HardwareMarketsTechnology

Apple iPhone 17 Sales Momentum Fuels Tech Stock Rally, Credit Concerns Linger

U.S. stocks surged Monday as Apple reached new heights following strong iPhone 17 sales data. Meanwhile, banking executives warn of potential credit contagion from recent auto lender bankruptcies, echoing concerns from previous financial crises.

Tech Stocks Rally on Apple iPhone 17 Performance

U.S. stock markets experienced broad gains Monday as technology shares, led by Apple, drove major indices higher. According to market analysis, Apple surged to a new record high after research firm Counterpoint Research concluded that iPhone 17 sales were significantly outperforming early iPhone 16 sales figures.

PolicyTechnology

Tech Giants and Student Group Challenge Texas App Store Age Verification Mandate

Major technology companies and student advocates have joined forces to challenge Texas’ new app store age verification law. The legal battles center on First Amendment concerns and privacy implications of mandatory ID checks for all users.

Legal Challenges Mount Against Texas App Store Legislation

Two separate lawsuits have been filed challenging the Texas App Store Accountability Act, with an unusual alliance of technology industry leaders and student advocates leading the charge against the controversial legislation. According to reports, both Students Engaged in Advancing Texas (SEAT) and the Computer & Communications Industry Association (CCIA) have taken legal action to prevent the law from taking effect in January 2026.