IPhone 12 doesn't come with a plug for charging — here's what you need to buy - CNBC
The iPhone 12 comes with a USB-C cable in the box, but not the plug for your wall. You should buy a 20-watt charger from Apple or another company to charge at the fastest speeds.
Apple's new iPhone 12 and iPhone 12 Pro, which are available for preorder beginning Friday, come with a cable in the box, but not the plug that goes into a power outlet. Apple started doing this to cut down on its carbon footprint, but it also means you have to spend more to get the most out of your new iPhone. Here's the deal: If you still have one of those small square chargers from Apple that has an ordinary USB plug on it, you won't be able to use that with the new cable in the iPhone 12 box, which uses a different connection. That old charger also won't charge your iPhone as fast as possible. The new plug should give you 50% charge in about 30 minutes. You also won't get the full speed from Apple's new MagSafe wireless charger. That means your phone is going to spend a lot more time charging if you don't upgrade. Here's what the old charger I'm talking about looks like. If you have it, you should replace it. Here's what you should buy to get faster charging speeds, whether you're plugging it into the iPhone directly or into the new MagSafe wireless charger:It's Apple's $20 20-watt iPhone plug. Anker and other brands sell similar products on Amazon for about $20. (Newer iPads and Macs use similar plugs, so you may already own one. Check if you do.) And, yes, I realize spending another $20 is the last thing you want to do when you're spending at least $799 on a new iPhone. But you'll be waiting much longer for your iPhone to charge if you don't.
Apple notches biggest gain since July on anticipation of next iPhone - CNBC
Apple is expected on Tuesday to reveal its first major exterior redesign since 2017, when Apple released the iPhone X with facial recognition.
Shares of Apple soared 6.35% on Monday, as investors looked ahead to the company's product launch that's expected to reveal new iPhones. It marks the biggest gains for the company since July 31, when Apple's stock closed up 10.47% after reporting a blowout quarter. Apple is expected on Tuesday to reveal the first major redesign of the iPhone's exterior since 2017. The company is also likely to release four separate iPhones at different screen sizes and prices, marking a wider range for the company than typical. It's also expected to release iPhones that support 5G cellular networks, which promise faster download times. "We expect this fall's launch to be the most significant iPhone event in years," Morgan Stanley analyst Katy Huberty wrote in a note this week. Huberty is forecasting Apple to ship about 220 million iPhones in its fiscal 2021, which would be up 22% year over year, according to the Morgan Stanley model. Many iPhone owners are also likely due for an upgrade, according to Wedbush Securities. "With our estimation that 350 million of 950 million iPhones worldwide are currently in the window of an upgrade opportunity, we believe this will translate into an unprecedented upgrade cycle for Cook & Co," the Wedbush analysts wrote. Wall Street could also be using history as a gauge ahead of Tuesday's event. Apple's stock has a long history of outperforming in the months after the release of its new iPhones. The company's shares have outperformed the S&P 500 by an average of 13 percentage points in the six months after an iPhone launch event, according to data compiled by Morgan Stanley. Data from hedge fund analytics tool Kensho shows Apple shares are down on average for the day and week of a media event, but the stock bounces back. On average, Apple's stock is 10.7% higher three months after the event. Overall, Apple shares are up almost 70% year to date. -- CNBC's Kif Leswing and Maggie Fitzgerald contributed to this report. Subscribe to CNBC on YouTube.
Apple is about to hold 'the most significant iPhone event in years' - CNBC
Here's what to look for on Tuesday.
On Tuesday, Apple is holding a launch event where it will reveal this year's iPhone lineup. In most years, Apple announces its iPhones in September, and they go on sale shortly after that. This year is different. Apple instead released new Apple Watches last month and pushed the iPhone announcement to October. The delay is an outgrowth of the Covid-19 pandemic, which disrupted electronics manufacturing and forced most Apple employees to work from home. Still, this year's iPhone launch is significant. It is expected to include the first major exterior redesign since 2017, when Apple released the iPhone X with facial recognition. This year's models will feature iPad-like edges with flatter sides, compared with the gently curving sides of the current iPhones. Apple is also expected to release four separate iPhones at different screen sizes and prices -- a much wider range of devices than in the past. Finally, at least some new iPhones will support 5G cellular networks, which promise faster download times (although the networks aren't fully built out yet in the U.S., which could disappoint some users.) The last time Apple made such big changes to the iPhone was 2014, when the iPhone 6 came out with bigger screens and two different sizes. That prompted a major upgrade cycle -- a so-called "super-cycle" -- with over 231 million iPhones sold in the next four quarters. That remained the annual unit sales record until Apple stopped reporting unit sales in 2018. So this year's changes have investors and analysts predicting a big upgrade cycle that will make Apple an even more valuable company. "We expect this fall's launch to be the most significant iPhone event in years," Morgan Stanley analyst Katy Huberty wrote in a note this week. She's forecasting Apple to ship about 220 million iPhones in its fiscal 2021, which would be up 22% year-over-year according to the Morgan Stanley model. Here's what to look for on Tuesday. Four iPhones, including a new iPhone Mini Morgan Stanley analysts are expecting an iPhone lineup of 4 new devices, including:
- iPhone 12 Mini, a new device with a 5.4-inch screen. This would be the smallest iPhone since the company debuted full-screen versions (with no blank space at the edges) in 2017, and will probably about the same size as the iPhone 6.
- iPhone 12, the standard edition with a 6.1-inch screen, the same size as today's.
- iPhone 12 Pro, also with a 6.1-inch screen but higher specs.
- Phone 12 Pro Max, which would have the largest screen ever at 6.7 inches (today's iPhone 11 Pro Max tops out at 6.5 inches)
Washington emergency responders first to use SpaceX's Starlink internet in the field: 'It's amazing' - CNBC
SpaceX's Starlink satellite internet network has been used in the field by Washington state emergency responders in recent weeks.
The Starlink satellite internet network that SpaceX is developing has been used in the field by Washington state emergency responders in recent weeks, the first early application of the company's service to be disclosed. Washington's state military, which includes its emergency response division, began employing Starlink user terminals in early August to bring internet service to areas devastated by wildfires. User terminals are the small devices on the ground that connect to the satellites. The emergency division has seven Starlink user terminals, which it is deploying with early success. "I have never set up any tactical satellite equipment that has been as quick to set up, and anywhere near as reliable" as Starlink, Richard Hall, the emergency telecommunications leader of the Washington State Military Department's IT division, told CNBC in an interview Monday. How Washington's using Starlink Starlink is the name for SpaceX's ambitious plan to build an interconnected internet satellite network, also known as a "constellation," to deliver high-speed internet to anywhere on the planet. The full Starlink network is planned to have about 12,000 satellites flying in what is known as low Earth orbit, much closer to the surface than traditional broadband satellites. Hall, whose division has used other satellite broadband services, said "there's really no comparison" between Starlink and traditional networks, where the satellites are farther away from the Earth in Geosynchronous or medium earth orbits. "Starlink easily doubles the bandwidth" in comparison, Hall said, noting that he's seen more than 150% decreases in latency. "I've seen lower than 30 millisecond latency consistently," he said. Hall said that, with other traditional services, it typically takes between 30 minutes to an hour to set up a satellite connection, "with a lot less speed and bandwidth and a lot higher latency in a much larger package." By comparison, Hall emphasized that it took him between five and 10 minutes to set up and connect a Starlink terminal. And a single person can set up one of the devices: "It doesn't require a truck and a trailer and a whole lot of other additional equipment," Hall said. "I have spent the better part of four or five hours with some satellite equipment trying to get a good [connection]. So, to me, it's amazing," Hall added. SpaceX's Starlink development facility and factory is in Redmond, Washington, just outside of Seattle. Hall's division had some early discussions with SpaceX, he said, as the state was working "to provide some rural coverage to some of our tribal areas that were not going to get broadband at all for awhile." To date SpaceX has launched more than 700 Starlink satellites a fraction of the total needed for global coverage but enough to begin providing services in some regions, including in the northwest U.S. The company has confirmed that it's been conducting a private beta test of Starlink with employees, but Hall said Washington's emergency division use case "grew organically out of previously unrelated talks." When Washington's wildfires became increasingly severe in August, with catastrophic damage, Hall saw Starlink as a new solution for areas where the damage meant "there is no other available data connection." Washington has used Starlink to get regions "zero day communications," Hall said. He has set up terminals in areas that were burned severely to provide evacuated families with wireless calling and internet access to file insurance claims. "I even did setup to allow kids to do some of their initial schooling too, because they were pressing forward with some limited presence slowly. We covered a whole lot of bases," Hall said. "Starlink changes the game as far as what's available." The U.S. Air Force has also notably conducted early tests of Starlink, but Washington's use represents the first application of the service over several weeks. SpaceX CEO Elon Musk on Monday responded to Washington state's thanks for the support from Starlink. "Glad SpaceX could help! We are prioritizing emergency responders & locations with no Internet connectivity at all," Musk tweeted. SpaceX has sent Hall both beta and the first commercial Starlink user terminals. He said the user terminals are all "great quality," with the commercial ones being "just a bit more of a slicker, more finished product." The base of the terminal was originally a solid round weight but changed to a tripod, which Hall said allowed for a more flexible set up experience. While SpaceX told Hall that the terminal "required a clear North-facing shot," some places he set them up were "slightly obscured but it still worked like a charm, with great speeds." No service fees yet Musk's company is allowing Washington state to use the Starlink terminals for free, with Hall saying there has been "no fee structure quoted yet." "The idea is that if we want them long term then we will have come back to table and talk about that," Hall said. "Myself and other folks at my agency want to begin to hash that out because these, at least as far as we're concerned, are here to stay for us. We want to get as many spun out to as many places as we can, so knowing what the cost is going to be is better sooner rather than later." Hall added that he's aware of interest in Starlink from other organizations, such as from Washington's Department of Natural Resources and the Department of Homeland Security's Federal Emergency Management Agency. "There's a lot of interest. The only problem is that there we're still kind of limited on where we can deploy it outside of Pacific Northwest," Hall said. SpaceX plans to continue to expand Starlink's coverage area as it launches more satellites, with the company in July saying that it is building 120 satellites per month, as well as thousands of the small terminals that consumers will use to connect to the network. SpaceX plans to begin a public beta test of Starlink once the private beta test concludes, with the goal of offering commercial Starlink service in the northern U.S. and southern Canada by the end of this year. "SpaceX is being very cautious right now in what they promise us, but it's been nothing but good things," Hall said. 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Apple announces Sept. 15 event where it's expected to announce new products, iPhone coming later - CNBC
Apple usually announces new iPhones at its headquarters in September, but this year it will host it online-only due to the coronavirus. It's expected to unveil new products on Sept. 15 but may save iPhones until later.
Apple just announced a digital-only event on Sept. 15 where it's expected to reveal new products. Apple typically unveils its new iPhones during an event at its headquarters in Cupertino, California, in September, but this year that may happen later, since Apple guided during its earnings that the iPhone was delayed a few weeks. It's possible Apple also will announce the Apple Watch Series 6, a refresh to its iPad Air and other products at the event. The event starts at 10 a.m. PT. Apple didn't provide any additional details but will likely stream it online, as it usually does. The invitation Apple sent to press for the event says "Time Flies" on it, suggesting the Apple Watch Series 6 will make an appearance. Apple is expected to announce the Apple Watch Series 6. The latest watchOS 7 software supports sleep tracking and will be available for current Apple Watches, but expect that to be one highlight. Rumors have suggested it will also detect blood-oxygen saturation. Last year, Apple lowered the price of the Series 3 and made that its more affordable entry-level Apple Watch. Apple could do the same this year by dropping the cost of the Series 5 and introducing it as a more affordable option to the new Apple Watch Series 6. Reports have suggested Apple this fall will also announce a new iPad Air that looks more like an iPad Pro, with a screen that runs from edge to edge. But it's possible Apple will save that for an October event as it did in 2018, when it announced new iPads and MacBooks. Bloomberg reported in August that Apple is also preparing to launch a bundle of its services that's currently called "Apple One." The premium bundle will reportedly include Apple Music and Apple TV+ but people will be able to pack in other services, such as the gaming service Apple Arcade and Apple News+, which provides access to several news publications. Apple may also introduce new streaming workout classes as yet another subscription bundle, according to Bloomberg. Apple is expected to announce four new iPhones this year two "regular" iPhone 12 models and two iPhone 12 Pro models with new designs that include sharper edges around the corners. Those may come a few weeks after this event. For reference, the new design will be similar to 2010's iPhone 4, according to TF International Securities analyst Ming-Chi Kuo, a leading Apple analyst. Screen sizes include a 5.4-inch model, two with 6.1-inch screens and a big model with a 6.7-inch display, according to Kuo, who also said that Apple won't include headphones or a charger in the box. Bloomberg reported in April that the iPhone 12 Pro models will have three cameras and a new 3D lidar sensor that helps with augmented reality applications. That sensor first launched in the latest iPad Pro models earlier this year. Kuo said the new iPhone models will support next-generation 5G networks, though it's still unclear which models will also support the fastest, but limited range, mmWave 5G. You may not see faster data from 5G where you live right now, but it will become more important in the coming years as AT&T, T-Mobile and Verizon roll it out more broadly. Apple's stock soared this year and it hit a $2 trillion market cap, the first U.S. company to do so, on Aug. 19. But Apple stock got beat up last week and had its worst day since March 20 on Thursday, when it closed down 8%. That was part of a broader slide by the S&P 500 tech sector, which closed down 5.8% on the same day. Shares of Apple were off 4.3% at midday Tuesday amid a continuing skid for tech stocks.
Dr. Fauci says he has 'confidence and some faith' the coronavirus vaccine approval won't be political - CNBC
The Food and Drug Administration has been "very explicit" that it is going to make a decision based on data from clinical trials, Fauci said.
White House coronavirus advisor Dr. Anthony Fauci said Thursday that he is confident an approval for a coronavirus vaccine won't be motivated by politics. The Food and Drug Administration has been "very explicit" that it is going to make a decision based on data from clinical trials, Fauci said in an interview with CNN. The trial results will also be reviewed by the Data and Safety Monitoring Board, an independent group of experts who observe patient safety and treatment data, he said. "We can have some confidence and some faith in what the FDA is saying," said the director of the National Institute of Allergy and Infectious Diseases. The Centers for Disease Control and Prevention has asked governors and health departments to prepare to distribute a vaccine as soon as Nov. 1. In a letter dated Aug. 27, CDC Director Dr. Robert Redfield said states will soon receive permit applications from medical supply company McKesson, which the Department of Health and Human Services tapped to help distribute the vaccine. He said they may need to waive some licensing and permit requirements that could delay the process. The deadline just two days before the federal elections raised concerns among public health experts and scientists that approval of a vaccine will be politically motivated and the White House may be pressuring regulators to get a vaccine to the market ahead of Nov. 3. Earlier Thursday, Health and Human Services Secretary Alex Azar insisted that the government's Nov. 1 deadline for states is not linked to the presidential election. "It has nothing to do with elections. This has to do with delivering safe, effective vaccines to the American people as quickly as possible and saving people's lives," Azar said on the program "CBS This Morning." "Whether it's Oct. 15, whether it's Nov. 1, whether it's Nov 15, it's all about saving lives but meeting the FDA standards of safety and efficacy." The FDA has said it would authorize a coronavirus vaccine so long as it is safe and at least 50% effective. The flu vaccine, by comparison, generally reduces the risk of getting influenza by 40% to 60% compared with people who aren't inoculated, according to the CDC. Dr. Stephen Hahn, commissioner of the FDA, previously said the agency wouldn't authorize a vaccine that's not safe, even if it is fairly effective. "We're going to be very, very, very carefully looking at those safety data and we're going to be transparent about what we've seen," he said July 30. However, Hahn told the Financial Times earlier this week that the agency is prepared to bypass the full federal approval process in order to make a Covid-19 vaccine available as soon as possible. Insisting the agency wasn't being pressured by President Donald Trump to fast-track a vaccine, Hahn said an emergency authorization could be appropriate before phase three clinical trials are completed if the benefits outweigh the risks. The comment raised concerns that a vaccine could be authorized before it is ready. When asked on Thursday whether he would hesitate to take a vaccine, Fauci said, "not at all." "I would look at the data and assume that a vaccine would not be approved for the public unless it was safe and effective," he said. "And I keep emphasizing both safe and effective. If that's the case, I would not hesitate for a moment to take the vaccine myself and recommend it for my family."
Samsung shares could rise 50% as chip business gets a boost and Huawei struggles in smartphones - CNBC
Samsung unveiled the Galaxy Z Fold 2 on Tuesday and U.S. semiconductor company Nvidia said its next-generation gaming chip will be manufactured by the South Korean electronics giant.
Analysts are bullish on Samsung after the company unveiled a foldable phone on Tuesday and U.S. semiconductor company Nvidia said its next-generation gaming chip will be manufactured by the South Korean electronics giant. They see Samsung's shares trading at 70,376.32 Korean won ($59.35) in the next 12 months. That represents a 29% upside from Wednesday's trading price, according to an average target price collated by Refinitiv. Some analysts are even more bullish on Samsung. Daiwa Capital Markets' SK Kim has a 12-month price target of 82,000 Korean won, a more than 50% rise from Wednesday's trading price. New orders for Samsung's chip manufacturing operations or foundry, next-generation smartphone launches and a recovery in memory pricing next year are factors behind the analysts' optimism. "For SEC (Samsung Electronics), we maintain our positive view as we expect a favourable memory market environment in 2021, new foundry opportunities and attractive valuation compared with its peers such as TSMC," Kim told CNBC in an email. Nvidia deal On Tuesday, Nvidia launched the GeForce RTX 30 Series of graphics processing units (GPUs). The chips are designed for PC gaming and promise to offer more realistic images on screen, thanks to so-called "ray tracing." This technology simulates how light reacts with objects around it. Nvidia chose Samsung to manufacture the chips using a so-called 8 nanometer process customized for these semiconductors. The move was seen as positive for Samsung. Daiwa's Kim told CNBC he expects the Nvidia deal to be worth $1 billion in revenue for Samsung. Samsung's semiconductor business is very important for the company. It includes the foundry business as well as the sales of so-called NAND and DRAM chips Samsung produces, which are used in devices such as laptops and smartphones, through to data centers. Semiconductors accounted for two-thirds of Samsung's operating profit in the second quarter of this year. DRAM pricing, which has been under pressure in the second quarter, is expected to face further weakness for the rest of the year, according to a note released by UBS last week. The investment bank sees DRAM prices falling 8% quarter-on-quarter in the third quarter of this year. But the start of 2021 could bring a recovery. "First, we continue to expect DRAM pricing to start to recover in 1H21 as industry supply growth will not match demand when smartphones demand is closer to normalized levels," UBS said, referring to the first half of next year. Foldable phones to drive earnings On Tuesday, Samsung announced the Galaxy Z Fold 2 the company's third folding phone. The device launches on Sept. 18 for $1,999. While foldable phones remain a "niche" product for now, according to Sanjeev Rana, senior analyst at CLSA, who sees the number of these devices Samsung sells increasing each year. Rana told CNBC's "Street Signs Asia" on Wednesday he expects foldable phones to account for 2 million to 3 million of Samsung's overall smartphone shipments of 250 million this year. That figure will increase to between 8 million and 9 million in 2021, he said. "From 2022, foldable phones will become mainstream and given Samsung's positioning in this business ... Samsung is the first mover in this important product category. We expect foldable to become a major earnings driver for its smartphone business in the coming years," Rana said. Samsung to gain from Huawei woes Meanwhile, Huawei, one of Samsung's fiercest rivals, is facing troubles of its own. Last year, it was put on a U.S. blacklist which cut off the Chinese phone giant's access to Google's Android mobile operating system. That's not a big deal in China where Google services are blocked. However, in May, Washington amended the foreign-produced direct product rule (FDPR) requiring foreign manufacturers using American chipmaking equipment to get a license before they're able to sell semiconductors to Huawei. The move threatens to cut Huawei off from the key chips it requires for its products. Even though Huawei managed to become the number one smartphone player by market share in the second quarter, that was driven by increased shipments in China, even as its international markets declined. "We think Samsung is also a big beneficiary of U.S. sanction on Huawei and resulting decline in its smartphone market share globally. We believe Huawei's weakness will present significant opportunities to Samsung next year," Rana said. Rana has an above average price target of 72,000 Korean won on Samsung's stock, representing over 31% upside. "Our view is that Samsung stock offers great value, it's undervalued right now ... but given its positioning in global semiconductors and smartphones and looking at what other semiconductor stocks have done globally year-to-date we think market is being too conservative in valuing the company," said CLSA's Rana.
Retail investors with 'money to play with' help Malaysian stocks recoup nearly all losses this year - CNBC
Greater participation by Malaysian retail investors has hit a record high this year, while foreign funds retreated from several stock markets around Asia.
Malaysian stocks have been among the top performing in Southeast Asia and that's thanks in part to the government's coronavirus support measures which have given local retail investors "money to play with," an investor said on Wednesday. Participation by Malaysian retail investors has hit a record high this year, while foreign funds retreated from several stock markets around Asia. Bursa Malaysia, the exchange operator, said retail investors recorded a net buy of 6.4 billion ringgit ($1.53 billion) worth of securities in the first six months of 2020. In contrast, foreign investors registered a net outflow of $3.79 billion during the period, data showed. The exchange also said average daily trading value by retail investors reached 912 million ringgit ($218.7 million) in January-to-June this year more than doubling the 400 million ringgit ($95.9 million) recorded for the entire 2019. Gerald Ambrose, chief executive of Aberdeen Standard Islamic Investments in Malaysia, told CNBC's "Squawk Box Asia" that a "coincidence of factors" made the stock market "look very attractive to retail investors." He explained that several measures by the government to support the economy during the pandemic-induced slump have given Malaysians greater access to cash. Those measures include allowing people to delay payments on certain loans and loosening the criteria for withdrawing money from a federal pension fund. "I think these factors have all given people money to play with," said Ambrose. "Malaysians do like to have a go if there is the option of making serious money, that sort of feeling is there now," he added. The increase in retail investor participation has helped the benchmark Malaysian stock index the FTSE Bursa Malaysia KLCI Index to recoup almost all of its losses from a sell-off in March. As of Tuesday, the index has lost 2.1% this year one of the smallest losses among major Southeast Asian indexes. Among stocks that have performed well are glove producers, which reported a surge in demand as a result of the coronavirus pandemic. Malaysia-listed shares of Top Glove, the world's largest medical glove maker, have surged by more than 440% this year. Some investors and analysts have raised concerns that greater involvement by retail investors could lead to excessive speculation in the market. But Ambrose said the presence of retail investors is actually a good thing. "Certainly it's good to see retail traders back. And if stocks pick up and people are making money, I don't think there's any harm in that," he said. But he added that the exchange may want to watch for "syndicates" that excessively pump up stocks before dumping them, which tend to hurt retail investors the most. "I think that's the sort of the thing the stock exchange might want to come in and close off. I don't think they want to kill everything."
Coronavirus live updates: WHO says 172 countries in on global vaccine plan; Chinese e-commerce giants see a boost - CNBC
The coronavirus has infected more than 23.4 million people across the world as of Monday, killing at least 809,300 people.
Scientists are expressing some doubts about the Food and Drug Administration's emergency use authorization for convalescent plasma as a treatment for Covid-19 patients. In a Sunday news briefing, President Donald Trump touted the treatment as a "breakthrough." Former FDA chief Dr. Scott Gottlieb told CNBC that while there was enough data to justify the authorization, the treatment is not a "home run." The following data was compiled by Johns Hopkins University:
- Global cases: More than 23.4 million
- Global deaths: At least 809,300
- U.S. cases: More than 5.7 million
- U.S. deaths: At least 176,800
Apple fires back in court, says Epic Games CEO asked for special treatment - CNBC
In its filing, Apple alleges that Epic Games asked for an individual arrangement with Apple, producing three emails from Epic CEO Tim Sweeney.
Apple responded to Epic Games' lawsuit accusing it of anticompetitive behavior in how it controls the App Store, telling the court that the Fortnite maker violated Apple's rules and shouldn't be placed back into the store temporarily while the legal battle rages. In its filing, Apple alleges that Epic Games asked for an individual arrangement with Apple, producing three emails from Epic CEO Tim Sweeney that bolster its claim. This is Apple's first significant legal response to Epic Games after the dispute between the two companies spilled into the courts. It comes the week after Epic Games released a direct payment mechanism inside Fortnite designed to bypass the App Store's payment system, from which Apple takes a 30% cut. Apple subsequently removed Fortnite from its store for violating its policies. People who already have Fortnite installed on their iPhones can continue to play, but cannot update or download the app for the first time. Epic sued it Apple in an attempt to force it to change its business practices and launched a "free Fortnite" marketing campaign portraying Apple as the villain. Sweeney said earlier this month that Epic is not seeking a "special deal" with Apple that other iOS app makers don't get. But in Friday's filing, Apple disputed that point. "On June 30, 2020, Epic's CEO Tim Sweeney wrote my colleagues and me an email asking for a 'side letter' from Apple that would create a special deal for only Epic that would fundamentally change the way in which Epic offers apps on Apple's iOS platform," former Apple Senior Vice President Phil Schiller wrote in a declaration. Schiller, whose title is now Fellow, runs Apple's App Store. Apple said Sweeney was asking permission for Epic to bypass in-app purchases and allow Fortnite players to pay it directly, as well as permission to launch a third-party app store for iPhones. Schiller said that Sweeney emailed him the morning that Fortnite changed its payment mechanism saying that it "will no longer adhere to Apple's payment processing restrictions." "Because of restrictions imposed by Apple, Epic is unable to provide consumers with certain features in our iOS apps," Sweeney wrote in the June 30 email titled "Consumer Choice & Competition" produced by Apple. It was sent to Apple CEO Tim Cook as well as Schiller and other top Apple executives. "Apple would need to provide a side letter or alter its contracts and standards documents to remove such restrictions to allow Epic to provide a competing app store and competing payment processing option to iOS customers," it continued, although the letter did note that "we hope that Apple will also make these options equally available to all iOS developers." Sweeney tweeted on Friday in response that Apple's characterization is misleading, saying that he wrote in the letter that he "hopes that Apple will also make these options equally available to all iOS developers." Epic has asked for a temporary restraining order that would place Fortnite back on the App Store. A hearing on that order is scheduled for Monday in the Northern District of California. "In the wake of its own voluntary actions, Epic now seeks emergency relief. But the 'emergency' is entirely of Epic's own making," Apple's lawyers said in the filing. Apple says that if Epic were to remove the payment mechanism it introduced, it would allow Fortnite to return to the App Store, and would not disable Epic's developer account. If Epic were to lose its Apple developer accounts, it would not only be unable to publish Fortnite for iPhones, but it would also hamper the development of the Unreal Engine, software that helps programmers make games, and is used in hundreds of apps from many other companies.