KEY POINTS
  • The next major update to the iPhone operating system, iOS 14.5, will be released "next week," Apple said on Tuesday.
  • IOS 14.5 has a lot of new features, but the one that's being most closely watched is called ATT, or App Tracking Transparency.
  • Advertisers have said that the privacy change will reduce the effectiveness and profitability of targeted ads and possibly roil the online advertising business.
Apple CEO Tim Cook delivers a keynote during the European Union's privacy conference at the EU Parliament in Brussels, Belgium October 24, 2018.

The next major update to the iPhone operating system, iOS 14.5, will be released "next week," Apple said Tuesday.

The detail was slipped into new product announcements Apple made Tuesday. IOS 14.5 has a lot of new features, but the one that's being most closely watched is called ATT, or App Tracking Transparency.