Apple Stock News: Pay Total Political Crap
Apple Stock News: Giovanni Pitruzzella, the advocate-general of the European Court of Justice, recommended overturning Apple’s victory in the EU General Court, citing errors. Though his opinion is non-binding, the EU tribunal usually follows such advice. In 2020, the General Court supported the EU’s right to investigate national tax arrangements but reversed a €13 billion tax ruling against Apple. Apple’s appeal argued they didn’t receive an illegal advantage in Ireland. Pitruzzella called the General Court’s decision flawed and called for a new assessment. Apple believes the lower court’s decision should stand. An ECJ ruling is expected next year.
Control Oversight Into Apple Pay
The United States Consumer Financial Protection Bureau (CFPB) has introduced new oversight requirements for technology companies, such as Apple, that offer digital wallets and payment apps. The proposed rule aims to subject companies processing over five million transactions annually to the same regulations as large banks and financial institutions supervised by the CFPB. This move comes in response to increasing consumer complaints about tech companies in the financial market, and the CFPB seeks to ensure these companies adhere to financial laws. The rule would provide the CFPB with more authority to examine the activities of tech companies, aligning them with traditional banking standards and safeguards.
OLED Display Production Reportedly to Begin Around February
LG and Samsung are set to commence mass production of OLED display panels for the upcoming iPad Pro models in February 2024. Bloomberg’s Mark Gurman anticipates the release of 11-inch and 13-inch iPad Pro models with OLED displays and an M3 chip, accompanied by an aluminum Magic Keyboard next year. Since OLED production won’t start until February, it’s unlikely for the new iPad Pro models to launch in March. A WWDC announcement in June or later seems more plausible, although Apple’s plans may change. The current iPad Pro models feature LCD panels, with the 12.9-inch variant also including mini-LED backlighting for improved brightness and contrast. OLED tech would eliminate the need for backlighting, offering advantages like higher contrast, lower power consumption, and potentially a slimmer design. Other iPad models like the Air, mini, and entry-level versions are expected to retain LCD displays. Apple’s last update to the iPad Pro series was in October 2022, introducing the M2 chip, Wi-Fi 6E, Bluetooth 5.3 support, hover functionality for the Apple Pencil, and ProRes video recording.
3D Movies on Apple TV
3D content is now visible in the Apple TV app as a precursor to the upcoming Vision Pro headset launch. The redesigned Apple TV app in tvOS 17.2 features a selection of movies with a 3D headset icon, but these movies can’t be played in 3D without the Vision Pro headset. The resolution and frame rate for these movies are currently unknown. Titles in the Apple TV app include Jurassic World Dominion, Pacific Rim Uprising, Shrek, Trolls, and more. Apple is set to offer 3D content, including Apple TV+ shows, in an immersive format for the Vision Pro headset, launching next year.