At Apple’s first product event under CEO John Ternus, the company introduced its first foldable smartphone, the iPhone Duo, with an A20 Pro chip and a $1,999 starting price. Jim Cramer anticipated strong demand for the device.
Apple plans to launch Apple Pay in India first through Axis Bank credit cards. The article says regulatory changes allowing biometric authentication for card payments support Apple Pay’s Face ID and Touch ID features, and other banks may be added gradually through individual agreements. Apple is also reportedly exploring an AI-focused server for inference workloads, aimed at governments, businesses and AI developers.
Apple Pay’s planned India rollout will exclude UPI, which the article says handles around 84% of the country’s digital-payment volume. The company said its redesigned Siri AI beta will initially be unavailable on iPadOS, iOS and watchOS in the EU; regulatory constraints also limit access in China. App Store scrutiny could prompt costly structural changes, the article says. Insider Monkey’s cited 13F data shows hedge-fund holders fell from 170 in Q1 2026 to 169 the following quarter; short interest was below 1%. The article cites Yahoo Finance data putting BlackRock’s stake at 7.97%.
