivals, and increased transparency on data gathering. The move is part of a wider...

Earlier this month, Financial Times reported that Apple had held talks with U.S. radio company iHeartMedia regarding the possibility of Apple taking a financial stake in the struggling radio company that filed for bankruptcy earlier this year. Despite its financial troubles, iHeartMedia remains the largest radio station owner in the country with over 850 AM and FM stations. Financial Times...

Apple is working on "several different kinds" of wearable augmented reality prototypes as it tries to figure out the "most compelling application" for an AR headset, reports Financial Times. Citing sources with knowledge of Apple's plans, Financial Times says at least one group within Apple is pushing for a pair of glasses that feature a 3D camera but no screens, making the iPhone the main...

Another rumor of Apple's interest in acquiring a company involved in film and television has come to light today, with Financial Times reporting that the Cupertino company was in talks to acquire production company Imagine Entertainment, co-founded by Ron Howard and Brian Grazer. The deal is said to have gotten "serious enough" to include Apple CEO Tim Cook and senior vice president Eddy Cue, but ...

Apple has approached British luxury carmaker and Formula One team McLaren about a potential acquisition, likely to be valued at between $1.3 billion and $1.9 billion, according to Financial Times. Apple is reportedly considering a full takeover of McLaren, or a strategic investment in the company, likely in an effort to bolster its widely rumored automotive project. Apple is said to be...

iTunes and services chief Eddy Cue proposed the idea of Apple bidding on media conglomerate Time Warner at the end of last year, according to the FT. The discussions reportedly never progressed beyond the preliminary stage, however, and did not involve Apple CEO Tim Cook or Time Warner CEO Jeff Bewkes. The meetings had reportedly been arranged for the companies to discuss other...

Apple has expanded its research efforts in virtual and augmented reality, building out a large team that is experimenting with headsets and other technologies, reports Financial Times in a detailed post on the company's virtual reality work that covers recent hires and acquisitions. Hundreds of employees are part of a "secret research unit" exploring AR and VR, with the team consisting of...

Apple is planning to alter its pricing formula for subscriptions in a major change that will benefit subscription-based apps and services like Netflix, Spotify, Hulu, and more, reports Financial Times. Apple is said to be considering changing the 30 percent fee that it currently charges and is discussing new commercial terms with media companies. At the current point in time, all apps and...

Ahead of the introduction of Apple's new streaming music platform, Financial Times has shared some key details about the service, confirming it will be called simply "Apple Music." With the launch of the service, Apple will be largely abandoning its iTunes branding, using the name only for the online store. As has been previously shared, Apple will not be offering a freemium ad-supported...

Apple is recruiting automotive technology and vehicle design experts to work in a new "top-secret research lab," according to Financial Times. The report adds that a number of Apple designers working under design chief Jonathan Ive have also been regularly meeting with automotive executives and creators in recent months, and even trying to hire them in some cases. A team of Apple employees,...