Morning Brew Daily Apple’s App Store Reign Ending? & Eyeball-Scanning Crypto's US Launch
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May 2, 2025 Apple faces challenges as tariffs hit sales and a judge limits their app store commissions. Meanwhile, Sam Altman's innovative eyeball-scanning crypto launches in the U.S., promising to change the crypto landscape. The podcast also dives into Amazon's mixed earnings and McDonald's struggles in the fast-food industry. This episode provides keen insights into tech competition, ethical dilemmas in biometric projects, and how economic shifts impact major companies and their advertising strategies.
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Apple's Mixed Quarter
- Apple beat expectations with a 5% sales rise driven by iPhone revenue and a lower-priced model.
- Challenges remain with Chinese market revenue decline and slower growth in services.
Apple's App Store Ruling Impact
- Apple's 30% app store commission was ruled anti-competitive in court.
- Judge sharply criticized Apple executives, impacting app store revenue and developer relations.
WorldCoin's Biometric Crypto Launch
- Sam Altman's WorldCoin is launching iris-scanning crypto ID in the US.
- The project faces privacy concerns globally despite aiming to prove human identity against bots.