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If Apple does transition to USB-C, Gurman says that the company will come out with an adapter that would let USB-C iPhones connect to accessories that have Lightning ports. Bloomberg or Bloomberg News was founded in 1981 by businessman and the former three-term (2002-2013) mayor of New York City, Michael R. BloombergNEFs Month in Review is a free monthly email with tasters of BNEFs most recent and notable research, news articles, webinars and podcasts.

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USB-C ports would allow for faster charging speeds and quicker data transfers, plus it would bring the ‌iPhone‌ in line with the Mac and ‌iPad‌ models that already use USB-C. The European Union is working on legislation that would require Apple to use USB-C technology across its product lineup, on iPhones, iPads, and AirPods.Īll devices sold in Europe would need to have a universal USB-C port should the legislation be passed, so Apple would need to ship special USB-C iPhone models in Europe or simply make the swap to USB-C worldwide. There have been endless rumors about Apple adopting USB-C ports over the years, especially after Apple started using USB-C for the iPad lineup, but so far, Apple has stuck with Lightning for the iPhone.Īpple may be planning to swap because of legal requirements that could be implemented in Europe. We first heard about a potential swap to USB-C from Apple analyst Ming-Chi Kuo, who earlier this week said that Apple was planning to abandon the Lightning port in favor of a USB-C port in the 2023 iPhone 15 models. research from Bloomberg Intelligence, industry newsletters, court papers. Apple does not plan to make the switch from Lightning to USB-C until 2023 at the earliest, with this year's iPhones continuing to offer a Lightning port. Bloomberg's audience depends on us to cut through the noise and chaff.

More stories like this are available on bloomberg.Apple is indeed testing iPhones that are equipped with USB-C ports instead of Lightning ports, according to Bloomberg's Mark Gurman. The value of loans grew almost nine times from a year earlier to 55.54 billion rupees, according to the statement. Receive our newsletter that provides insights, news and actionable ideas from our coverage of markets, regulation, trading, investing, data, and technology. Paytm’s loan-distribution business has scaled up quickly in the past 12 months, the company said, with the number of loans growing to 8.5 million, a 492% annual jump, albeit from a low base. Bloomberg Industry Group provides guidance, grows your business, and remains compliant with trusted resources that deliver results for legal, tax, compliance, government affairs, and government contracting professionals.

Paytm, backed by Japan’s SoftBank Group Corp and China’s Ant Group Co., said it would touch operating profitability by the quarter ending September 2023 amid continued revenue growth. The company’s shares have crashed more than 50% since its mega $2.5 billion IPO fizzled in November over concerns of a hazy path to profitability. Joe leads the editorial development of markets and finance coverage across Bloomberg’s.

He is also the co-anchor of What’d You Miss, Bloomberg Television’s flagship markets program, weekdays from 3:30-5pm ET, as well as Bloomberg’s Odd Lots podcast. Paytm’s loss was probably also affected by intensifying competition with the likes of Alphabet Inc.’s Google Pay, Inc.’s Amazon Pay and Walmart Inc.’s PhonePe, and a slew of smaller fintech startups. Joe Weisenthal is the executive editor of news for Bloomberg Digital. Our weekly global markets newsletter provides insights, news and actionable ideas curated from our broad coverage of markets, regulation, trading, investing.

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Revenue rose 89% to 16.8 billion rupees, while total costs jumped 85% to 24.2 billion rupees. Select your subscriptions below Bloomberg Professional Service Insights Our weekly global markets newsletter provides insights, news and actionable ideas curated from our broad coverage of markets. The loss in the April-June period climbed to 6.44 billion rupees ($81 million) from 3.8 billion rupees a year earlier, the company said late on Friday. You may unsubscribe from the newsletters at any time.

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SALE TV Live Streaming, Videos & Podcasts. More than 1,000 specialists assess trends and opportunities, while the top tax experts from around the world fill our library of Tax Management Portfolios with leading, integral analysis. Paytm, India’s leading digital payments brand, said its first-quarter loss widened by almost 70% on higher costs, and reiterated that the company is on track to hit operational profitability by September 2023. Daily Content from Bloomberg Green Including the Latest Climate News & Insights.