Apple unveils the redesigned 11-inch and all-new 13-inch iPad Air, supercharged by the M2 chip

Now available in two sizes, iPad Air is more powerful and versatile than ever with phenomenal performance and AI capabilities, a new landscape front camera, and faster Wi-Fi, along with support for Apple Pencil Pro

Apple® today announced the redesigned 11-inch and all-new 13-inch iPad Air®, supercharged by the M2 chip. Now available in two sizes for the first time, the 11-inch iPad Air is super-portable, and the 13-inch model provides an even larger display for more room to work, learn, and play. Both deliver phenomenal performance and advanced capabilities, making iPad Air more powerful and versatile than ever before. Featuring a faster CPU, GPU, and Neural Engine in M2, the new iPad Air offers even more performance and is an incredibly powerful device for artificial intelligence. The front-facing Ultra Wide 12MP camera with Center Stage™ is now located along the landscape edge of iPad Air, which is perfect for video calls. It also includes faster Wi-Fi, and cellular models include super-fast 5G, so users can stay connected on the go. With a portable design, all-day battery life, a brilliant Liquid Retina® display, and support for Apple Pencil Pro™, Apple Pencil® (USB-C), and Magic Keyboard®, iPad Air empowers users to be even more productive and creative. The new iPad Air is available in new blue and purple finishes, along with starlight and space gray. The 11-inch iPad Air still starts at just $599, and the 13-inch iPad Air is a fantastic value at just $799. Customers can order the new iPad Air today, with availability beginning Wednesday, May 15.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240507716838/en/

Now available in two sizes for the first time, the new iPad Air with M2 is more powerful and versatile than ever, featuring phenomenal performance, a landscape front-facing camera, and faster Wi-Fi, along with support for Apple Pencil Pro. (Graphic: Business Wire)

Now available in two sizes for the first time, the new iPad Air with M2 is more powerful and versatile than ever, featuring phenomenal performance, a landscape front-facing camera, and faster Wi-Fi, along with support for Apple Pencil Pro. (Graphic: Business Wire)

"So many users — from students, to content creators, to small businesses, and more — love iPad Air for its performance, portability, and versatility, all at an affordable price. Today, iPad Air gets even better," said Bob Borchers, Apple's vice president of Product Marketing. "We're so excited to introduce the redesigned 11-inch and all-new 13-inch iPad Air, offering two sizes for the first time. With its combination of a brilliant Liquid Retina display, the phenomenal performance of the M2 chip, incredible AI capabilities, and its colorful, portable design with support for new accessories, iPad Air is more powerful and versatile than ever."

iPad Air: Now Available in Two Sizes

The redesigned 11-inch iPad Air is super-portable, perfect for getting work done on the go. For users who want a larger display, the new 13-inch iPad Air offers 30 percent more screen real estate than the 11-inch model. The expansive display gives users more space to capture their ideas in apps like Freeform®, or view multiple apps using Split View in iPadOS®. Both models include advanced displays with a Liquid Retina design; an anti-reflective screen coating; True Tone® technology; high brightness; and support for P3 wide color, resulting in content that looks remarkably rich and vibrant, and text that is sharp in all kinds of lighting conditions.

Landscape Front-Facing Camera

In the redesigned iPad Air, the front-facing Ultra Wide 12MP camera is now located along the landscape edge. The camera features Center Stage, which uses machine learning (ML) to automatically keep everyone in the field of view. This new camera location is perfect, since it has become the most common orientation for iPad® users, whether they are connecting with friends and family over FaceTime®, or joining a video conference while using iPad Air in a keyboard. The 12MP Wide back camera on iPad Air delivers high-resolution photos and detailed 4K video with support for 240-fps slo-mo. Dual microphones are designed to work in unison with the cameras, capturing audio from the camera being used and minimizing distracting background noise. The new iPad Air also has landscape stereo speakers with Spatial Audio. The 13-inch model delivers even better sound quality with double the bass, which is great for enjoying music and videos.

Even More Performance with M2

The M2 chip brings another big boost in performance to iPad Air, featuring a faster 8-core CPU and 10-core GPU. M2 is a powerful chip that offers a number of improvements over M1, delivering a huge leap in performance for those upgrading from previous-generation iPad Air models. When combined with faster memory bandwidth, the new iPad Air is nearly 50 percent faster than the previous iPad Air with M1 for a wide range of productivity and creative tasks. 1 And compared to iPad Air with A14 Bionic, the new iPad Air delivers up to 3x faster performance. From creating engaging content faster than ever in Affinity Designer, to playing demanding, graphics-intensive games like Zenless Zone Zero, users will feel the speed of M2 in everything they do.

Powerful Device for AI

With M2, the new iPad Air is an amazing device for AI, featuring a more efficient 16-core Neural Engine that is 40 percent faster than M1. Combined with ML accelerators in the CPU and a powerful GPU to boost on-device machine learning, along with Apple silicon's unified memory architecture, iPad Air delivers exceptional AI performance. Taking advantage of this performance, users can enjoy intelligent iPadOS features such as Visual Look Up, Subject Lift, or Live Text®. iPadOS also has advanced frameworks like Core ML® that make it easy for developers to tap into the Neural Engine to deliver powerful AI features right on device. With the vast ecosystem of apps that include advanced AI features, users can do things like use the Auto Enhance tool in Photomator, which improves photos with a single click using AI models, or analyze athletic performance like never before with Onform and its motion tracking capabilities. iPad Air also supports cloud-based solutions, enabling users to run advanced productivity and creative apps that tap into the power of AI, such as Microsoft Copilot for Microsoft 365 and Adobe Firefly.

Faster Connectivity with Wi-Fi 6E and 5G

With faster wireless connectivity on the go, users can do even more on iPad Air. The new iPad Air supports Wi-Fi 6E, which delivers up to 2x increased performance than the previous generation, so users can download files, play games online, and stream movies. Wi-Fi + Cellular models with 5G allow users to access their files, communicate with peers, and back up their data in a snap while on the go. Cellular models of the new iPad Air are activated with eSIM, a more secure alternative to a physical SIM card, allowing users to quickly connect and transfer their existing plans digitally, and store multiple cellular plans on a single device. Customers can easily get connected to wireless data plans on the new iPad Air in over 190 countries and regions around the world without needing to get a physical SIM card from a local carrier.

Versatile Accessories, Including Apple Pencil Pro

Apple Pencil Pro features even more magical capabilities and powerful new interactions that take the Apple Pencil experience even further. A new sensor in the barrel can sense a user's squeeze, bringing up a tool palette to quickly switch tools, line weights, and colors, all without interrupting the creative process. A custom haptic engine delivers a light tap that provides confirmation when users squeeze, use double-tap, or snap to a Smart Shape for a remarkably intuitive experience. A gyroscope allows users to roll Apple Pencil Pro for precise control of the tool they're using. Rotating the barrel changes the orientation of shaped pen and brush tools, just like pen and paper. And with Apple Pencil hover, users can visualize the exact orientation of a tool before making a mark.

With these advanced features, Apple Pencil Pro allows users to bring their ideas to life in entirely new ways, and developers can also create their own custom interactions. Apple Pencil Pro brings support for Find My® to Apple Pencil for the first time, helping users locate Apple Pencil Pro if misplaced. It pairs, charges, and is stored on the side of iPad Air through a new magnetic interface. iPad Air also supports Apple Pencil (USB-C), ideal for note taking, sketching, annotating, journaling, and more, at a great value.

iPad Air works with the Magic Keyboard®, which includes a floating design, built-in trackpad, and backlit keyboard. The new Smart Folio for iPad Air attaches magnetically and now supports multiple viewing angles for greater flexibility. Available in charcoal gray, light violet, denim, and sage, the new Smart Folio complements the finishes of iPad Air.

Power of iPadOS 17

iPadOS 17 brings new levels of personalization and versatility that elevate the iPad Air experience:

  • Users can customize the Lock Screen to make it more personal, taking advantage of the 11-inch or new, larger 13-inch display on iPad Air. This includes stunning wallpapers, fun ways to showcase users' favorite photos, and expressive fonts and colors to personalize the look of the date and time.
  • Interactive widgets take glanceable information further with the ability to get tasks done right in the moment with just a tap.
  • Messages offers fun ways for users to express themselves, including a stickers experience with emoji stickers and the ability to create Live Stickers by lifting subjects from photos.
  • In FaceTime , users can leave an audio or video message when someone doesn't pick up a call. With Continuity Camera, users can take advantage of the camera and microphone on iPad Air and initiate a video call directly from Apple TV®, or start the call on iPad and then hand it off to Apple TV.
  • Freeform offers new drawing tools; support for hover, tilt, and snap to shape; the ability to add connection lines and new shapes to any object; and Follow Along to guide collaborators around the board.
  • The Notes app gives users new ways to organize, read, annotate, and collaborate on PDFs. Working with PDFs is also easier with AutoFill , which intelligently identifies and fills fields in forms.
  • With Stage Manager® , users can work with multiple overlapping windows in a single view, resize windows, tap to switch between apps, and more.
  • In addition to Visual Look Up , Subject Lift , and Live Text , users can take advantage of AI capabilities like Live Captions for real-time audio captions and intelligent accessibility features such as Personal Voice .

Vast Ecosystem of Apps

iPad Air also comes with exceptional apps built in, including Freeform, Notes, iMovie®, GarageBand®, Photos, and the iWork® suite of productivity apps — Pages®, Numbers®, and Keynote®. Logic Pro® for iPad 2 and Final Cut Pro for iPad 2 bring new features that transform iPad Air into an even more flexible creative powerhouse. 2 Available Monday, May 13, Logic Pro delivers breakthrough professional experiences for songwriting, beat-making, producing, and mixing with powerful AI-driven features, including Session Players, ChromaGlow™, and Stem Splitter. Coming later this spring, Final Cut Pro turns iPad into the ultimate mobile production studio, with Live Multicam to control and record with up to four iPhone® or iPad devices with Final Cut Camera™; 3 external project support; 4 and even more new content. And with over a million apps on the App Store®, iPad Air users can find apps for anything they want to do, from advanced productivity to creativity.

Better for the Environment

The new iPad Air is designed with the environment in mind, including 100 percent recycled aluminum in the enclosure, 100 percent recycled rare earth elements in all magnets, and 100 percent recycled gold plating and tin soldering in multiple printed circuit boards. The new iPad Air meets Apple's high standards for energy efficiency, and is free of mercury, brominated flame retardants, and PVC. The packaging is 100 percent fiber-based, bringing Apple closer to its goal to remove plastic from all packaging by 2025.

Today, Apple is carbon neutral for global corporate operations, and by 2030, plans to be carbon neutral across the entire manufacturing supply chain and life cycle of every product.

Pricing and Availability

  • Customers can order the new iPad Air with M2 starting today, May 7, on apple.com/store , and in the Apple Store® app in 29 countries and regions, including the U.S. It will begin arriving to customers, and will be in Apple Store locations and Apple Authorized Resellers, starting Wednesday, May 15.
  • The new 11-inch and 13-inch iPad Air will be available in blue, purple, starlight, and space gray, with 128GB, 256GB, 512GB, and 1TB configurations.
  • The 11-inch iPad Air starts at $599 (U.S.) for the Wi-Fi model, and $749 (U.S.) for the Wi-Fi + Cellular model. The 13-inch iPad Air starts at $799 (U.S.) for the Wi-Fi model, and $949 (U.S.) for the Wi-Fi + Cellular model.
  • For education, the new 11-inch iPad Air starts at $549 (U.S.), and the 13-inch model starts at $749 (U.S.). Education pricing is available to current and newly accepted college students and their parents, as well as faculty, staff, and home-school teachers of all grade levels. For more information, visit apple.com/us-hed/shop .
  • The new Apple Pencil Pro is compatible with the new iPad Air. It is available for $129 (U.S.), and $119 (U.S.) for education. Apple Pencil (USB-C) is available for $79 (U.S.) and $69 (U.S.) for education.
  • The Magic Keyboard, available in black and white finishes, is compatible with the 11-inch and 13-inch iPad Air. It can be purchased for $299 (U.S.) for the new 11-inch iPad Air, and $349 (U.S.) for the new 13-inch iPad Air, with layouts for over 30 languages. For education, the 11-inch Magic Keyboard is available for $279 (U.S.), and the 13-inch Magic Keyboard is available for $329 (U.S.).
  • The new Smart Folio, available in charcoal gray, light violet, denim, and sage, is $79 (U.S.) for the new 11-inch iPad Air, and $99 (U.S.) for the new 13-inch iPad Air.
  • Logic Pro for iPad 2 will be available May 13 as a free update for existing users, and for new users, it will be available on the App Store for $4.99 (U.S.) per month or $49 (U.S.) per year, with a one-month free trial. Logic Pro for iPad 2 requires iPadOS 17.4 or later. For more information, visit apple.com/logic-pro-for-ipad .
  • Final Cut Pro for iPad 2 will be available later this spring on the App Store for $4.99 (U.S.) per month, or $49 (U.S.) per year, with a one-month free trial.
  • Apple offers great ways to save on the latest iPad. Customers can trade in their current iPad and get credit toward a new one by visiting the Apple Store online , the Apple Store App, or an Apple Store location. To see what their device is worth and for terms and conditions, customers can visit apple.com/shop/trade-in .
  • Customers in the U.S. who shop at Apple using Apple Card® can pay monthly at 0 percent APR when they choose to check out with Apple Card Monthly Installments, and they'll get 3 percent Daily Cash® back — all upfront.

Apple revolutionized personal technology with the introduction of the Macintosh in 1984. Today, Apple leads the world in innovation with iPhone, iPad, Mac, AirPods, Apple Watch, and Apple Vision Pro. Apple's six software platforms — iOS, iPadOS, macOS, watchOS, visionOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+. Apple's more than 150,000 employees are dedicated to making the best products on earth and to leaving the world better than we found it.

1 Testing was conducted by Apple in March and April 2024. See apple.com/ipad-air for more information.
2 Logic Pro for iPad 2 will be available on iPad models with the A12 Bionic chip or later, and Final Cut Pro for iPad 2 is compatible with iPad models with the M1 chip or later.
3 Final Cut Camera is compatible with iPhone Xs and later with iOS 17.4 or later, and iPad models compatible with iPadOS 17.4 or later.
4 External project support requires iPadOS 17.5 or later.

NOTE TO EDITORS: For additional information visit Apple Newsroom ( www.apple.com/newsroom ), or email Apple's Media Helpline at media.help@apple.com .

© 2024 Apple Inc. All rights reserved. Apple, the Apple logo, iPad Air, Center Stage, Liquid Retina, Apple Pencil Pro, Apple Pencil, Magic Keyboard, Freeform, iPadOS, True Tone, iPad, FaceTime, Live Text, Core ML, Find My, Magic Keyboard, Apple TV, Stage Manager, iMovie, GarageBand, iWork, Pages, Numbers, Keynote, Logic Pro, ChromaGlow, iPhone, Final Cut Camera, App Store, Apple Store, Apple Card, and Daily Cash are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

Tara Courtney
Apple
tcourtney@apple.com

Lance Lin
Apple
lance_lin@apple.com

News Provided by Business Wire via QuoteMedia

AAPL
The Conversation (0)
Apple debuts iPhone 16 Pro and iPhone 16 Pro Max

Apple debuts iPhone 16 Pro and iPhone 16 Pro Max

Powered by the A18 Pro chip and built for Apple Intelligence, the Pro lineup introduces larger display sizes, Camera Control, innovative pro camera features, and a huge leap in battery life

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Apple announces Chief Financial Officer transition

Apple announces Chief Financial Officer transition

Apple® today announced that Chief Financial Officer Luca Maestri will transition from his role on January 1, 2025. Maestri will continue to lead the Corporate Services teams, including information systems and technology, information security, and real estate and development, reporting to Apple CEO Tim Cook. As part of a planned succession, Kevan Parekh, Apple's Vice President of Financial Planning and Analysis, will become Chief Financial Officer and join the executive team.

"Luca has been an extraordinary partner in managing Apple for the long term. He has been instrumental in improving and driving the company's financial performance, engaging with shareholders, and instilling financial discipline across every part of Apple. We're fortunate that we will continue to benefit from the leadership and insight that have been the hallmark of his tenure at the company," said Tim Cook, Apple's CEO.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Apple reports third quarter results

Apple reports third quarter results

June quarter records for Revenue and EPS

Services revenue reaches new all-time high

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Apple scores record 72 Emmy Award nominations and sweeps across top categories including Outstanding Limited series for "Lessons in Chemistry," Outstanding Drama for "The Morning Show" and "Slow Horses" and Outstanding Comedy for "Palm Royale"

Apple scores record 72 Emmy Award nominations and sweeps across top categories including Outstanding Limited series for "Lessons in Chemistry," Outstanding Drama for "The Morning Show" and "Slow Horses" and Outstanding Comedy for "Palm Royale"

With best-ever Emmy showing, Apple TV+ lands nominations across 16 Apple Originals including "Lessons in Chemistry," "The Morning Show," "Slow Horses," "Palm Royale," "Loot," "Hijack," "STEVE! (martin) a documentary in 2 pieces," "Girls State," "The Reluctant Traveler With Eugene Levy," "Masters of the Air," "Silo," "Physical," "Hannah Waddingham: Home for Christmas," "The New Look," "Sugar" and more

"The Morning Show" lands first-ever nomination for Best Drama and leads with the most performance nominations for a drama series, including Best Actress in a Drama for stars and executive producers Jennifer Aniston and Reese Witherspoon

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Apple The Exchange TRX to welcome its first customers this Saturday, June 22, in Kuala Lumpur

Apple The Exchange TRX to welcome its first customers this Saturday, June 22, in Kuala Lumpur

Apple's first retail location in Malaysia will offer its full lineup of products and services, unparalleled support from over 160 team members, and sessions with local creatives

Apple® today previewed Apple The Exchange TRX, the first Apple Store® in Malaysia. Located in the heart of Kuala Lumpur's new Tun Razak Exchange (TRX) central business district, the new store will deliver the magic of Apple in the country like never before. Customers can discover and buy Apple's innovative lineup of products and services, receive exceptional service from knowledgeable team members, and learn how to get the most out of their devices through free Today at Apple® sessions.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
cell phone lying on table with app icons floating above it

How to Invest in Mobile Apps (Updated 2024)

The ubiquity of mobile devices and their prominence in everyday life has led to the development of mobile apps for everything from gaming and dating to banking and stock trading.

Mobile apps began rising to prominence in 2007 with the launch of the iPhone, which heralded a new era in connectivity brought about by revolutionary touch technology. The field has grown widely from thereon out, and the diversity of today’s offerings makes investing in mobile apps an appealing prospect.

With about 2.87 million apps in Google’s (NASDAQ: GOOGL) Google Play Store and around 1.96 million apps available in Apple’s (NASDAQ:AAPL) App Store, there is no shortage of app choices for mobile devices.

Keep reading...Show less
Icons for various apps floating above a smartphone.

Social Media Stocks: 5 Biggest Companies

The world’s largest social media platforms have revolutionized the way people connect on the internet, and the companies behind these platforms can offer major investment opportunities.

This year's strong rally in technology stocks, led by Meta Platforms (NASDAQ:FB), is a clear example of the huge presence social media companies have in the stock market. In late April, shares of the social media giant jumped 14.6 percent on higher-than-expected earnings. The news came alongside increasing investor confidence in the broader tech industry.

“Meta earnings show the company’s commitment to cost discipline while driving accelerating N-T revenue growth and also continuing to invest in longer-term transformational technologies like artificial intelligence (AI) and the metaverse,” said Doug Anmuth, an analyst at JPMorgan Chase (NYSE:JPM).

Keep reading...Show less
BlackBerry Extends Partnership with Leading Managed Security Services Provider  to Ensure SMBs are Set Up for Cyber Success

BlackBerry Extends Partnership with Leading Managed Security Services Provider to Ensure SMBs are Set Up for Cyber Success

BlackBerry Limited (NYSE: BB; TSX: BB) and Solutions Granted today announced an extended partnership, naming the leading cybersecurity services provider a Master Managed Security Services Provider (MSSP), enabling it to better scale and meet the growing demand for cybersecurity services among small and medium-sized businesses (SMBs).

BlackBerry Logo Black (PRNewsfoto/Blackberry Limited)

"Solutions Granted has been honored as BlackBerry MSSP Partner of the Year for North America for five consecutive years and we're excited to take our partnership to the next level by crowning them as our top Master MSSP," said Adam Enterkin , Chief Revenue Officer, Americas, BlackBerry Cybersecurity. "BlackBerry is dedicated to increasing its focus on MSSP partners to ensure they're set up for success. Endpoints are proliferating, and so are the cyberattacks against them. Our extended partnership with Solutions Granted will help hundreds of small and mid-size businesses continuously adapt to an ever-changing threat landscape."

As a 'Master MSSP', Solutions Granted will be better positioned to help its own partners to deliver Managed Detection and Response (MDR) and other Managed Security Services to their mid-market and SMB clients.  In partnership with BlackBerry and heavily leveraging the Cylance® AI-powered portfolio, Solutions Granted helps thousands of clients secure their environments and prevent attacks. By working with Solutions Granted, MSSPs and managed service providers (MSPs) can offer industry leading managed security, without making the significant investment of building out their own security operations center (SOC).

CylanceENDPOINT™ is among the solutions it helps managed service providers (MSPs) deploy to clients, either as individual managed services or integrated into a SOC-as-a-service offering.

"BlackBerry's support for our business model provides the flexibility we need to continue to meet customer demand and provide the best possible product support for their business needs," said Michael E. Crean , Chief Executive Officer, Solutions Granted. "We value the investment BlackBerry is making in our partnership and know this will go a long way in setting up our customers for success."

To learn more about BlackBerry MSSP Partners, visit blackberry.com/us/en/partners/mssp-partners .

About BlackBerry

BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world.  The company secures more than 500M endpoints including over 215M vehicles.  Based in Waterloo, Ontario , the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint management, endpoint security, encryption, and embedded systems.  BlackBerry's vision is clear - to secure a connected future you can trust.

BlackBerry. Intelligent Security. Everywhere.

For more information, visit BlackBerry.com and follow @BlackBerry.

Trademarks, including but not limited to BlackBerry and EMBLEM Design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved.  All other trademarks are the property of their respective owners.  BlackBerry is not responsible for any third-party products or services.

About Solutions Granted Inc.

Solutions Granted is a Master Managed Security Services Provider (Master MSSP). They offer cybersecurity solutions to North American MSPs and MSSPs and are committed to delivering solutions without requiring minimums, commitments, or long-term contracts. They proudly offer many security layers as well as a 24x7 U.S.-based Security Operations Center (SOC). Over the past several years, Solutions Granted has emerged as a clear leader in the channel, by winning countless awards including the CRN Security 100 list, Top 100 MSSP List, Top Global MSSP List, and BlackBerry MSSP Partner of the Year. Learn more at https://www.SolutionsGranted.com

Media Contacts:

BlackBerry Media Relations

+1 (519) 597-7273

mediarelations@BlackBerry.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/blackberry-extends-partnership-with-leading-managed-security-services-provider-mssp-to-ensure-smbs-are-set-up-for-cyber-success-301803800.html

SOURCE BlackBerry Limited

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
BlackBerry's Quarterly Threat Intelligence Report Finds Banks, Healthcare Providers and Food Retailers are Top Targets for Cybercrime

BlackBerry's Quarterly Threat Intelligence Report Finds Banks, Healthcare Providers and Food Retailers are Top Targets for Cybercrime

Geopolitical unrest positions key industries as targets for state-sponsored actors and financially motivated attacks

BlackBerry Limited (NYSE: BB; TSX: BB) today released its latest Quarterly Global Threat Intelligence Report highlighting an increase in cyberattacks directed at financial institutions, food retailers and healthcare providers, with 60 percent of all attacks targeting these three key industries.

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
person using credit card to pay for something on their phone

Mobile Investing in Australia

After lagging behind for a prolonged period, Australia's tech sector is ramping up at an accelerated pace. The tech sector is now equivalent to 8.5 percent of the country's GDP as of the end of 2021, an increase of 26 percent since the onset of COVID-19 through June 2021 and a massive 79 percent increase over the past five years. Tech contributes AU$167 billion to the Australian economy, trailing only the mining (AU$205 billion) and financial/insurance (AU$169 billion) sectors.

Australia's characteristically resilient economy — which had not experienced a recession in nearly 30 years prior to COVID-19 lockdowns — has provided a sturdy backdrop for its growing tech sector. The growth in the tech sector’s contribution to the GDP has outpaced average growth of other industries by more than 400 percent, a gain partly attributable to accelerated digital technology adoption during the pandemic.

This dramatic expansion is largely in response to Australia's need to catch up to the rest of the world and assert itself in the global tech marketplace. Should the tech sector continue to grow at its current rate it will eventually surpass the relative GDP contribution of the long dominant mining sector. This will also complete the process of bringing Australia more in line with other western economies such as the UK, and notably Canada, which is comparable to Australia in terms of its dominant mining and agricultural industries.

Keep reading...Show less
DGTL Holdings Completes Acquisition of Engagement Labs

DGTL Holdings Completes Acquisition of Engagement Labs

DGTL Holdings Inc. (TSXV: DGTL) (OTCQB: DGTHF) (WKN: A2QB0L) (FSE: D0G) ("DGTL Holdings") and Engagement Labs Inc. (TSXV: EL) ("Engagement Labs") are pleased to announce that DGTL has completed its previously announced acquisition of Engagement Labs by way of a plan of arrangement (the "Arrangement").

Transaction Details

News Provided by Newsfile via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×