Foxconn said revenue from Apple has slipped further from roughly 29% in the prior quarter to below 29%, while its cloud and networking business—including AI servers—rose to 51% of sales. The company said the shift will be permanent, unsettling some investors. Separately, the market expects TSMC’s CoWoS advanced packaging capacity to grow by more than 50% next year to meet strong AI-chip demand.

Apple is lobbying Washington as it seeks approval to buy RAM chips from ChangXin Memory Technologies (CXMT) and Yangtze Memory Technologies (YMTC), two Chinese firms on a Pentagon blacklist. The company is pursuing the move to cushion the impact of a global memory shortage that has pushed up component costs. Apple has already raised prices for Macs, iPads and other products, but it has not increased iPhone prices so far. New iPhone models expected in September are expected to cost more than current versions, according to Bloomberg.

Apple COO John Ternus, who is set to take over as CEO in September, has been closely involved with the company’s industrial design team. The effort is seen as an attempt to reverse the perceived weakening of design’s influence during Tim Cook’s tenure and to revive the design-led product approach associated with Jony Ive. The move is viewed as a signal that Apple is prioritizing a core source of differentiation, though it has not been paired with a specific product roadmap or changes to financial guidance, Bloomberg reporter Mark Gurman wrote.

Apple has formally implemented a regulatory settlement with Brazil’s competition authority CADE, allowing developers to distribute apps through alternative app marketplaces and to use third-party in-app payments or web-based external payment links. The rules apply starting with iOS 26.5 and introduce a tiered commission model: App Store+IAP at 21%+5%, App Store+third-party in-app payments at 21%, App Store+external links at 15%, and alternative marketplace distribution subject to a 5% Core Technology Commission. The changes are framed as Brazil-specific compliance and do not signal a global policy shift. Apple said the measures are designed to strengthen privacy and security protections, particularly for children.

Apple CEO Tim Cook told The Wall Street Journal the company is not immune to rising chip prices and said it is still working through which devices will see price increases, with more details likely to emerge in September. Using estimates of higher costs for RAM, storage and potential camera upgrades, the newspaper projected the iPhone 18 Pro could start at $1,299, though $1,399 or higher is more likely. That would represent a $200300+ increase over the iPhone 17 Pro, according to The Wall Street Journal.

Verizon introduced its new Verizon Simplicity mobile plan, with a promotional starting price of $30 per line and features including 5G Ultra Wideband and 10GB of premium mobile hotspot. The carrier also launched Verizon Loyalty for all existing customers, offering 3% back each month in Verizon Dollars. Starting in July, customers can redeem Verizon Dollars for devices and accessories, or for up to 5x value with partner brands. Verizon said it is eliminating activation and upgrade fees and is also offering a $70-per-month Home+Mobile bundle.

Apple introduced a CarPlay route-sharing feature at WWDC that lets navigation apps sync route data to a vehicle, including charging stops and battery information. The capability is already available with iOS 16.4 rather than a future release. A report says it could remove the last technical barrier that has kept Tesla from adding CarPlay. For now, Tesla owners still rely on third-party workarounds, with no official integration in place.