News

Apple Just Announced Two New iPad Pro Devices

The Cupertino company has also updated the Apple TV and added new functionality to the Apple Pencil.

Published

2 years ago

October 19, 2022

Nour Nasir

Apple

In a surprise product announcement yesterday, Apple revealed two new iPad Pro models. The 12.9 and 11-inch tablets have been updated with the company’s latest M2 chip, with support for new Apple Pencil functionality, plus other minor updates.

The announcement was much more low-key than the highly publicized iPhone launches, with CEO Tim Cook teasing the new products before the official press release was made public. The launch’s subtlety likely reflects that these new products are more refreshes than radical redesigns.

M2 iPad Pro

m2 ipad pro

The two new iPad Pro models feature Apple’s M2 processors, which the company claims will make the tablets 15% faster overall, with a 35% improvement in graphics performance. Overall, the new iPad Pros have only minor updates over the older models, with USB-C ports replacing lightning connectivity and Wi-Fi 6E making an appearance.

One notable update comes in the form of updated Apple Pencil behavior. A new hover mode allows the stylus to be detected when it’s around a half inch (12mm) away from the screen. Hover mode is aimed at artists, as it allows the pencil to be used as a finely-tuned brush, with the iPad showing a dot where the tip will touch down, allowing artists to achieve new levels of precision.

Pricing & Availability

If you’re an owner of the outgoing iPad Pro, these updates probably aren’t going to be big enough to tempt you to upgrade. However, for anyone looking to pick up a new tablet, the 12.9 and 11-inch iPad Pros are available to preorder right now, with delivery and general release in stores happening on October 26th. Prices for the 11-inch model start at $799, with the bigger 12.9-inch device coming in at $1,099.

Apple TV

apple tv 2022

As for the new Apple TV, fans of the premium streaming device will be able to pick between two models on the November 4th release date: One with a Wi-Fi connection ($129) and another with Ethernet ($149). The Wi-Fi version comes with 64GB of storage, while the Ethernet model bumps this to 128GB. Both models offer 4K visuals and Dolby sound and use Apple’s A15 chip.

News

Mamo Completes $3.4M Funding Round To Enhance Fintech Services

The startup will use the influx of cash to expand into Saudi Arabia and across the wider GCC while improving its product offering.

Published

1 day ago

July 25, 2024

Nour Nasir

Mamo

UAE-based fintech Mamo has announced the completion of a $3.4 million funding round that will help the startup extend its market presence and improve its product offering. Investors included 4DX Ventures, the Dubai Future District Fund and Cyfr Capital.

Mamo’s platform offers “payment collection, corporate cards and expense management” to help small and medium-sized businesses consolidate and streamline their operations. With the latest influx of capital, Mamo will further develop its comprehensive suite of services and begin testing its product lines in Saudi Arabia, further extending its footprint across the GCC.

Imad Gharazeddine, co-founder and CEO of Mamo, stated: “We’ve been in the market for a while now and are incredibly proud of what our team has achieved. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. This additional funding will allow us to reach our medium-term goals even faster. The support from new and existing investors is a testament to our strong expertise and the ability to deliver on our customer promise”.

Daniel Marlo, General Partner of lead investor 4DX Ventures, added: “We have immense trust in Imad’s vision, leadership and Mamo’s innovative approach to provide a user-friendly and comprehensive financial solution for SMEs that makes financial management more accessible and efficient. We are proud to partner with them and support their mission”.

Also Read: A Guide To Digital Payment Methods In The Middle East

Amer Fatayer, Managing Director of Dubai Future District Fund’s investment team, also commented: “Mamo’s localized product lines serve as an infrastructure for SME payments and spend management in UAE, a segment that is underserved by the country’s current banking infrastructure. The team has taken a product-first approach to consolidating SMEs’ financial journeys and building a fintech solution deeply embedded in a business’s core operations”.

To date, Mamo has raised around $13 million in investment funding and now boasts a team of 30 people. The company’s intuitive financial services platform has allowed over 1,000 businesses to consolidate their financial operations and significantly reduce payment fees.