What’s Up With Apple: New Digs for Online Store, BNPL Launch in Canada and More

Photo of Paul Ausick
By Paul Ausick Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
What’s Up With Apple: New Digs for Online Store, BNPL Launch in Canada and More

© Justin Sullivan / Getty Images News via Getty Images

On Tuesday, Apple Inc. (NASDAQ: AAPL | AAPL Price Prediction) shut down the Apple.com website for about an hour. When it came back, the top level menu included a tab for the company’s online store.

The Verge points out that the update “appears to be strictly a fresh coat of paint for Apple’s online store. And the pages for actually buying a product don’t appear to be different than they were before.” Plus ça change, plus c’est la même chose.

Apple is partnering with Affirm’s Canada-based PayBright to launch a buy now, pay later (BNPL) program in Canada. Bloomberg reports that the program is set to launch on August 11. For a limited time following the launch, the program will be interest-free.

Apple has a sort-of BNPL program in the United States for people with an Apple Card, and the company does offer monthly payments for iPhones in some countries. In mid-July, Bloomberg reported that Apple was working with Goldman Sachs on a BNPL program, dubbed Apple Pay Later, that would allow consumers to pay for a purchase made with any card over two months with no interest charge.
[nativounit]
Apple reportedly has agreed to a deal with electronics manufacturing firm Luxshare to have the Chinese-based firm build up to 3% of the coming iPhone 13 (the moniker is a placeholder only). Apple is expected to build up to 95 million iPhones by the end of January 2022, and Luxshare could manufacture about 2.75 million of them. Foxconn and Pegatron, Apple’s two largest contract manufacturers, will build the vast majority of the new iPhones.

Nikkei Asia has a brief, but enlightening, discussion of several other China- and Hong Kong-based Apple suppliers. The publication notes:

Apple boasts the world’s most complex consumer electronics supply chain, churning out roughly 200 million iPhones, 20 million MacBooks and tens of millions of AirPods a year. The company’s notoriously high manufacturing standards mean that any company in its supply chain is seen as being among the best in its field.

The new online Apple Store has some new upgrades for power users. Apple has released three new AMD Radeon-powered graphics boards for the Intel-powered Mac Pro:

  • Radeon Pro W6800X MPX Module with 32GB of GDDR6 memory: $2,400
  • Radeon Pro W6800X Duo MPX Module with 64GB of GDDR6 memory: $4,600
  • Radeon Pro W6900X MPX Module with 32GB of GDDR6 memory: $5,600

The Mac Pro can accommodate two graphics cards, so you could double the prices if you really want the highest-performing Mac Pro.

[recirclink id=927148][wallst_email_signup]

Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for a673b.bigscoots-temp.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Our $500K AI Portfolio

See us invest in our favorite AI stock ideas for free

Our Investment Portfolio

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618