Report: Apple’s App Store revenue rose 11.5% despite Epic Games ruling

In May, a judge ruled that Apple couldn’t charge a 27% commission for purchases made outside of its App Store, a workaround the iPhone maker had used to continue making money even while letting app makers direct users to their own websites. For Apple’s quarter ended in June, that doesn’t seem to have dinged the App Store’s revenue, according to a Bank of America Global Research Media report.

Citing Sensor Tower data, BofA found that the App Store’s revenue grew 11.5% in the company’s fiscal third quarter, up from $7.5 billion in 2024 to $8.4 billion this year. “While some investors may question the near-term severity of the ruling from the Epic Games case, this concern appears to be moot,” analyst Wamsi Mohan wrote.

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Jon Keegan13m

Anthropic projections for 2028: Up to $70 billion in revenue, could be profitable by 2027

Anthropic’s Claude API business is doing so well with enterprise customers, the company is upping its revenue forecasts significantly. According to a report from The Information, the company’s robust corporate sales have revised their most optimistic forecast up to $70 billion in sales by 2028.

Anthropic estimates their API business will be double that of OpenAI’s API sales. OpenAI is currently burning much more money per month than Anthropic, and reportedly expects to burn as much as $115 billion through 2029, while Anthropic is expecting that it could be cash positive by 2027 according to the report.

Anthropic Projects $70 Billion in Revenue, $17 Billion in Cash Flow in 2028

Rani Molla37m

Amazon, which is developing AI shopping agents, doesn’t want Perplexity’s AI shopping agents on its site

Amazon has sent a cease-and-desist letter to Perplexity AI, demanding that it stop letting its AI browser agent, Comet, make online purchases for users, Bloomberg reports.

Amazon, which is developing its own AI shopping agents and is having “conversations” with builders of third-party agents, accused the AI startup of “committing computer fraud by failing to disclose when its AI agent is shopping on a user’s behalf, in violation of Amazon’s terms of service.”

Perplexity, in response, said Amazon is attempting to “eliminate user rights” in order to sell more ads.

Amazon Demands Perplexity Stop AI Agent From Making Purchases

Perplexity, in response, said Amazon is attempting to “eliminate user rights” in order to sell more ads.

Jon Keegan1h

Apple to challenge Google Chromebooks with low-cost Mac laptop, Bloomberg reports

Apple is designing a new sub-$1,000 Mac laptop aimed at the education market, Bloomberg reports.

Google’s low cost Chromebooks currently dominate the K-12 education market, and Apple’s re-entry into the education market which it once owned could disrupt the sector's status quo.

According to the report, Apple plans on using the custom mobile chips it currently use in iPhones to power the more-affordable devices.

Apple’s recent earnings demonstrated that iPhone sales have been steady, and te tech giant is looking to find new areas of growth, like services. A low-cost Mac could be popular with consumers, in addition to education buyers.

Apple Prepares to Enter Low-Cost Laptop Market for First Time

According to the report, Apple plans on using the custom mobile chips it currently use in iPhones to power the more-affordable devices.

Jon Keegan2h

Getty Images suffers partial defeat in UK lawsuit against Stability AI

Stability AI, the creator of image generation tool Stable Diffusion, largely defended itself from a copyright violation lawsuit filed by Getty Images, which alleged the company illegally trained its AI models on Getty’s image library.

Lacking strong enough evidence, Getty dropped the part of the case alleging illegal training mid-trial, according to Reuters reporting.

Responding to the decision, Getty said in a press release:

“Today’s ruling confirms that Stable Diffusion’s inclusion of Getty Images’ trademarks in AI‑generated outputs infringed those trademarks. ... The ruling delivered another key finding; that, wherever the training and development did take place, Getty Images’ copyright‑protected works were used to train Stable Diffusion.”

Stability AI still faces a lawsuit from Getty in US courts, which remains ongoing.

A number of high-profile copyright cases are still working their way through the courts, as copyright holders seek to win strong protections for their works that were used to train AI models from a number of Big Tech companies.

Getty Images largely loses landmark UK lawsuit over AI image generator

Responding to the decision, Getty said in a press release:

“Today’s ruling confirms that Stable Diffusion’s inclusion of Getty Images’ trademarks in AI‑generated outputs infringed those trademarks. ... The ruling delivered another key finding; that, wherever the training and development did take place, Getty Images’ copyright‑protected works were used to train Stable Diffusion.”

Stability AI still faces a lawsuit from Getty in US courts, which remains ongoing.

Rani Molla

Waymo Business

Uber says it’s doing better in markets where it has autonomous vehicles

It’s autonomous ride-sharing business is still very small.

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