| Cult of Mac

Trump’s tariffs may increase iPhone prices by 14%


Apple shares suffer biggest decline since August
Apple shares suffer biggest decline since August
Photo: White House

Apple may soon be forced to raise iPhone prices if Donald Trump’s latest round of proposed tariffs on Chinese imports goes into effect.

Trump wants to slap tariffs on the remaining $300 billion worth of Chinese goods. The Office of U.S. Trade Representative began the approval process this week. Those tariffs could go into effect by June 24 and if that happens, some analysts predict Apple will raise iPhone prices by 14% or more to offset the costs.

App Store isn’t just about games anymore


App Store
The App Store is another major growth driver for Apple.
Photo: Ste Smith/Cult of Mac

Apple’s worth a crazy amount of money these days, but what really separates it from previous eras is that it no longer lives or dies by one product. Look at any part of Apple’s business and you’ll find reasons to be optimistic.

The latest example of this comes from Bank of America, which bumped its price target on Apple stock from $230 to $250 a share. Why? Because the bank noticed that the App Store is booming — and not just in the category you might expect.

Folding iPhone might land in 2020


Learn valuable coding skills by building working apps in iOS 11.
Apple wants to make iPhones that double as iPads.
Photo: Ste Smith

Your next iPhone could soon double as an iPad.

According to the latest Apple rumor, the company plans to launch a folding iPhone in the next two years, bringing Westworld-style tablets to the real world.

Consumers want AirPods more than Apple Watch Series 2


AirPods will be a hot holiday item.
Photo: Apple

Apple’s new AirPods may look dork as hell when you wear them, but they’re already proving to be more popular with fans than the new Apple Watch Series 2.

Based on a new survey of US consumers by Bank of America, about 12 percent of of respondents say they definitely will purchase the shiny white AirPods, and it could mean billions for Apple.

Major U.S. banks aim at killing ATM cards


Apple in talks to bring Apple Pay to Israel
Your iPhone may be holding even more cards in its Wallet this year.
Photo: Jim Merithew/Cult of Mac

One day, your iPhone or Apple Watch could actually start dispensing money.

It’ll be your own money coming out of an ATM, but it’s still cool.

Officials at Bank of America and Wells Fargo have dropped hints that they have their eyes on incorporating Apple Pay into near-field-communication-equipped teller machines. Neither company is prepared to say when or how widely this will happen, but considering they’re two of the largest banks in the United States, this could be a big deal.

Apple Pay glitch makes some pay double (but refunds are on way)


A war for mobile wallet dominance is on the horizon. Apple Pay. Photo: Jim Merithew/Cult of Mac
Some Apple Pay users are reporting duplicate charges on their bills. Photo: Jim Merithew/Cult of Mac

If you’ve been happily tapping up charges with your iPhone 6 using Apple Pay, you might want to double-check your bank statement.

Some early Apple Pay users with Bank of America accounts have reported that Apple’s new tap-to-pay solution has become a huge headache by charging their accounts twice for a single purchase. Bank of America has confirmed to Cult of Mac that it is issuing refunds for duplicate Apple Pay charges.