With the release of watchOS 7, Apple at last turned the Apple Watch into the GPS-based kid tracker parents have wanted, albeit at a price point that requires careful consideration. As someone in the target demographic for such a device -- a parent of a "tween" who's allowed to freely roam the neighborhood (but not without some sort of communication device) -- I put the new Family Setup system for the Apple Watch through its paces over the past couple of months. To be frank, I'm conflicted as to whether I'd recommend the Apple Watch to a fellow parent, as opposed to just suggesting that it's time to get the child a phone.
(Bloomberg) -- Apple Inc. hired Josh Elman, a former venture capitalist at Greylock Partners who led early investments in Discord and the precursor to TikTok, to work on the App Store.Elman’s role will focus on app discovery for customers, he said in a statement Monday. He’ll step back from investing and the corporate boards that he serves on, which includes the communications app Discord and the blogging site Medium.Until last year, Elman was the vice president of product at Robinhood Markets Inc., the wildly popular stock-trading app. His experience identifying and investing in apps that later became hits could help Apple better promote software in its app store, which generated almost $54 billion in revenue for the company in fiscal 2020. Elman’s presence could also improve relationships with developers, which has become strained over the last year or so.Two of Elman’s most successful investments now belong to two major Apple agitators. SmartThings, which makes technology for connected homes, was acquired by Samsung Electronics Co. HouseParty, which develops games for smartphones, is now owned by Epic Games Inc., the Fortnite maker that’s suing Apple over its rules for the App Store.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
In a bid to diversify its geographic risk, Apple (NASDAQ: AAPL) has asked its largest production partner, Foxconn, to shift some of its iPad and MacBook assembly work out of China and into Vietnam, Reuters reported last week. The move comes as trade tensions between the U.S. and China continue to mount. President Trump has also encouraged U.S. companies to move their businesses out of China and has placed two more Chinese companies -- SMIC and CNOOC -- on a blacklist preventing Americans from investing in them.