Apple Inc. - AAPL STOCK NEWS

Apple announced an upcoming update to the App Store, allowing developers of 'reader' apps to link to external websites for account management, following a resolution with the Japan Fair Trade Commission. This change enables users to set up and manage their accounts outside the app. Apple will implement this globally for all reader apps, ensuring user safety remains a priority. The update is part of Apple's broader strategy to enhance developer flexibility and user experience, building on recent initiatives like the News Partner Program.

Apple has partnered with Arizona, Georgia, and several other states to launch the ability for residents to securely add their driver’s licenses and state IDs to Apple Wallet. This feature aims to enhance convenience and security by allowing users to present their IDs on iPhones and Apple Watches without physically handing over their cards. The TSA will also support this initiative at select airport checkpoints. With a focus on privacy, the digital IDs will use biometric authentication and encrypted communication. This rollout marks a significant step toward a future with mobile identification.

Apple has announced the acquisition of Primephonic, a classical music streaming service. This deal aims to enhance the classical music experience for Apple Music subscribers by introducing Primephonic playlists and exclusive content. A dedicated classical music app combining Primephonic's features is expected next year. Current Primephonic subscribers will receive six months of free access to Apple Music, including high-quality classical albums. The acquisition reflects Apple's commitment to expand its music offerings and attract classical music enthusiasts.

Apple has announced changes to the App Store aimed at resolving a class-action lawsuit from US developers, pending court approval. Key elements include allowing developers to share purchase options outside iOS apps, expanding subscription price points from under 100 to over 500, and establishing a fund to assist qualifying developers earning less than $1 million. The App Store Small Business Program will continue for three years, and developers can appeal app rejection decisions. These updates intend to enhance the App Store as a profitable platform for developers while maintaining user trust.

Apple has launched the News Partner Program, aimed at enhancing its collaboration with journalism while ensuring customers access trusted news from top publishers. The program supports publishers' financial stability, promotes media literacy, and diversifies news coverage. Eligible publishers can utilize the Apple News Format (ANF) for better engagement and retain 100% of advertising revenue. Additionally, a 15% commission on qualifying in-app subscriptions is offered. Applications for the program are open now.

Apple has launched its Impact Accelerator program, welcoming 15 Black- and Brown-owned businesses focused on green technology and clean energy. This initiative aims to support equity and create opportunities in the environmental sector, part of Apple's broader Racial Equity and Justice Initiative. The selected businesses, spread across the U.S., will receive customized training and access to Apple experts. Following a three-month program, they may become suppliers to Apple as the company strives for carbon neutrality in its supply chain and products by 2030.

Apple announced an update to GarageBand for iOS and iPadOS, introducing new Sound Packs and Remix Sessions. Users can now learn remixing through tutorials featuring Dua Lipa and Lady Gaga. The update includes seven new Producer Packs created by top producers like Boys Noize and Mark Lettieri, providing users with an array of beats and sounds. Additionally, a special pack links to the Apple Original docuseries 'Watch the Sound With Mark Ronson,' allowing users to experiment with music technology showcased in the show. The update aims to enhance user creativity and accessibility in music production.

Apple announced its fiscal Q3 2021 results, reporting a record revenue of $81.4 billion, a 36% increase year over year, and earnings per diluted share of $1.30. CEO Tim Cook highlighted the importance of technology in connecting people, while CFO Luca Maestri noted new revenue records across all geographic segments and product categories. The company generated $21 billion in operating cash flow and returned nearly $29 billion to shareholders. A cash dividend of $0.22 per share was declared, payable on August 12, 2021.

Apple has launched the Today at Apple Creative Studios, a global initiative aimed at providing mentorship and skills training to underrepresented communities. The program will debut in Los Angeles and Beijing, followed by cities like Bangkok and London. Participants will engage in 8 to 12 weeks of programming focused on music, film, photography, and design, receiving hands-on guidance from industry mentors. Apple aims to nurture creativity and self-expression, culminating in a showcase of participants' projects in local Apple Stores.