AAPL Stock Drops 6% After Apple Passes AI-Driven Chip Costs to Consumers
Apple increased prices for Mac and iPad products due to rising costs from an AI memory shortage. The company's stock declined 6 percent following the price increases.
Apple raises Mac and iPad prices, spares iPhone for now
Apple increased MacBook Air and Pro prices along with iPad Air and Pro models while maintaining iPhone pricing. The company cited rising manufacturing costs as the reason for the selective price adjustments across its product lines.
Bitcoin likely to fall another 30% to $44,000 by year-end, prominent BTC miner says
Bitcoin could decline 30% to $44,000 by year-end according to a veteran miner citing a technical indicator that historically precedes market bottoms by six months. The valuation metric has fallen to levels previously observed before past price recoveries.
What’s Next — Harambee CTO Kuben Nair on the role of AI in the workplace
AI will reshape workplace roles and capabilities, according to Harambee's new research conducted with Bridgespan Group examining both opportunities and risks of business AI adoption. Companies must prepare workers now to remain competitive as AI tools become standard in professional environments.
Windows 11 can now turn back the clock when updates go bad
Windows 11 now offers a 72-hour point-in-time restore feature that lets users revert their system to a previous state after problematic updates. The system automatically preserves the pre-update state for three days before removing the backup to free disk space.
Apple ratchets up prices, blames the cost of memory
Mac prices have increased by hundreds of dollars across several models due to rising memory chip costs. Some configurations now exceed their previous pricing by margins ranging from $200 to $600 depending on the specific model and memory configuration.
Bitcoin Plummets Lower as Strategy's STRC Dives Further From $100 Mark
Bitcoin fell to approximately $58,000 as Strategy's STRC preferred shares reached record lows. The decline indicates that investor concerns about technology stocks connected to digital assets are affecting the broader cryptocurrency market.
Apple takes over Swift Package Index, vows to remove GitHub dependency
Apple is taking control of the Swift Package Index and will host it independently on Apple servers rather than relying on GitHub infrastructure. The company hired co-creator Dave Verwer to lead the transition away from GitHub's dependency.
Strange shift in iPhone contract prices in South Africa
iPhone contract prices in South Africa have increased faster than cash prices over the past decade, reversing the typical relationship where contracts are cheaper. Contract purchases now cost significantly more than upfront payments, with the pricing gap widening substantially since the early 2010s.
2 days left to save up to $190: Join 1,000+ founders and investors at TechCrunch Founder Summit
Early bird pricing for TechCrunch Founder Summit 2026 expires in two days, offering up to $190 in savings. The event attracts over 1,000 founders and investors and registration closes June 26 at 11:59 p.m. PT.
Trump admin proposes axing brake-pedal requirement for AVs in a boost for Tesla
The Trump administration proposed eliminating the mandatory brake pedal requirement for fully autonomous vehicles in a change affecting vehicles designed to operate without human control. The Department of Transportation made this proposal to potentially support Tesla's driverless vehicle development plans.
Kraken sues crypto derivatives firm PowerTrade over 'misappropriated' funds claim
Kraken is suing PowerTrade for allegedly converting a $6 million credit into a $2 million debt through unauthorized account corrections on settled trades. PowerTrade reportedly made these changes without authorization to old trading positions that had previously been finalized.
New effort will get genome sequences for entire Endangered Species list
Colossal Biosciences will generate complete genome sequences for all species on the U.S. Endangered Species List while collecting and preserving tissue samples from each organism. The biobanking initiative will create a comprehensive genetic database alongside physical specimens for future research and conservation efforts.
Amazon pours another $13B into India's AI and cloud infrastructure
Amazon is investing an additional $13 billion into India's AI and cloud infrastructure, including datacenter expansions in Mumbai and Hyderabad. This brings the company's total five-year commitment for India operations to $48 billion.
Adobe acquires image and video enhancement tool maker Topaz Labs
Adobe is acquiring Topaz Labs, a developer of AI-powered image and video enhancement software. The Topaz tools will be integrated into Adobe's Creative Cloud applications including Photoshop and Premiere Pro.
Here’s what happened in crypto today
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CoinDesk 20 performance update: AAVE gains 10.1% as index rises
Aave gained 10.1% while the CoinDesk 20 index rose overall. Bitcoin Cash surged 5.8%, positioning both tokens as the week's strongest performers in the crypto market.
Capitec leaving South African banking giants behind
Capitec is growing faster than South Africa's established banks, widening the gap between the digital-first challenger and traditional lenders. The bank has achieved superior expansion rates compared to legacy competitors, though specific growth percentages are not detailed in the available information.
Post-prison CZ says time behind bars didn't hurt the billionaire's business after Binance
Changpeng Zhao has returned to business activities after completing his prison sentence and now maintains a majority stake in Binance while pursuing venture capital investments. He claims his time behind bars improved his character without damaging his business interests or billionaire status.
About 60% of World Cup bettors on Polymarket are first-time crypto users
Approximately 60% of bettors on Polymarket during the World Cup were experiencing blockchain technology for the first time. The platform's straightforward betting interface successfully onboarded these newcomers to cryptocurrency transactions.
$47M in Crypto Frozen in Global Infostealer Takedown: Europol
Police across multiple countries froze €41 million in cryptocurrency and shut down three major malware operations (SocGholish, Amadey, and StealC) that infected hundreds of thousands of computers globally. The malware stolen cryptocurrency and passwords from victims across multiple jurisdictions simultaneously.
European Commission lines up Amazon and Microsoft for cloud gatekeeper status
Amazon and Microsoft have been designated as cloud gatekeepers under the European Union's Digital Markets Act, facing restrictions on business practices including interoperability and data portability requirements. The designation imposes strict obligations on companies controlling critical digital infrastructure in the cloud computing sector.
Binance faces EU service limits next week as MiCA rules take effect
Binance will halt new customer registrations across the EU on July 1 due to unmet compliance requirements under the Markets in Crypto Assets Regulation. Existing users retain withdrawal access, though the exchange cannot offer services without obtaining regulatory approval from EU authorities.
Ryanair says it will reluctantly not charge parents to sit next to children
Ryanair will stop charging parents £8 per trip to sit next to their young children. The airline previously applied this fee to adults accompanying children on flights.
South Africa’s most powerful computer ranked 36th in the world
South Africa's Cassava supercomputer in Cape Town ranks 36th globally and is the most powerful on the African continent. The facility operates at world-class computational speeds for processing complex research and data applications.
Collabora releases CODE 26.04 as rivalry between FOSS cloudy office suites heats up
Collabora released CODE 26.04 with Markdown support and improved formula error handling in its cloud-based office suite. The update includes integrated AI capabilities that are disabled by default.
Circle, Nomura eye Japan corporate FX with stablecoin settlement: Report
Circle and Nomura are partnering to enable Japanese corporations to settle foreign exchange transactions using stablecoins within Japan's regulated blockchain financial framework. The collaboration targets corporate FX settlement, leveraging stablecoins as the settlement medium in a jurisdiction that has been developing regulated cryptocurrency and blockchain financial infrastructure.
IBM claims major chip breakthrough
IBM has created chip technology with features smaller than one nanometre, potentially enabling faster computing and lower energy consumption. The company claims this represents the world's first achievement of sub-nanometre semiconductor manufacturing.
How you can save money on your energy bill as debts rise
Households can access grants, payment plans, and hardship funds through energy suppliers and government schemes to reduce rising energy costs. Total debt and arrears have reached record levels, with assistance programs available to help consumers manage their financial burden.
4 shares that helped Vestact outperform the market and grow its assets under management to R13.9 billion
Vestact's investment fund reached R13.9 billion in assets by concentrating on US technology stocks that outperformed the broader market. Four specific tech shares drove the model portfolio's outperformance, though the article does not name them.