Apple Stock News: MagSafe Wireless Battery, Non-Gaming Mobile Apps

Developing MagSafe Wireless Battery Pack

apple stock news

Top Apple Stock News: According to the source, Apple is developing a magnetically connected wireless battery for the latest iPhone. This battery will be connected to the back of the iPhone 12 using the MagSafe system. All new iPhones can be charged using this system. The accessory will be similar in design to the MagSafe leather wallet accessories, with at least one prototype featuring a white rubber case.

MagSafe for iPhone adds a magnetometer and a single-coil NFC reader. It uses magnets to help correctly align the iPhone on a wireless charger. Previously, with a standard Qi wireless charger, it would charge much slower than average if the iPhone was not perfectly aligned. However, with a new MagSafe charger, placement is a breeze, and customers will get up to 15W of power.

Also, Apple has internally discussed allowing many mobile devices such as Apple Watch, AirPods, and iPhone to charge each other. Apple’s MagSafe technology is expected to be introduced to other products in 2021.

More Than $ 7.3 Billion Apple Spent On Its 10 Largest Deals

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Apple has acquired about 100 companies over the past six years. The company has spent more than $7.3 billion on its ten largest deals, more than 40% of which went to the $3 billion acquisition of Beats Electronics. Apple uses mergers and acquisitions as a tool to enrich its dominant products, focusing over time not only on the computer but also on the smartphone.


Take FaceID, the technology that allows users to unlock the iPhone X by looking at it, arose out of Apple’s chip and computer vision mergers and acquisitions, including acquisitions of companies such as PrimeSense and RealFace, and Faceshift.

Another big purchase was music recognition software company Shazam for $400 million in 2018. In 2020, Apple bought several artificial intelligence companies, a virtual reality event business, a payments startup, and a podcast business. In 2019, Apple bought, a self-driving bus firm, in a bid to reinvigorate its foray into self-driving technology.

Major deals reflect the evolution of Apple’s strategy, from the Mac platform (NeXT Computer) in the late 1990s to a focus on mobile devices (Intel, Dialog Semiconductor, Quattro Wireless), and now services such as Apple Music. (Beats, Shazam).

Spending On Non-Gaming Mobile Apps Are Growing


Downloads for business, education, health, and fitness apps have skyrocketed due to measures to stay at home during the health crisis. Apple customers could spend more on non-gaming mobile apps by 2024, according to SensorTower. In the early days of the pandemic, users spent more on mobile games in the App Store. Nevertheless, as restrictions expanded, customers’ attention shifted to photo and video sharing, dating, video conferencing, and instant messaging applications.


According to the source, consumers spent twice as much on mobile games in 2020 as on non-gaming apps in the Apple App Store but that will change in 2024.  Sensor Tower predicts spending on non-gaming apps will reach $86 billion, up from $73 billion in gaming.

It is expected that Europe will be a key market over the next five years, with revenue growth on the continent likely to outpace Asia and North America. Downloads in Europe are expected to grow to 36.9 billion by 2025, up from 28.4 billion in 2020, while revenue growth is expected to more than double to $42 billion over the next five years.

Read More About Apple Stock News in 2021

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