• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Current price of oil as of June 23, 2026

1

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup

2

Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock

3

Current price of oil as of June 23, 2026
TechApple

Apple Tackles California’s Housing Crisis Amid Apple TV Plus Questions

By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
November 9, 2019, 9:30 AM ET
Add Fortune on Google for similar content.

A week after Apple debuted its Apple TV Plus video-streaming service, there’s disagreement over how well it’s done.

One news report said that Apple executives are pleased with the number of people who have watched shows. But another report said interest on social media in its shows, including The Morning Show and See, is less than some competing series on Netflix and Hulu.

Apple’s week wasn’t entirely about Apple TV Plus, however. The company also announced a $2.5 billion initiative to tackle California’s housing crisis that could ultimately reap profits from the mortgage interest that buyers would pay. Democratic Presidential candidate Sen. Bernie Sanders pointed that out when criticizing Apple for investing its cash instead of simply donating all of it.

Read on for all of the big Apple headlines this week.

Is Apple TV Plus succeeding?

Apple is “thrilled” with Apple TV Plus’ early success, Hollywood Reporter and Variety reported this week, citing people who have knowledge of Apple’s thoughts on its streaming-video service. The sources said Apple TV Plus attracted millions of viewers in its first few days, but the company didn’t say how many people actually signed up for the service. Those reports followed a study from researcher Parrot Analytics, which analyzed social media buzz around a variety of streaming shows, that found interest in Apple’s original series, including The Morning Show, Dickinson, For All Mankind, and See, was far behind that of alternatives on other streaming services like Netflix and Hulu. Netflix’s The Dark Crystal: Age of Resistance was the most discussed streaming show of the past week, according to the report.

Apple’s plan for California’s housing crisis

Apple said this week that it’s committing $2.5 billion in funding to help reduce California’s housing crisis, which has left millions people without affordable housing. The lion’s share of that money—at least $2 billion—will be used to fund loans, with interest, to help people pay for more affordable housing. Apple said that all the capital it gets back, which should be more than the $2.5 billion, would be reinvested in the housing plan. Sen. Sanders quickly slammed Apple’s plan, accusing the company of “hypocrisy” and of “throwing pennies at a crisis [it] helped create.” Sanders called Apple a “tax evader” and said the company has “portrayed its entry into the housing business as an act of philanthropic altruism,” suggesting the company is doing it for profit.

Yet another Apple China problem

Regardless of whether Apple TV Plus is doing well, it’s unavailable in one of Apple’s most important markets: China. Apple TV Plus, along with Apple News Plus, iTunes Movies, and other Apple services, are banned in China because of that country’s censorship regulations, Bloomberg reported this week. Unless Apple censors its Apple TV Plus programming for China, it’s possible the company won’t be able to make its service available to the billion people across the country.

Apple skips congressional hearing

This week, Congress held a hearing about China and its relationship with the technology industry. Lawmakers invited representatives from both Apple and the popular, China-based video social network TikTok, to join, but both failed to show. Sen. Josh Hawley (R-MO) said Apple represents “the danger of American tech companies’ operations in China.” He went on to say in prepared remarks that he’s concerned that “Apple’s business model and business practices are increasingly entangled with China.” Apple did not say why it sent no representative to speak at the hearing.

A popular Apple Watch

Apple Watch is still the “clear industry leader” in smartwatches, research firm Strategy Analytics reported this week. Global Apple Watch shipments grew 51% year over year to 6.8 million in the third quarter. Samsung’s 1.9 million smartwatch shipments—up 73% year over year—were enough for second place.

iPhone 11 Pro’s camera is good, but not the best

Camera quality research firm DXOMark this week released its findings on the quality of the iPhone 11 Pro Max’s camera. It gave the camera a score of 117, or third place behind the duo of Huawei’s Mate 30 Pro and Xiaomi’s Mic CC9 Pro Premium that are tied for first place with 121. The iPhone’s camera earned high marks for detailed photos and fast autofocus, but it picked up less detail with still image flash and video recording. Still, it was an improvement over the iPhone XS Max, which scored106 in a DXOMark test last year.

One more thing…

Apple announced a new employee benefit this week that gives parents returning to the company after leave a four-week “grace period” during which they would earn full-time pay, but have the option to set their own hours or work part-time. Apple told Fast Company that the new policy applies to all new parents. The policy was announced alongside expanded mental wellness benefits, including access to more counseling and telemedicine options.

More must-read stories from Fortune:

—Uber Eats’ hungry new strategy: dominate or exit
—The mobile price wars are on. Here’s how much you can save
—What works and about Apple’s new Beats Solo Pro headphones
—Google and Mozilla fight with internet providers over new protocol
—New bank offers 3% interest rate for ‘good behavior’
Catch up with Data Sheet, Fortune’s daily digest on the business of tech.

About the Author
By Don Reisinger
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Tesla cofounder JB Straubel’s first pitch to Elon Musk failed. Then he turned his ‘hobby’ into a $1.3 trillion success
SuccessBrainstorm Tech
Tesla cofounder JB Straubel’s first pitch to Elon Musk failed. Then he turned his ‘hobby’ into a $1.3 trillion success
By Rachel VentrescaJune 24, 2026
10 minutes ago
Amazon Prime Day isn’t a midsummer shopping event anymore. Here’s what changed in 2026
RetailAmazon
Amazon Prime Day isn’t a midsummer shopping event anymore. Here’s what changed in 2026
By Vidhi Choudhary and Retail BrewJune 23, 2026
10 hours ago
The hidden cost of your AI rollout: burning out the high performers running it
Workplace Cultureburnout
The hidden cost of your AI rollout: burning out the high performers running it
By Mikaela Cohen and HR BrewJune 23, 2026
10 hours ago
Quantum computing stocks surge after Trump signed executive orders backing the sector
Investingquantum computing
Quantum computing stocks surge after Trump signed executive orders backing the sector
By Marco Quiroz-GutierrezJune 23, 2026
11 hours ago
Alan Greenspan testifying before the Senate Banking Committee.
BankingFederal Reserve
The man who invented the Fed’s magic trick just died. His successor is about to try it again
By Eva RoytburgJune 23, 2026
12 hours ago
Google DeepMind CEO Demis Hassabis (left) stands on a spiral staircase next to Google DeepMind researcher John Jumper.
NewslettersEye on AI
Defections from Google DeepMind prompt questions about Alphabet’s efforts to stay at the forefront of AI
By Jeremy KahnJune 23, 2026
12 hours ago

Most Popular

After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
19 hours ago
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
Banking
Markets tumble worldwide as Fed resets expectations: $400 billion wiped off SpaceX stock
By Jim EdwardsJune 23, 2026
21 hours ago
Current price of oil as of June 23, 2026
Personal Finance
Current price of oil as of June 23, 2026
By Joseph HostetlerJune 23, 2026
18 hours ago
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
Investing
Meet the 2 men putting New York's $300 billion pension fund in play for the first time in 20 years
By Nick LichtenbergJune 22, 2026
2 days ago
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
Success
Former U.S. Secret Service agent says bringing your authentic self to work stifles teamwork: 'You don’t get high performers, you get sloppiness'
By Sydney LakeJune 21, 2026
3 days ago
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
Real Estate
Texas and Charlotte used to build huge McMansions—now they're copying the California design tricks they once mocked
By Sydney LakeJune 22, 2026
2 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.