Loop Capital has lowered its rating on Apple from "Buy" to "Hold," saying the company is unlikely to make up an estimated 13 million iPhone shipments cut from its plans for the second half of 2026, according to Investing.com.


The firm reduced its Apple stock price target from $370 to $330. Loop previously believed shortages of memory and processors had delayed shipments that Apple would recover in 2027. Its latest supply chain checks have led it to drop that assumption.

The firm now forecasts 79 million iPhone shipments in the December quarter, below initial estimates of 85 million. It also expects a lower average selling price, reducing its forecast from $1,239 to $1,123.

For 2027, Loop actually expects Apple to ship more iPhones than it previously forecast, with its estimate now at 260 million units. However, it expects those phones to sell for less on average, leading it to cut its iPhone revenue forecast from $315 billion to $285 billion. Rising memory costs could also squeeze Apple's profits.

Apple's widely reported split launch schedule makes the financial outlook harder to assess. The iPhone 18 Pro models arrived in September and the iPhone Duo launches October 23, but the standard iPhone 18, iPhone 18e, and iPhone Air 2 are not expected until the spring of 2027.

Counterpoint Research attributed much of Apple's third-quarter shipment decline to the missing standard model. Apple still secured a record third-quarter market share of 22%, despite the fact that global smartphone shipments fell 20% year over year.
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Apple retail stores in Bordeaux and Lille were looted earlier this week amid unrest accompanying demonstrations against the high cost of living in France, Boursorama reports. Both locations were among numerous businesses targeted across the country. The same Bordeaux location, Apple Sainte-Catherine, was previously looted in December 2018 during unrest surrounding France's "yellow vest" demonstrations.
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Apple Music subscribers can now stream directly to compatible Bluesound speakers and hi-fi equipment, allowing playback without sending audio via AirPlay 2.


Bluesound offers a range of high-end home audio products ranging from wireless speakers and soundbars to streaming components that connect to existing hi-fi systems. Its products use BluOS, a platform that lets users control music and link audio equipment across multiple rooms.

The new integration makes ‌Apple Music‌ accessible within the BluOS Controller app. Once a subscriber signs in, the player retrieves the music itself, freeing their iPhone or iPad from handling the audio stream. ‌AirPlay‌ 2 remains available.

For households with several BluOS products, the addition also brings ‌Apple Music‌ into the same system used to manage playback around the home. Users can play music across grouped devices or choose different music for individual rooms.

The update extends beyond Bluesound's own products to compatible BluOS equipment from NAD Electronics, PSB Speakers, DALI Loudspeakers, Cyrus, and Monitor Audio. Bluesound has not specified the streaming quality offered by the integration. The feature launched on October 20 via a free BluOS software update.
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Apple CEO John Ternus says improving the user's experience guides Apple's design decisions, whether that means adding practical features or an animation that simply makes a device more enjoyable to use.



TIME published an interview with Ternus last week, and released the video version on Tuesday with additional discussion about design.

In the video, Ternus was asked how Apple distinguishes a design choice that contributes to a product from one that merely attracts attention. He said teams work together to determine what will make a product better for its users, ruling out ideas that are frivolous or distracting.

That approach apparently still leaves room for playful details. Ternus pointed to the animation that appears when opening the iPhone Duo's inner display, explaining that it serves no functional purpose but can make the experience more satisfying. "Sometimes you just want a little whimsy," he said.

Ternus also discussed Kids Cue, which displays Peanuts characters such as Snoopy on the ‌iPhone Duo‌'s outer screen to draw a child's attention toward the camera during a photo. He said developing a different kind of iPhone gave Apple's teams an opportunity to explore ideas made possible by the new hardware. Asked how involved he remains with design, Ternus said:

I'm a mechanical engineer by background, and the team that the product designers work most closely with are the industrial designers. So, I've been working hand in hand with industrial designers at Apple since I started. And it's an amazing relationship.

I think what's so special about this place is design is at the center of it. Design means everything to us. And what's incredible is our designers, both on the software side and the hardware side, they really understand the engineering. And the engineers have a very deep appreciation for design. And so it's a really powerful collaboration.

The same focus on the experience purportedly informs Apple's approach to AI. Ternus said the technology creates opportunities to improve existing products and develop new ones, but users should be able to appreciate a feature without needing to understand that AI makes it possible. He identified personalized experiences, supported by access to information on the user's phone, as a particular focus for Apple.

The comments follow a report earlier this month that Ternus has made product design a major priority since becoming CEO in September, visiting Apple's design studio several times a week. The interview ended with a question about what Ternus wants to preserve as CEO:

The opportunities in the products, that stuff will change. It'll evolve as it does as new technologies come, but the way we work, I don't want that to change.

The full interview also covers Apple's updated parental controls, Ternus's transition to CEO, and his interest in motor racing.
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The UK's competition regulator has proposed changes to make it easier and cheaper for companies to offer alternatives to Apple Pay on the iPhone (via Reuters).


The Competition and Markets Authority (CMA) says Apple's fees and restrictions make it too difficult for rivals to launch contactless payment apps. Its proposals would give developers more ways to access the iPhone's NFC technology, which allows users to pay by holding their device near a payment terminal.

Apple opened up NFC access to developers in the UK in 2024, but companies must sign an agreement with Apple and pay fees. They also have to use the iPhone's Secure Element, which is a chip that stores sensitive information such as payment credentials.

The CMA wants Apple to also support host card emulation (HCE), an alternative that lets payment apps work without using the Secure Element. It also proposes rules that it expects would substantially lower Apple's access fees, although it would still allow the company to charge something.

Apple already offers HCE access for free in the European Union under commitments agreed in 2024. The CMA highlights that rival payment apps have since launched in the EU, while no competing wallet-type product has launched in the UK under Apple's current terms.

Apple told Reuters that developers can already offer contactless services using its technology:

We do not believe the CMA should require ​Apple to adopt an approach with lower privacy and security protections. We will continue to engage constructively to reach ​an outcome that is in the best interest of our users.

The CMA said the evidence it reviewed did not suggest either approach was inherently insecure. The proposals are open for consultation until November 17, 2026. The CMA will make a final decision after reviewing responses.
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