The share price of Apple, by far the world’s most valuable company, with a market capitalization over $3 trillion, has surged 49% so far this year, increasing its weight in stock indexes to record levels. The company’s weighting in the S&P 500 has swelled to 7.6%, the biggest of any one stock in the history of the benchmark index, according to S&P Dow Jones Indices. Lewis Krauskopf for Reuters: That hefty weighting means moves in Apple’s shares have an outsized influence on index performance. If shares of Apple keep rallying, that could hurt the results of active fund managers, who strive to beat indexes such as the S&P 500 or Russell 1000. The issue has taken on additional urgency this…

Apple has been forced to make “drastic” cuts to production forecasts for its Apple Vision Pro spatial computer, Financial Times reports. The complexity of the headset design and difficulties in production are reportedly behind the scaling back of targets. Apple Vision Pro features a pair of advanced, custom micro‑OLED displays deliver more pixels than a 4K TV to each eye — for stunning clarity. Qianer Liu, Patrick McGee, and Kana Inagaki for Financial Times: [P]lans for a more affordable version of the device have had to be pushed back, according to multiple people with direct knowledge of the manufacturing process. Two people close to Apple and Luxshare, the Chinese contract manufacturer that will initially assemble the device, said it was…

Screenshot by Jay Peters / The Verge After a month of outrage, protests, and unrest from the community, Reddit has finally flipped the switch to shut down some third-party apps. Apollo, an iOS app that became a rallying point for the recent protests against Reddit’s imminent API pricing, no longer loads any content from the platform. When I open it up, all I see is a spinning wheel. Developer Christian Selig confirmed to me that Reddit is the one that turned things off, not him: “would have been nice to have been given a time,” he says in an email to The Verge. Well, looks like Reddit pulled the plug a little early. Apollo started crashing, but I just manually…

Popular third-party Reddit app Apollo is set to shut down after today as Reddit will be implementing its paid API changes tomorrow. Apollo's shuttering was announced earlier in June after developer Christian Selig was unable to work out a deal with Reddit to keep the app functional. Reddit as of tomorrow will be charging third-party developers who use its API. Every 1,000 API calls will be priced at $0.24, with 50 million available for $12,000. With the number of users that Apollo has and the average API calls used per person, Selig calculated that he would need to pay $1.7 million per month or $20 million per year to keep Apollo functional, a price point that he was not able…

Twitter appears to be adopting support for picture-in-picture mode on the iPhone and iPad, with some Twitter users reporting access to a feature that allows them to watch Twitter videos while doing other tasks on the ‌iPhone‌ and ‌iPad‌. Starting a video in Twitter and then swiping out of the app leaves the video player open, so Twitter users can use other apps while continuing to watch video content from the social network. Twitter has had an in-app picture-in-picture option previously, but the new feature allows Twitter video to be watched while using other apps, similar to how YouTube and other video content apps work on iPhones and iPads. Looks like Twitter videos now support the iOS system wide PiP.Note…

Apple supplier Taiwan Semiconductor Manufacturing Company today confirmed to TechCrunch that it recently suffered a data breach. TSMC is responsible for creating all of the A-series and M-series chips used in Apple devices. A TSMC spokesperson said that a "cybersecurity incident" caused data "pertinent to server initial setup and configuration" to leak, but TSMC customer information was not impacted."Upon review, this incident has not affected TSMC's business operations, nor did it compromise any TSMC's customer information. After the incident, TSMC has immediately terminated its data exchange with this concerned supplier in accordance with the Company's security protocols and standard operating procedures."Data from TSMC was listed on the LockBit ransomware gang's website on Thursday, with LockBit demanding $70 million to prevent…