📈 Business & Markets

Everything Apple announced yesterday

Tuesday, Jun 7, 2022

Image: Noah Berger/AP

At its annual Worldwide Developers Conference yesterday, Apple announced a slate of new software features for the upcoming iOS 16, along with a new series of MacBooks and a novel buy-now-pay-later product.

📱💻💳 Let’s break it down...

  • iOS 16: Among other things, the new software update allows users to edit or recall recently sent iMessages, and features an improved lock screen that incorporates Apple Watch-inspired widgets.
  • MacBook: Apple announced new Air and Pro models featuring the M2, a new Apple-designed processor it says can deliver up to 18% better performance than the M1, or use less power for the same performance.
  • BNPL: The company also unveiled “Apple Pay Later,” an option for Apple Pay users to purchase goods using four equal payments over six weeks, with no interest or fees; shares of BNPL giant Affirm closed yesterday down roughly 6%.

👀 Looking ahead… A public beta for iOS 16 (which includes Apple Pay Later) will launch next month, with the final version coming this fall as a free update for the iPhone 8 and up.

  • The new MacBook Air and Pro will be available next month starting at $1,199 and $1,299, respectively.
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