Apple Inc Stock Price, News & Analysis

Apple has announced the opening of its new store, Apple MixC Shenzhen, the second in the city, enhancing its local community engagement. This store, opening on April 28 at 10 a.m., features sustainable materials and offers a unique shopping experience with a blend of online and in-store services. With 150 trained team members fluent in multiple languages, the store will facilitate personalized support and programming in various creative domains. This marks Apple's 55th store in the region and underscores its commitment to customer experience, innovation, and community connection.

Apple has announced the opening of its first store in Delhi, named Apple Saket, set to open on April 20 at 10 a.m. IST. This store aims to enhance customer experience with personalized support and unique events, allowing visitors to explore Apple products and services. It features a striking curved design and a dedicated Apple Pickup station. The store employs over 70 skilled team members who are multilingual and ready to assist customers in discovering products like the new iPhone 14. Apple Saket will also host free Today at Apple sessions to help users improve their skills with Apple devices, fostering community engagement. Notably, the store operates on 100% renewable energy and maintains carbon neutrality.

Apple has announced the opening of its first retail store, Apple BKC, in Mumbai, India, scheduled for April 18. Located in the Bandra Kurla Complex, the store aims to be a sustainable space, boasting energy-efficient designs and operating entirely on renewable energy. The store will host a series of free community engagement sessions called “Mumbai Rising”, showcasing local artists and creatives. Customers can participate in various hands-on activities focusing on art, music, and design. The store features over 100 team members, proficient in more than 20 languages, ready to assist visitors. This marks a significant milestone for Apple in its 25-year history in India, reflecting the company's commitment to enhancing local community engagement.

Apple has announced an accelerated target for 2025 to incorporate 100% recycled materials in its products, including cobalt in batteries and rare earth elements in magnets. Presently, over two-thirds of aluminum, nearly three-quarters of rare earths, and more than 95% of tungsten in Apple products are sourced from recycled materials. The company aims to utilize 100% certified recycled cobalt by 2025, having significantly increased its recycled cobalt usage from 13% in 2021 to 25% in 2022. The goal is supported by ongoing innovations in recycling processes and partnerships to enhance material recovery.

Additionally, Apple strives to eliminate plastics from packaging by 2025, and is working on responsibly sourcing materials while supporting communities affected by mining. This initiative aligns with Apple's broader 2030 goal of carbon neutrality across its products.

Apple will host its annual Worldwide Developers Conference (WWDC) from June 5 through 9, 2023, offering a free online format and a special in-person experience at Apple Park. This year, WWDC23 will spotlight advancements across iOS, iPadOS, macOS, watchOS, and tvOS, enabling developers to access Apple engineers and learn about new technologies. Submissions for the Swift Student Challenge are open until April 19, encouraging students to create app playgrounds. The event aims to connect developers globally and showcase Apple's commitment to innovation.

Apple is set to open its latest store, Apple Gangnam, in the Gangnam District of Seoul on March 31 at 5 p.m. local time. The store will offer a variety of free Today at Apple sessions, focusing on enhancing customer creativity through workshops on music, art, and photography. Notably, the Apple Pay service recently launched in South Korea, expanding Apple's service offerings. The site features nearly 150 trained staff members and operates on 100% renewable energy. Additionally, there will be a special Pop-Up Studio showcasing K-pop group NewJeans starting April 1.

Apple has launched Apple Pay Later in the U.S., enabling users to split purchases into four payments over six weeks without interest or fees. Users can apply for loans ranging from $50 to $1,000 using the Apple Wallet. The rollout begins with selected users invited to access the prerelease version, with plans for broader availability soon. Apple Pay Later is designed to promote financial responsibility, featuring tracking and management tools within the Wallet app. Collaborations with Mastercard and Goldman Sachs facilitate this service.