Apple

2022 - 6 - 6

WWDC 2022 WWDC 2022

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Image courtesy of "CNBC"

Apple just updated its best-selling Mac — here's what it looks like now (CNBC)

The MacBook Air is the best-selling Apple laptop, and the new design will likely boost Mac sales in the coming quarters.

At its heart is Apple's newest M2 chip, which was announced Monday and will be faster and more power-efficient than Apple's previous chip. In recent years, the Mac product line has been growing strongly — shipments grew about 28% in 2021 versus just under 15% for the entire market, according to a Canalys estimate. - The new MacBook Air is more expensive than before, starting at $1,199 versus $999 for last year's model, which remains available.

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Image courtesy of "The Washington Post"

Key Highlights from Apple's 2022 worldwide developers conference (The Washington Post)

Apple's Worldwide Developer Conference offers an annual peek at the new software coming to iPhones, iPads, Macs and more. Here are the features most worth ...

We have gone through the settings for the most popular (and problematic) services to give you recommendations. But perhaps the most curious twist to the Apple watch experience is that you might not need to own one to get a taste. Data and Privacy: A guide to every privacy setting you should change now. Once WatchOS 9 arrives, for example, wearers will be able to take a closer look at the quality of their sleep. Notifications from apps will also now roll in from the bottom of the screen, so they won’t cover up the photo and font you picked out for your new custom lock screen. Meanwhile, Apple watch owners concerned about cardiac health will be able to see how much time their hearts spend in beating abnormally — known as “AFib,” or atrial fibrillation.

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Apple unveils buy now, pay later feature and redesigned iPhone ... (The Guardian)

The company is also redesigning the iPhone's lock screen, in the most substantial visual redesign the operating system for iPhones has received since the ...

And they will be able to swipe through multiple lock screens, with different looks and functionality for different use cases – a work lock screen could pin emails and mute social media, for instance, while a weekend lock screen could have more casual pictures and hide communications from work. For many, the most important change announced at the event will be for their iPhone lock screens. Apple’s buy now, pay later offering will compete with companies like Klarna and ClearPay by letting users take out an interest-free four-month loan on any payments made using its Apple Pay service.

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Image courtesy of "Apple Newsroom"

Apple unveils an all-new Lock Screen experience and new ways to ... (Apple Newsroom)

Users can personalize their Lock Screen, keep family photos in iCloud Shared Photo Library, recall sent messages, schedule mail, and discover more with Live ...

It includes an emergency reset that helps users easily sign out of iCloud on all their other devices, reset privacy permissions, and limit messaging to just the device in their hand. - The Health app adds Medications, allowing users to conveniently build and manage a medications list, create schedules and reminders, and track their medications, vitamins, or supplements. - The Fitness app is available to all iPhone users to help track and meet fitness goals, even if they don’t have an Apple Watch. iPhone users can set up a daily Move goal in the Fitness app and see how their active calories will help close their Move ring. - Dictation offers a new on-device experience that allows users to fluidly move between voice and touch. - Apple Maps is introducing multistop routing, so users can plan up to 15 stops in advance and automatically sync routes from Mac to iPhone when they’re ready to go. A software update to iOS 16 will bring support for the Matter smart home connectivity standard once it becomes available later this fall, enabling a wide variety of accessories to work together seamlessly across platforms, helping fulfill the true vision of a smart home. A user can also choose to send photos to the Shared Library automatically using a new toggle in the Camera app. Browsing in Safari is even safer with passkeys, unique digital keys that are easy to use, more secure, never stored on a web server, and stay on device so hackers can’t steal them in a data breach or trick users into sharing them. Users can choose to share existing photos from their personal libraries, or share based on a start date or people in the photos. They will also work across apps and the web, and users can sign in to websites or an app on non-Apple devices using just their iPhone. Now users can schedule emails ahead of time and are even given a moment to cancel delivery of a message before it reaches a recipient’s inbox. CarPlay will be able to provide content for multiple screens within the vehicle, creating an experience that is unified and consistent.

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Apple unveils M2, taking the breakthrough performance and ... (Apple Newsroom)

Apple today announced M2, beginning the next generation of Apple silicon designed specifically for the Mac.

- Testing conducted by Apple in May 2022 using preproduction 13-inch MacBook Pro systems with Apple M2, 8-core CPU, 10-core GPU, and 16GB of RAM. Performance measured using select industry‑standard benchmarks. - Testing conducted by Apple in May 2022 using preproduction 13-inch MacBook Pro systems with Apple M2, 8-core CPU, 10-core GPU, and 16GB of RAM. Performance measured using select industry‑standard benchmarks. Performance tests are conducted using specific computer systems and reflect the approximate performance of MacBook Pro. The power-efficient performance of M2 helps the new MacBook Air and 13-inch MacBook Pro meet Apple’s high standards for energy efficiency. And, M2 delivers the peak performance of the PC chip while using just a quarter of the power.2 When compared to the latest 12-core PC laptop chip — which needs dramatically more power to deliver an increase in performance and is therefore found in thicker, hotter, more noisy systems with less battery life — M2 provides nearly 90 percent of the peak performance of the 12-core chip while using just one-fourth the power.3 M2 brings all of this — plus new custom technologies and greater efficiency — to the completely redesignedMacBook Airand updated 13-inch MacBook Pro.

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macOS Ventura adds powerful productivity tools and new Continuity ... (Apple Newsroom)

macOS Ventura, the latest version of the world's most advanced desktop operating system, takes the Mac experience to a whole new level.

Users can choose to share all of their existing photos from their personal libraries, or share based on a start date or people in the photos. Users can also now lift the subject away from an image and drop it into another app. The result is accelerated performance that provides gamers with a more responsive feel and graphics that look stunning. Passkeys make it simple to sign in securely, using Touch ID or Face ID for biometric verification, and iCloud Keychain to sync across Mac, iPhone, iPad, and Apple TV with end-to-end encryption. Metal 3, the latest version of the software that powers the gaming experience across Apple platforms, introduces new features that take the gaming experience on Mac to new heights and unleash the full potential of Apple silicon for years to come. In macOS Ventura, Safari introduces a powerful new way for users to browse together: With shared Tab Groups, friends, family, and colleagues can share their favorite sites in Safari and see what tabs others are looking at live. Users can also build a list of bookmarks on a shared Start Page, and even start a Messages conversation or FaceTime call right from Safari — great for planning a trip or researching a project together. Handoff now comes to FaceTime, allowing users to start a FaceTime call on one Apple device and seamlessly transfer it to another Apple device nearby. Continuity Camera now gives Mac customers the ability to use their iPhone as a webcam, and unlocks new capabilities that were never possible before on a webcam. Users can quickly find what they are looking for as soon as they click into search, including recent emails, contacts, documents, photos, and more, all before they even start typing. Stage Manager works in concert with other macOS windowing tools — including Mission Control and Spaces — and users can now easily get to their desktop with a single click. “macOS Ventura includes powerful features and new innovations that help make the Mac experience even better.

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Apple announces new flagship M2 processor (The Verge)

Apple is announcing its M1 successor today. The new M2 chip is designed for the company's new Mac Pro desktop computer, bringing a lot more power to Apple ...

More details on the new MacBook Air right here. The first Mac to get the M2 chip is one of Apple’s most popular laptops, the MacBook Air. The wedge shape of the MacBook Air has been switched up for a thinner profile this time, and the M2-equipped laptop also comes with MagSafe charging. In reality, this means systems that run M2 chips will be able to play multiple streams of 4K and 8K video simultaneously.

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Everything Apple Announced at WWDC 2022: New MacBooks, iOS ... (WIRED)

The company's annual developer conference kicked off today, with a keynote address stuffed with new product news.

There’s also a new 13-inch MacBook Pro with the M2 chip inside. Apple’s new chip is built on the same proprietary hardware that the company’s been packing into most of its new machines. But there’s also a new MacBook Air and a new M2 processor. Inside, there’s a new M2 chip (more on that below) that improves performance and battery life. The 2022 MacBook Air has a new case design that’s 20 percent thinner than the previous model, and it features slimmer bezels around the screen and a smaller notch for the webcam at the top of the display. Also, big news: It has MagSafe. The magnetic charging attachment appears on the new MacBook Air in place of the Thunderbolt charging that Apple has been moving toward lately.

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Image courtesy of "Apple Newsroom"

watchOS 9 delivers new ways to stay connected, active, and healthy (Apple Newsroom)

Introducing more customizable watch faces, an enhanced Workout app, a first-of-its-kind AFib History feature, sleep stages, and a Medications app.

The Medications app on Apple Watch makes it easy for users to conveniently and discreetly track medications anytime, anywhere. - With new Quick Actions on Apple Watch, users can do even more with a double-pinch gesture, including answer or end a phone call, take a photo, play or pause media in the Now Playing app, and start, pause, or resume a workout. Users will see sleep stage data on Apple Watch in the Sleep app and can view more detailed information, like time asleep, alongside additional metrics, like heart rate and respiratory rate, in sleep comparison charts in the Health app on iPhone. The Sleep experience on Apple Watch already empowers users to create Wind Down and Bedtime schedules, as well as track their sleep to help them meet their goals. Users will also receive weekly notifications to understand frequency and view a detailed history in the Health app, including lifestyle factors that may influence AFib, like sleep, alcohol consumption, and exercise. Using signals from the accelerometer and heart rate sensor, Apple Watch can detect when users are in REM, Core, or Deep sleep. Apple Fitness+ is the first fitness and wellness service built around Apple Watch, designed to be welcoming to all. Users can choose to race against their best or last result on frequently used routes, and receive alerts during the workout for being ahead or behind their pace, as well as when going off route. Apple Watch is already a powerful tool for runners, and watchOS 9 brings more data and features to help track how efficiently users run. The Apple Watch experience starts with watch faces, which give users the opportunity to express personal style while connecting them to relevant information at a glance through complications. “Users around the world love Apple Watch for helping them stay connected to those they love, be more active throughout the day, and better manage their health,” said Jeff Williams, Apple’s chief operating officer. watchOS 9 brings sleep stages to the Sleep app, and a new FDA-cleared AFib History feature provides deeper insights into a user’s condition.

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Apple provides developers with even more powerful technologies to ... (Apple Newsroom)

WeatherKit gives developers the ability to integrate Apple Weather forecast data directly into their apps, and Xcode Cloud — Apple's continuous integration and ...

- MapKit: Third-party apps can include the detailed 3D city experience and Look Around for a richer user experience. And Swift Charts can be customized to almost any charting need so developers can better visualize the data in their apps. SKAdNetwork also features hierarchical conversion values to allow developers to receive more information about conversions for smaller campaigns, and developers can better calculate return on ad spend by offering multiple conversions at defined time windows. - Collaboration tools: The rich collaboration features built into Messages are available to third-party apps. Swift adds a powerful string processing capability with new regular expression literal support built directly into the language, allowing developers to quickly check the correctness of their regular expressions and extract information with less code. The SKAdNetwork API comes with new features designed to help ad networks and advertisers better measure how ads perform in apps or on the web while still preserving user privacy. Developers who need more will be able to purchase additional tiers of service right in the Apple Developer app starting this fall. It enables developers and teams of all sizes to build, test, and deliver high-quality apps even more efficiently by automatically building apps in the cloud to free up their Mac for other tasks. And with SharePlay support, it’s easier than ever for users to play together in real time. Widgets on the Lock Screen enable developers to surface key information from their apps in a new way, while other new APIs across Apple’s platforms help them build more unique features. WeatherKit gives developers the ability to integrate Apple Weather forecast data directly into their apps, and Xcode Cloud — Apple’s continuous integration and delivery service built into Xcode — is now available to every Apple Developer Program member to help them create higher-quality apps, faster. Metal 3 — the latest version of Apple’s graphics framework — comes with new features that enable game developers to tap into the power of Apple silicon for even greater gaming performance.

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Image courtesy of "CNN"

Apple WWDC 2022: Revamped lock screen and big changes to ... (CNN)

Apple kicked off its annual developer conference by unveiling its next-generation mobile software, iOS 16, with new features that will let users personalize ...

A new medications app will let users track, manage and understand the medications people take and notifies users when to take them. And the software will offer more personalized wallpapers for the lock screen and the ability to shuffle options throughout the day. In addition, enhanced sleep tracking will monitor when a user goes in and out of light and deep sleep. And a tool called Passkeys is intended to replace passwords by using Touch ID or Face ID to authenticate across apps and devices. Meanwhile, iOS users in the US will be able to spread payments over 8 weeks on Apple Pay, similar to a "buy now, pay later" service. Apple also teased several new options to better customize the lock screen and improve the notifications experience.

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Apple to introduce new "undo send" feature for iMessage in iOS 16 ... (CityNews)

By Lucas Casaletto. Posted Jun 6, 2022, 2:24PM EDT. Apple is changing how iPhone users send text messages, introducing an upcoming feature that will allow ...

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WWDC 22 live updates: Apple unveils iOS 16, the latest update for ... (USA TODAY)

iPhone owners will get the first glimpse of how their devices will change during Apple's keynote Monday at the Worldwide Developers Conference.

The most notable rumored update Apple could reveal is iOS 16 supporting an always-on display, which could provide basic information to users without having to wake the device. Visual lookup will not only spot items in an image and allow you to search them, but you can grab specific elements in the photo and paste them into a message. Notifications will stream from the bottom of the screen with iOS 16, and users can even hide them completely. Apple is upgrading to M2 chips, the latest version of the chips which will run future Mac computers. The app can manage access to your device, disable location sharing, or set up an emergency reset of your phone. Ventura, the name of the new macOS, will include Stage Manager, a feature which will let Mac users focus on the app they're using without the clutter. Apple is introducing some updates to the in-car system CarPlay. Among them: upgraded odometers with an Apple aesthetic, widgets providing trip information, navigation tools and weather details. Passkeys can't be leaked or compromised, said Apple. With a Passkey, you can sign up or log in to a service just using the iPhone. Let's say you start a call on the iPhone. If you're near a Mac, it will alert you asking whether you want to continue your call on the Mac. Another incredible feature: the ability to use your iPhone as a really fancy webcam. It's now the iPad's turn, which is also going to get a big update this fall. There will be a new display scaling setting, to adjust the size of an app's view when multitasking or using the split screen feature. All the operating systems will become available to users this fall.

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Image courtesy of "Apple Newsroom"

Apple announces winners of the 2022 Apple Design Awards (Apple Newsroom)

“The work of this year's Apple Design Award winners embodies how apps can be transformative, uplifting, or even provide an escape through creative gameplay — ...

It’s a truly amplified take on the audiovisual experience. With its cinematic feel, sizzling visual effects, and tactile gameplay, Castaways is a force to be reckoned with. Developer: Lux Optics (United States) The game’s unique mechanic provides plenty of freeflying fun, but its environmentally conscious storyline — and the subtle empathy involved with playing as another living being — teaches a crucial lesson. Rebel Girls shares the stories of the world’s most influential women — Ruth Bader Ginsburg, Simone Biles, and Frida Kahlo, to name just a few — through rich audio and gorgeous original art. The game’s narrative unfolds with a richly animated minimalism, the gameplay puts a novel spin on the rhythm game, and the end result illustrates how seemingly disparate design elements can work in perfect concert. The app is packed with a mountain of data but designed to be as easy to navigate as a run on the bunny slopes. With its sensational designs, playful haptics, and elegant gamification, this life hack adventure plays out as an inspiring journey through forests and mountains — it makes tracking habits a truly artistic experience. An Apple Arcade original, Wylde Flowers brings a refreshingly diverse storyline and cast of LGBTQIA+ representative characters to players with a witchy twist. Procreate, a world-class tool for artists and designers, brings people more creative power than ever through its iPad app. The winners were chosen from 36 finalists, all of which have demonstrated outstanding technical achievement. This year’s winners include developers from around the world who were selected for delivering innovative, creative, and beautifully designed experiences through apps that inspired users with vision, purpose, and brilliance.

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Apple unveils all-new MacBook Air, supercharged by the new M2 chip (Apple Newsroom)

MacBook Air features a new, strikingly thin design in four finishes, 13.6-inch Liquid Retina display, 1080p HD camera, MagSafe charging, and more.

- The all-new MacBook Air and updated 13-inch MacBook Pro will be available onapple.com/storeand in the Apple Store app. Performance tests are conducted using specific computer systems and reflect the approximate performance of MacBook Pro. Both the new MacBook Air and 13-inch MacBook Pro minimize their impact on the environment, now using 100 percent recycled rare earth elements in the enclosure magnets. The new MacBook Air features a gorgeous 13.6-inch Liquid Retina display, which has been expanded closer to the sides and up around the camera to make room for the menu bar. The new MacBook Air and updated 13-inch MacBook Pro join the even more powerful 14- and 16-inch MacBook Pro with M1 Pro and M1 Max to round out the strongest lineup of Mac notebooks ever offered. With the power efficiency of M2, all of the capabilities of MacBook Air are built into a silent, fanless design. M2 also comes to the 13-inch MacBook Pro, featuring incredible performance, ProRes acceleration, up to 24GB of memory, and up to 20 hours of battery life — making our most portable pro notebook even better.” Now with M2, Apple’s most portable pro notebook gets even more capabilities in the same great form factor. Designed to dramatically speed up video workflows, M2 also adds a next-generation media engine and a powerful ProRes video engine for hardware-accelerated encode and decode, so systems with M2 will be able to play back more streams of 4K and 8K video than before. Additionally, the Magic Keyboard features a full-height function row with Touch ID, and a spacious, industry-leading Force Touch trackpad. “We’re so excited to bring our new M2 chip to the world’s two most popular laptops — the MacBook Air and 13-inch MacBook Pro,” said Greg Joswiak, Apple’s senior vice president of Worldwide Marketing. “Completely redesigned around M2, MacBook Air is thinner, lighter, and faster with a bigger display, better camera, and all-day battery life, in four beautiful finishes. M2also comes to the 13-inch MacBook Pro, the world’s second best-selling laptop — delivering incredible performance, up to 24GB of unified memory, ProRes acceleration, and up to 20 hours of battery life,2 all in a compact design.

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Apple aims to embed more deeply into cars with its software (Aljazeera.com)

At its developers' conference Apple showed off a new car dashboard that can display data like speed, fuel levels.

Apple’s iPad also received a revamp to make it easier for users to juggle multiple applications and displays and to collaborate on business-centric documents such as presentations. A spokeswoman for Ford, which announced a software deal with Alphabet’s Google last year, declined to comment on Apple’s announcement. Which Polestar cars will get the newer version Apple announced on Monday are under discussion and no further information was available, he said. But Apple did break with its tradition of not tipping its hand about future technology when it showed off a new car dashboard that it said would be able to display data from major instruments such as speed, fuel levels and gas mileage. The software connects more deeply into core driving systems than prior versions that were limited to the vehicle’s infotainment displays for playing music and showing maps. The announcements showed a company that was once an outsider working its way firmly into the mainstream of nearly every screen in day-to-day life.

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Apple announces new MacBook Air, MacBook Pro, the M2 chip and ... (CNBC)

Apple unveiled iOS 16, the new M2 chip, a new MacBook Air, a 13-inch MacBook Pro and more.

Apple invited some media and developers to its headquarters in Cupertino, California, to watch the keynote. The Apple Store website is down, which suggests that Apple might also announce new products during the WWDC 2022 event. But the event is also a homecoming for many Apple employees who have been working remotely for the past two years because of the pandemic. Apple is working with companies like Ford, Nissan and more to support the next generation of CarPlay and said the next vehicles that support it will start to be announced late next year. They're the folks who build apps for the Mac, iPhone, iPad, Watch and TV. This is usually when Apple unveils new tools for them, and big new updates for the iPhone, iPad and other platforms. People are starting to make their way to their seats ahead of the keynote. He spoke briefly and turned it over to software chief Craig Federighi, who led the crowd in a cheer of "go developers!" It's a brand new look that allows users to customize the lock screen with widgets -- which have already been available on the home screen -- by pressing and holding. As part of the update, Apple is rolling out a new Siri user interface and new banner notifications. Apple has been rumored to get into the buy now, pay later space for about a year now. Users will also be able to track and manage their medications, vitamins and supplements with the Health app. Apple's WWDC is the company's biggest Apple software announcement of the year.

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Apple's next iPhone may get a feature Android phones have had for ... (CNBC)

The new lock screen feature lets you add widgets for quick glances at the weather, your AirPods battery and more. If Apple adds an always-on display to its next ...

That means it might not be available on the regular iPhone 14. On the watch, you can look down and see the time, temperature, and certain applications, like maps, even when the screen isn't fully on, or brightened. Apple has been resistant to adding that option, perhaps to instead focus on longer battery life.

EU Agrees to Force Apple Phones, Tablets to Use Common Charger ... (BNN)

(Bloomberg) -- All smartphones and tablets would have to use a common charger under a provisional European Union agreement clinched on Tuesday.

“European consumers will be able to use a single charger for all their portable electronics -- an important step to increase convenience and reduce waste.” The European Parliament and 27 EU countries need to sign off on the agreement. Phones and tablet makers will have to comply by the fall of 2024.

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Apple iPhone update to add edit and undo options to iMessage (Globalnews.ca)

Beyond iMessage improvements, the launch of iOS 16 will include the 'biggest update ever' to the iPhone's lock screen and advanced privacy settings.

At the conference in Cupertino, Calif., Apple executives also revealed two laptops that will feature the latest, newly designed microprocessor. This update will enable a user to anchor their favourite apps and small widgets to their lock screen for quick, easy access. The MacBook Air will sell for approximately $1,500 and the MacBook Pro for approximately $1,600.

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EU agrees single mobile charging port in blow to Apple (Reuters)

Apple will have to change the connector on iPhones sold in Europe by 2024 after EU countries and lawmakers agreed on Tuesday to a single mobile charging ...

Laptops will have to comply with the legislation within 40 months of it entering into force. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

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Apple unveils its car at WWDC – sort of (RCR Wireless News)

Apple took the wraps off new Macs, a new CarPlay and more at its annual Worldwide Developer Conference (WWDC) this week.

WWDC gave Apple an opportunity to reveal new versions of the operating systems for its watch, iPad and Mac coming this fall. Apple will begin selling the new laptops starting in July at the same price as existing models and has discounted the existing 13-inch MacBook Pro to make room for the new models. Apple touted iCloud Shared Photo library at WWDC as a convenient new way for families and friends to share memories. Apple’s emphasizing new productivity features like Stage Manager to better manage the clutter of many open apps. Apple received fierce criticism earlier this year for the webcam in its premium-priced $1,599 27-inch Studio Display, which users said produced very low-quality images. Apple, a long-time Arm licensee, developed its own custom silicon to power the iPhone and the iPad. But for years, Apple’s Mac computers continued to use microprocessors made by Intel and a succession of Intel and third-party graphics processing units (GPUs) from Nvidia and rival AMD. Apple said 98% of new car models sold in the U.S. support CarPlay — in its current implementation. Which ostensibly gives CarPlay app makers a year or so to get things with the new tech right, before people start messing around with their custom dash designs. Apple Inc. kicked off its annual Worldwide Developer Conference (WWDC) on Monday with an ambitious vision of CarPlay’s future, and promised buy-in from automakers, though it’ll take a while before new features actually make it to cars. As with other tech giants, Apple uses its developer event to frame both public and developer expectations. But Apple’s new CarPlay implementation is certainly a much more ambitious and complete reach than Android Auto. Apple introduced a lot of new technology this week, but it’s probably worth noting what Apple didn’t introduce: Any new Augmented Reality (AR) headset or VR device.

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Apple's Screen Time gets a handy new feature plus updates to ... (The Verge)

Apple's iOS 16 will bring easier setup for kids' devices, Screen Time requests in Messages, and a new Family Checklist to help navigate its parental ...

But I want Apple to allow me more control over my child’s devices, especially when they are a little older and want to explore more of the internet. Privacy advocates will tell me “You should trust your child.” I do trust them, and I constantly discuss with them why I have controls set up and what they should be watching out for when they’re online. Apple’s biggest selling point for parents is how integrated it is — and Family Sharing means you don’t have to buy the same apps or subscriptions multiple times. It would be nice if this were a toggle you keep turned on for your children’s devices, as seeing exactly what your tween has been taking pictures of is a feature some parents might appreciate. It was announced at Apple’s WWDC conference this week, along with a few other upgrades to Family Sharing, Apple’s slightly confusing and very convoluted umbrella term under which Screen Time sits. With the request sitting handily in my Messages app with a dropdown menu that presumably will give me the same four options — approve for 15 minutes; an hour; all day; or, my favorite, don’t approve — I can handle the demand on my time rather than hers.

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Apple is turning your iPhone into fintech service taking on PayPal ... (CNBC)

The new Wallet features are designed to attract more people to Apple Pay and keep customers locked into the iOS ecosystem.

And because of Apple's scale with more than a billion devices in use, a lot more people are about to be exposed to these products. But things are moving slowly in some areas, such as last year's feature that lets you add your driver's license, which is available in just a couple of states in the U.S., and with a few more expected soon. It could be a tough time for Apple to launch a new product designed to get people to buy more stuff if those trends persist throughout the year. Apple's new rivals in the buy now, pay later space have struggled in recent months as consumer spending shifts from goods to services. Many of these features aren't designed to make money for Apple directly, but they do make Apple Pay more attractive for people who haven't tried it yet. But Apple's new Wallet features are also coming at a time of great economic uncertainty.

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Apple, JPMorgan turn to pay now grow later - BNN Bloomberg (BNN)

Consumer payments-focused startups Klarna Bank AB, Afterpay Ltd. and Affirm Holdings have a had a good run at changing how people shop and growing rapidly ...

Don’t be surprised to see big brands like Apple and JPMorgan raise their advertising spending for these kinds of products over the next few years. The bigger banks that are waking up to these products already bear these regulatory costs and the marginal addition to their expenses won’t be great, while big tech companies have much larger revenue bases that can absorb more fixed costs without eroding profits much. Apple Pay Later is part of the tech giant’s efforts to create and control more financial products and capabilities itself after years of mainly relying on third parties. The brand of its main rival, Access, was then shut down by the rival banks that ran it. This all contributes to the expectation that Klarna’s pending fundraising round will value it at potentially one-third less than the $46 billion it achieved in its capital raise a year ago. Klarna, for one, is tightening lending terms and cutting staff to focus on profitability in response.

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