Apple Stock News: New iPhone 12 Rumors and a New Coalition Against Apple App Store

Apple Stock News – iPhone 12 Rumors

apple stock news new iphone

In this week Apple stock news, a report by FirstPost claims that Apple is going to release its iPhone 12 lineup on October 13 and the lineup will likely include a 5.4-inch, 6.1-inch and 6.7-inch models. A recent report suggests that the 5.4-inch iPhone will be an entry-level smartphone and will likely be called the iPhone Mini. The leak further suggests that the 6.1-inch model will be simply called the iPhone 12. The other two models will be known as iPhone 12 Pro and iPhone 12 Pro Max, according to the leak.

Another report from MacRumors suggests that the new iPhone 12 models will ship with a new Lightning to USB-C cable that includes a braided fabric design.

More Companies are Rallying Against Apple’s App Store

coalition for app fairness

According to The Verge, Several of Apple’s biggest critics — including Epic Games, Spotify, Basecamp, Match Group, Tile, Blix, and Deezer — have banded together to create the Coalition for App Fairness, a new group aiming to “create a level playing field for app businesses and give people freedom of choice on their devices.”

The Coalition for App Fairness cites three main issues of contention: Apple’s 30 percent cut of any payments sold through the store, the lack of any other competitive options for app distribution on iOS, and a claim that Apple uses its control over iOS to favor its own services.

Downgrading to iOS 13 is No Longer Possible

apple iphone

According to AppleInsider, Following the release of iOS 14 last week, Apple no longer authenticating iOS 13.7 code, meaning device users who upgraded to iOS 14 are no longer able to download or install the now out-of-date operating system.

As of Monday, ‌iOS 14‌ was installed on approximately 26 percent of active iPhone, iPad, and iPod touch devices.

Apple routinely stops signing legacy code after the release of a new iOS build in part to protect customers from nefarious actors attempting to take advantage of newly discovered vulnerabilities. In addition to security, preventing users from downloading older code allows Apple to keep more iOS devices on the latest, feature-rich software.

EU May Require Apple to Give Competitors Access to Apple Pay

apple pay stock news

According to Bloomberg, The European Union is weighing legislation that could force Apple Inc. to open iPhone payment technology to competitors.

The potential rules would grant other payment services a right of access to infrastructure such as near-field communication technology embedded in smartphones, the European Commission said Thursday, confirming a Bloomberg report last week.

While Google’s Android phone allows rival apps to use NFC technology, iPhone and Apple Watch users can only make NFC payments using Apple Pay.

In a statement, the European commission said payment service providers should be able to develop and offer “innovative payment solutions using all relevant technical infrastructures, under fair, reasonable and non-discriminatory terms and access conditions.”

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