Apple has awarded rare retention bonuses to its iPhone hardware designers in an effort to curb a growing wave of departures to AI startups, particularly OpenAI.

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	Forwarded this email? Subscribe here for more Apple awards rare $200K–$400K bonuses to iPhone designers to stem exodus to OpenAI MacDailyNews Mar 30   READ IN APP   Apple has awarded rare retention bonuses to its iPhone hardware designers in an effort to curb a growing wave of departures to AI startups, particularly OpenAI. The bonuses, granted as restricted stock units that vest over four years, are valued at approximately $200,000 to $400,000 per recipient over the full vesting period. Apple’s leadership is increasingly concerned about the poaching of key engineering talent, with OpenAI emerging as a significant threat after hiring former Apple design chief Jony Ive along with several dozen other Apple engineers. Mark Gurman for Bloomberg News: ‎ The bonuses were issued as stock units that vest over four years, meaning employees must remain at Apple to receive the full value, said the people, who asked not to be identified because the move wasn’t public. It’s a typical structure for Apple stock-based pay packages. In many cases, the awards — separate from Apple’s typical bonuses — are worth roughly $200,000 to $400,000 over the full vesting period. The packages could ultimately offer a bigger payoff depending on the company’s stock performance. Employees see the pay bumps as a direct response to a recent uptick in recruiting from startups. Still, the bonuses are a fraction of what OpenAI and others are offering. In some cases, those companies are paying individual Apple engineers roughly $1 million in stock annually to jump ship. OpenAI’s hardware division is run in part by Apple veteran Tang Tan. He used to oversee the iPhone product design team that’s receiving the bonuses. Tan’s group at OpenAI has hired several dozen Apple engineers, and not just ones who worked on the iPhone. The startup has lured employees who helped develop the iPad, Apple Watch and Vision Pro. ‎ MacDailyNews Take: Back in late 2021/early 2022, Apple paid key engineers multiple rounds of six-figure bonuses to stem defections to rivals. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Apple awards rare $200K–$400K bonuses to iPhone designers to stem exodus to OpenAI appeared first on MacDailyNews. Invite your friends and earn rewards If you enjoy MacDailyNews, share it with your friends and earn rewards when they subscribe. Invite Friends   Like Comment Restack   © 2026 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

Britain said it has issued a £390,000 ($516,000) penalty to Ireland-based Apple Distribution International Limited, a subsidiary of Apple Inc., for breaching its Russia sanctions.

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	Forwarded this email? Subscribe here for more UK fines Apple subsidiary $516,000 over Russia sanctions breach MacDailyNews Mar 30   READ IN APP   Britain said it has issued a £390,000 ($516,000) penalty to Ireland-based Apple Distribution International Limited, a subsidiary of Apple Inc., for breaching its Russia sanctions. A government notice issued on Monday stated that ADI had made funds available to a designated person without a license in relation to two payments in 2022. Reuters: ‎ Apple said ​it followed the laws in ​countries where the company operates, and takes ‌sanctions ⁠compliance “extremely seriously.” “After identifying two payments to a developer that days earlier had become affiliated with a ​sanctioned entity, ​we promptly ⁠and proactively reported our finding to the UK ​government,” it said in a ​statement. “We ⁠are constantly working to enhance our already robust compliance protocols, which ⁠are ​consistent with industry ​standards.” ‎ MacDailyNews Take: Somehow, someway, Apple will find a way to scrape up $516K. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post UK fines Apple subsidiary $516,000 over Russia sanctions breach appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2026 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe

Apple is preparing what may be the most significant redesign in iPhone history: its first true form-factor change with a foldable design.

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	Forwarded this email? Subscribe here for more Foldable iPhone will be the most significant overhaul in the iPhone’s history MacDailyNews Mar 30   READ IN APP   3D render claiming to depict Apple’s first foldable iPhone (image: Jon Prosser) Apple is preparing what may be the most significant redesign in iPhone history: its first true form-factor change with a foldable design. While previous landmark models like the iPhone 4, iPhone 6, and iPhone X brought major updates, this upcoming device represents an entirely new approach — even if it draws inspiration from foldables that other manufacturers have offered for years. Bloomberg News‘ Mark Gurman writes that he’s excited to see how Apple’s take on the format will enhance video watching, productivity, gaming, and potentially even serve as an iPad replacement for many users. 3D render claiming to depict Apple’s first foldable iPhone (image: Jon Prosser) Mark Gurman for Bloomberg News: ‎ This is going to be the most significant overhaul in the iPhone’s history and the first actual form-factor change. The iPhone 4, iPhone 6 and iPhone X were clearly a big deal, but this is a whole new design… I first started using a Samsung foldable device nearly seven years ago and remain a fan of the concept. The video watching experience trumps anything you can get a non-foldable phone, and the manageable size when it’s closed up in your pocket is nice as well. I am looking forward to it for watching video, getting work done and gaming on the go. I think it could even be an iPad replacement in many cases. ‎ MacDailyNews Note: If the oft-rumored timeline holds, the iPhone Fold could debut alongside or shortly after the iPhone 18 series in fall 2026, ushering in a new category for the iPhone lineup. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Foldable iPhone will be the most significant overhaul in the iPhone’s history appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2026 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe