Apple previews new software for iPhone, other gadgets

Apple kicked off its digital-only annual Worldwide Developer Conference on Monday where it unveiled the iOS 15, iPadOS 15, macOS 12 and watchOS 8. (AFP)
Short Url
Updated 08 June 2021
Follow

Apple previews new software for iPhone, other gadgets

  • The latest renovations in Apple’s $2 trillion empire come at a pivotal time for the Cupertino, California, company.

NEW YORK: Apple kicked off its second annual all-virtual developer conference with a keynote that outlined new updates to its software for iPhones and other devices. The presentation highlighted more privacy options for paid iCloud accounts and a “Find My” service that helps find errant AirPods, but included no major product announcements.
The latest renovations in Apple’s $2 trillion empire come at a pivotal time for the Cupertino, California, company. Apple is facing legal and regulatory threats to its control over its App Store, a so-called “walled garden” that produces substantial profits for the company.
Apple CEO Tim Cook, Craig Federighi, Apple’s senior vice president of software engineering, and other executives outlined updates to software for Apple’s many devices including its MacBooks, iMacs, iPhone, iPad and Watch.
Apple’s new MacOS software, dubbed Monterey, supports what Apple calls “universal control,” which lets people use one mouse and keyboard to control an iMac desktop computer, MacBook laptop and iPad at the same time.
Forrester analyst Julie Ask said the improvements Apple showed off, like the “universal control,” play to Apple’s strengths in blending its products and services.
“The news today was nothing ‘new new,’ like holy cow how did they make that happen,” she said. “But each of us picks up our phone 100 or 200 times a day, and they’re making 100 little moments a day better, more seamless, and easier.”
She pointed out Apple’s plan to support digital IDs including drivers licenses and state IDs from “participating US states” in its digital wallet, as another example. Apple did not identify which states that will include.
“They have an army of people trying to get these deals signed,” she said. “Apple gets a lot of criticism for being so controlling. But they can do things other big brands struggle to do.”
A “Live Text” feature in iOS 15 will let you highlight text in photos and copy and paste it or look it up online. It will also integrate Air Pods into its “Find My” service, which helps people find lost or misplaced Apple products.
Apple is introducing more privacy features to its paid iCloud plans, including a way to hide your email address, encrypt video, and a “Private Relay” feature of Safari that encrypts data from the web browser similar to a VPN.
Paid plan pricing isn’t changing. Users pay for any iCloud storage above the free 5GB storage users get for free. In the US, those plans start at $1 a month for 50GB of storage.
Apple didn’t announce when iOS 15 will be available, but the company traditionally releases the free updates to all compatible iPhones in September.


Closing Bell: Saudi main index closes in red at 10,818 

Updated 6 sec ago
Follow

Closing Bell: Saudi main index closes in red at 10,818 

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Thursday, losing 126.83 points, or 1.16 percent, to close at 10,818.32. 

The total trading turnover of the benchmark index was SR4.5 billion ($1.2 billion), as 26 of the listed stocks advanced, while 233 retreated. 

The MSCI Tadawul Index decreased, down 15.78 points, or 1.07 percent, to close at 1,457.04. 

The Kingdom’s parallel market Nomu lost 137.69 points, or 0.58 percent, to close at 23,413.78. This comes as 26 of the listed stocks advanced, while 40 retreated. 

The best-performing stock was Alistithmar AREIC Diversified REIT Fund, with its share price surging by 3.81 percent to SR7.36. 

Other top performers included Etihad GO Telecom Co., which saw its share price rise by 3.08 percent to SR91.90, and Consolidated Grunenfelder Saady Holding Co., which saw a 2.55 percent increase to SR9.65. 

On the downside, Thimar Development Holding Co. was among the weaker performers, with its share price falling 6.52 percent to SR33. 

Baazeem Trading Co. fell 4.94 percent to SR6.35, while Fawaz Abdulaziz Alhokair Co. slipped 4.05 percent to SR18.02. 

On the announcements front, Saudi Electricity Co. has officially commenced the offering of a US dollar-denominated senior unsecured sukuk, following its earlier announcement. 

The two-day offering, running from Jan. 15 to Jan. 16, will be carried out through a special purpose vehicle and is open to eligible local and international investors. 

According to a Tadawul statement, the final amount, pricing, and maturity terms of the sukuk will be determined based on prevailing market conditions, with a minimum subscription set at $200,000. 

SEC has mandated a consortium of sixteen global and regional financial institutions, including J.P. Morgan, HSBC, and Standard Chartered Bank, as Joint Lead Managers for the issuance. Upon completion, the sukuk are expected to be listed on the London Stock Exchange’s International Securities Market. 

This issuance falls under SEC’s international sukuk program and is being offered in reliance on Regulation S, meaning it will be sold exclusively outside the US to non-US persons. 

SEC’s shares traded 0.07 percent higher on the main market to reach SR14.08.