Crypto News

Apple Shuts In-House Making of Watch Displays After Previous AI Prioritization

Published by

Apple has decided to shut down plans for the in-house manufacturing of smartwatch displays. According to a Bloomberg report, the tech giant has also decided to go for some job cuts due to this change in operational plans. Apple’s move comes right after it had previously closed its EV segment to focus more on AI.

Apple to Stop Creating Its Own Wearable Display

Bloomberg highlights that Apple is ending another costly R&D project by bringing a stop to a protracted attempt to design and create its in-house wearable displays. The report claims that the corporation has discontinued an internal initiative to produce panels with microLED technology in recent weeks. The displays, which had more vivid and brighter images, were supposed to be included in a later iteration of the Apple Watch before possibly being used in other devices.

Read Also: Breaking: Do Kwon To Be Released From Jail, Travel Ban In Place

Apple Prioritizes AI over EV

Today’s reports on Apple’s decision to close the in-house wearable watch set manufacturing come right after Apple had announced shutting its EV manufacturing plans to focus on AI. Apple had previously shifted some employees to its artificial intelligence project and discontinued working on its electric vehicle project. The EV industry is currently experiencing a precarious trajectory, which coincides with the EV operations stoppage.

With its decision to leave the electric vehicle business, Apple is probably going to shift its attention to AI goods going forward. The decision was made in response to tech corporations’ attempts to profit handsomely from artificial intelligence services. Google has already unveiled an updated version of its AI-powered Gemini for Workspace. Microsoft is likewise bolstering its AI product portfolio with important additions in the same contest.

Apple to Also Cut Jobs

After deciding to end another costly R&D project, Apple might be reducing its workforce slightly. Tech layoffs that had started in 2022, have still grappled with the industry terribly. However, Apple was one of the only big names that did not heavily reduce its workforce. It did cut a few positions in its corporate retail teams back in early 2023, but that was still small as compared to its peers. Today’s layoffs make it the second for the company in the past two years.

Read Also: Blackrock Shrugs Off Diversification into ‘Other Crypto Products’

Share
Published by

Recent Posts

  • Blockchain News

Breaking: XRP Ledger Reveals Next Mainnet Upgrade, Version 3.2.0 To Go Live Soon

Today, XRP Ledger Operations announced that XRP Ledger version 3.2.0 is soon to be deployed…

June 5, 2026
  • Crypto News

Grayscale Reveals Why Michael Saylor’s Strategy May Sell More Bitcoin

Michael Saylor’s Strategy will likely sell more Bitcoin to meet cash flow obligations, Grayscale Research…

June 5, 2026
  • Crypto News

Breaking: Kalshi Launches Ethereum Perpetuals with Zero Trading Fees

Prediction market Kalshi announced on Thursday that Ethereum perpetuals are now live for trading. This…

June 4, 2026
  • Crypto News

Crypto Market Loses $2 Tln, Michael Saylor Explains Why

The latest crypto market crash is gaining notable traction, with many evaluating the potential of…

June 4, 2026
  • Crypto News

Standard Chartered Holds $100,000 Bitcoin Price Prediction, Says “Bottom Is Nearly In”

$920 billion Wall Street giant Standard Chartered maintained its $100,000 Bitcoin price prediction despite the…

June 4, 2026
  • Regulation News

JPMorgan Sees CLARITY Act At Risk As Election Clock Ticks

JPMorgan analysts have warned that the chances of passage for the CLARITY Act in 2026…

June 4, 2026