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Apple Expands Developer NFC Access To Boost New Use Cases

PYMNTS

Apple is reportedly gearing up to allow third-party developers to get full access to the Near-Field Communications (NFC) chip in the iPhone with iOS 12. By letting third-party app developers access its NFC chip, Apple could enable the secure storing of sensitive information. In June of 2017, Apple took steps to open up its NFC chip.

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Wearables Like Apple Watch Outsell Entire Watch Industry

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The Apple Watch had a record-breaking 2019, outselling the entire Swiss watch industry, a report by Strategy Analytics indicated on Wednesday (Feb. Apple Watch shipped 30.7 We believe Apple Watch is profitable, but not as profitable as some of the super-premium Swiss watchmakers,” Neil Mawston of Strategy Analytics told CNBC.

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Apple Pushes Toward Redesigned iPhone Release

PYMNTS

Apple’s annual release of new products is highly anticipated — but difficult to predict in terms of timing and the extent of the changes the company makes. According to a Bloomberg News report, Apple plans to offer redesigned top-tier iPhones that will upgrade the iPhone 11 Pro and iPhone 11 Pro Max.

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Apple Buys Spain's Vilynx For $50M To Use AI On Apps

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Apple has acquired Barcelona's Vilynx , which works in advanced artificial intelligence that could boost the iPhone's AI across various devices, Bloomberg reports. Apple acquired Vilynx earlier this year, according to people familiar with the issue, Bloomberg reports. Tags are created, which helps the video become searchable.

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10 Monday AM Reads

Barry Ritholtz

Barron’s ) • Why It’s So Hard for China to Shake the ‘Uninvestable’ Tag : In 2021, Goldman Sachs said the word was starting to feature in a number of client conversations about the country’s stocks. Venture-capital investments are plunging, along with valuations of prepublic companies.

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Apple Is Opening Its NFC Chip To Third-Party Apps

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Apple will enable third-party app developers to get access to the NFC chip inside the iPhone 7 and the iPhone 7 Plus via the iOS 11 that is coming soon. According to a report , Apple Pay had been the only service allowed to use Apple’s near-field communications chip that enables contactless payments.

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Apple Overhauls Leadership Ranks To Move Beyond iPhone

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In an attempt to lower its reliance on the iPhone, Apple is overhauling its leadership ranks and changing its priorities so that it is focused more on services, artificial intelligence, hardware and retail, reported The Wall Street Journal. Apple’s moves come at a time when demand for its iPhones is starting to slow.