Apple's Market Valuation Returns to $3 Trillion After Almost 18 Months

Apple's market capitalization has once again hit $3 trillion as the company's shares opened at $191.78 this morning, up just over 1% compared to yesterday's closing price. It has been nearly 18 months since Apple very briefly hit the milestone in January 2022 before declining along with the overall market.

At the beginning of this year, Apple's value dipped below $2 trillion, but the company's shares have risen 53% so far this year, pushing them back to all-time highs in recent days. Reaching the $3 trillion market capitalization milestone again has required a slightly higher share price than it did 18 months ago as Apple has continued to aggressively buy back its stock, reducing the overall share count of the company.

Apple saw very strong revenue growth during the pandemic as its products and services were in particularly high demand as more people worked, learned, and connected with others from home. The company's momentum slowed along with iPhone production issues and general economic concerns in 2022, but optimism around the company has returned in 2023.

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This article, "Apple's Market Valuation Returns to $3 Trillion After Almost 18 Months" first appeared on MacRumors.com

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Source: TechRadar

Apple Releases First Public Beta of tvOS 17

Apple today seeded the first beta of the upcoming tvOS 17 update to its public beta testing group, allowing the general public to download and test the update ahead of its September launch. Public beta testers can download the tvOS 17 beta by opening up the Settings app on Apple TV , choosing the Software Updates section under System, and then toggling on the Get Public Beta Updates option. Signing up on Apple's public beta website is also required. tvOS 17 adds FaceTime to the ‌Apple TV‌, with an iPhone or iPad serving as the camera. The ‌FaceTime‌ interface shows up on the bigger display of the TV, and Center Stage keeps you front and center as you move around the room. There's even a Split View option so you can use ‌FaceTime‌ while watching TV or playing a game on the other part of the screen. There's a revamped Control Center that makes it quicker to get to key settings and information without needing to go into the Settings app, plus it supports useful sho

Apple Says 128GB iPhone 15 Pro Limited to 1080p ProRes Video Recording Unless External Storage Connected

ProRes video recording remains limited to 1080p quality at 30 frames per second on the 128GB model of the iPhone 15 Pro, unless the device is recording directly to a connected external storage drive , according to Apple. On the 256GB and higher iPhone 15 Pro and iPhone 15 Pro Max, ProRes video recording is supported in up to 4K quality at 60 frames per second to both internal storage and external storage. Apple does not mention this information on the iPhone 15 Pro's tech specs page on its website, but the limitation is listed when comparing the iPhone 15 Pro to another iPhone model in the Apple Store app, as seen in the screenshot below. The same limitation applied to iPhone 13 Pro and iPhone 14 Pro models with 128GB of storage, but those devices cannot record ProRes video to external storage, so at least iPhone 15 Pro users have that option this time around. The limitation does not apply to the iPhone 15 Pro Max, as that model starts with 256GB of storage. ProRes video fi

Apple Releases macOS Ventura 13.4.1 With Security Fixes

Apple today released macOS Ventura 13.4, a minor update for the ‌macOS Ventura‌ operating system that was released last October. ‌macOS Ventura‌ 13.4.1 comes more than a month after the launch of macOS Ventura 13.4 . The ‌‌‌‌‌macOS Ventura‌‌‌‌‌ 13.4.1 update can be downloaded for free on all eligible Macs using the Software Update section of System Settings. According to Apple's release notes, the update provides important security fixes and is recommended for all users. Apple has also released macOS 11.7.8 and macOS 12.6.7 security updates for those who are unable to run Ventura. Related Roundup: macOS Ventura Related Forum: macOS Ventura This article, " Apple Releases macOS Ventura 13.4.1 With Security Fixes " first appeared on MacRumors.com Discuss this article in our forums Source: TechRadar

Apple Launches Tap to Pay on iPhone in Brazil

Apple has announced the launch of Tap to Pay on iPhone in Brazil, allowing independent sellers, small merchants, and large retailers in the country to use ‌iPhones‌ as a payment terminal. Introduced in February 2022 , the feature allows compatible iPhones to accept payments via Apple Pay, contactless credit and debit cards, and other digital wallets, using only an ‌‌‌‌iPhone‌‌‌ - no additional hardware or credit card machine is required‌. Tap to Pay on ‌‌‌‌iPhone‌‌‌‌ uses NFC technology to securely authenticate the contactless payments, plus the feature also supports PIN entry, which includes accessibility options. "Tap to Pay on iPhone has helped companies around the world and of all sizes — from freelancers to large retailers — to offer new payment experiences, and we are excited to bring an easy, secure and private payment solution to Brazilian merchants,” said Jennifer Bailey, Apple's vice president of Apple Pay and Apple Wallet. "Brazil is a nation of great en

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