Apple in mid-April launched a new Savings account with a 4.15% yield, 10 times the national average for banks. “We are very pleased with the initial response,” Apple CEO Tim Cook told analysts in early May. Apple Card users can choose to grow their Daily Cash rewards by automatically depositing their Daily Cash into a high-yield Savings account from Goldman Sachs. Carleton English for Barron’s: Apple doesn’t aspire to be a bank, but it’s pushing deeper into financial services, aiming to generate extra income while keeping its one billion-plus iPhone users hooked on the Apple ecosystem. The company is expanding into payments with its Apple Pay service. It has built a credit-card business with Goldman Sachs Group, its partner for…

Apple will launch its online store in Vietnam next week on May 18th, as the company doubles down on emerging markets where it’s seen much recent success. We set an all-time record for Services and a March quarter record for iPhone. We were particularly pleased with the performance we saw in emerging markets and achieved all-time records in Mexico, Indonesia, the Philippines, Saudi Arabia, Turkey and the UAE, as well as a number of March quarter records, including in Brazil, Malaysia and India… On other emerging markets, we had a stellar quarter in emerging markets overall, as I had mentioned, with records set in a number of different places, including Indonesia and Mexico, the Philippines, Saudi Arabia, Turkey, UAE, and…

Macworld After announcing its big yearly operating system update in its WWDC keynote on June 6, 2022, and following months of beta testing, Apple made iOS 16 available to be installed on iPhones on September 12, 2022, followed by iPadOS 16.1 on October 24. But while tons of new features arrived in September, and even more in the months that followed, there is still more to come as Apple continues to work on iOS 16. In this article, we’ll tell you everything you need to know about iOS 16 and how it’s going to affect your iPhone and iPad experience if you haven’t updated yet, including new features, design changes, and details of any issues and flaws people are encountering…

Tom Forte, DA Davidson managing director and senior research analyst, joins CNBC’s “Squawk on the Street” to discuss the most important reason for Forte’s Apple upgrade, iPhone strength in reopening China, if iPhone will continue taking share from Android, and much more. Apple last week announced financial results for its fiscal 2023 second quarter ended April 1, 2023. The Company posted quarterly revenue of $94.8 billion, down 3 percent year over year, and quarterly earnings per diluted share of $1.52, unchanged year over year. “We are pleased to report an all-time record in Services and a March quarter record for iPhone despite the challenging macroeconomic environment, and to have our installed base of active devices reach an all-time high,” said…

Apple Music Live — the live performance series that gives the biggest stars in music a stage to connect with audiences around the world — will return for its second season on May 10th with global superstar Ed Sheeran. Apple Music Live returns for a brand-new season May 10th with a performance by Ed Sheeran. Season Two will kick off with an exclusive performance by award-winning global superstar Ed Sheeran at the Eventim Apollo in London. In the intimate live performance, Sheeran will showcase his brand-new album, – (pronounced “subtract”), in full for the first time alongside a 12-piece band that includes Aaron Dessner of The National. Sheeran’s Apple Music Live performance will debut on Wednesday, May 10, at noon…

Apple stock rose in pre-market trading on Friday after the world’s most valuable company beat Wall Street’s targets for its fiscal second quarter on strong sales in iPhones and services. Patrick Seitz for Barron’s: The Cupertino, Calif.-based company late Thursday said it earned $1.52 a share on sales of $94.8 billion for the quarter ended April 1. Analysts polled by FactSet had predicted Apple earnings of $1.43 a share on sales of $92.9 billion. “We are pleased to report an all-time record in services and a March-quarter record for iPhone despite the challenging macroeconomic environment,” Chief Executive Tim Cook said in a news release. Also, Apple increased its quarterly dividend by 4% to 24 cents a share. Plus, Apple’s board…