The week just gone by was a rollercoaster of sorts for Apple Inc. (NASDAQ:AAPL). On one side, the company celebrated the outstanding sales numbers for its iPhone 15, while on the other, it found itself ensnared in uproar from fellow tech titans over its proposed EU App Store change. Furthermore, Elon Musk seemed to pour cold water on Apple’s new product, and Qualcomm extended its pacts with both Apple and Samsung.
Apple Under Fire Over EU App Store Proposal
CEO Mark Zuckerberg of Meta Platforms Inc. (NASDAQ:META), along with Microsoft Corp. (NASDAQ:MSFT), Spotify Technology SA (NYSE:SPOT), and Epic Games, openly criticized Apple’s plan for an alternative App Store in the European Union. Zuckerberg questioned the viability of this proposal during a post-earnings conference call, expressing skepticism about developers embracing Apple’s suggested alternative App Stores.
iPhone 15 Defies Global Slump
Despite a worldwide downturn in the smartphone market and stiff competition from Huawei in China, Apple CEO Tim Cook jubilantly announced the impressive performance of the iPhone 15. The smartphone has outperformed its predecessor, the iPhone 14, with a 6% increase in sales, particularly in Europe, Asia-Pacific, and emerging markets such as Latin America, India, and Indonesia.
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Elon Musk Skeptical About Apple Vision Pro
Tesla Inc. CEO Elon Musk has downplayed the positioning of the Apple Vision Pro as a “moon shot” attempt. Despite having shown initial interest in trying out the mixed reality headset, Musk now seems indifferent about the product, even resorting to mocking Apple CEO Tim Cook’s feature in Vanity Fair magazine.
Survey Shows Decline in iPhone 15 Pro Satisfaction
Contrary to Tim Cook’s statement regarding a 99% satisfaction rate for the iPhone 15, a survey revealed a decrease in customer satisfaction with the iPhone 15 Pro model. Despite its premium design and powerful A17 Pro chipset, customers seem to be least content with this model compared to others in the iPhone 15 series.
Qualcomm Extends Deals with Apple and Samsung
Chipmaker Qualcomm Inc. (NASDAQ:QCOM) has extended its agreements with both Apple and Samsung Electronics Co Ltd. (OTCPK:SSNLF). While the modem deal with Apple is now extended through 2027, the arrangement to supply Snapdragon chipsets for Samsung’s flagship Galaxy smartphones has been extended for an unspecified period.
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Photo by Jimmy Jin on Unsplash
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