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...’s policy in recent days, according to people familiar with the conversations....
...The EU has taken the first steps towards a formal investigation into Apple, over a decision to cut off access to some applications that bypass its app store as Brussels steps up scrutiny over the iPhone-maker...
...As of Monday, the S&P 500 was 14 per cent above its 200-day average: This is high....
...That’s a sum Apple will fish out from the couch cushions, but is a taste of the fines and remedies that could come with the EU investigation of Apple’s and Google’s app stores under the Digital Markets Act...
...Tension has grown between Apple and Brussels in recent days. On Monday, the EU fined Apple €1.8bn for policies on its App Store which it said raised prices for consumers....
...Despite consumers increasingly opting for more expensive devices that they hope will last longer, Apple has experienced a slump in iPhone sales in China....
...Such lawsuits act as a further disincentive for companies like Apple to offer forward-looking guidance, he said: “I think at the end of the day it’s a win for a small number of investors and a loss for the...
...The more bearish $130-per-share valuation on Apple is a hypothetical exercise. Here’s how they got there: 1....
...Apple got lost in the wilderness for a decade, and almost went bankrupt — and brought back Jobs. A decade later, it introduced the iPhone....
...The EU has launched probes into Apple, Alphabet and Meta in the first use of a landmark new law designed to rein in Big Tech’s market power....
...Join top business people, experts and politicians at Climate Capital Live on 13-14 March in London or online, for two days of wide-ranging discussion on the push for serious climate action....
...Proving a pattern of such behaviour would enable the government to argue for a drastic remedy, perhaps forcing Apple to open up its tech ecosystem or even breaking it up....
...“They gave us a deadline with a month and day by which we would have to stop using iPhones.”...
...Amid rising geopolitical tensions, Cook has become a frequent visitor to China, a key market and huge manufacturing base for Apple products....
...Apple’s stock repurchases slowed last year, dipping with falling revenue. This matched a wider trend in which S&P 500 spending on buybacks fell 14 per cent on the previous year....
...Cutting costs is also a priority for Apple as sales growth slows. Still, putting a stop to the car may not result in a dramatic reduction in operating expenses....
...Apple shares ended the day up 0.8 per cent. Over the past 12 months they have risen almost 24 per cent....
...Apple co-founder Steve Jobs is said to have taken a strong personal interest in Siri, seeing it as the precursor to more powerful language assistants that might one day change the way people get things done...
...technical platform and business practices, sometimes within a matter of days....
...Apple has become a critical holding for Berkshire and now accounts for roughly a fifth of its market value....
...Apple had been expected to remove the functionality with an update to its operating system in the coming days....
...Large fines can sometimes have a bracing effect on share prices. Facebook shares jumped after a record-breaking $5bn fine from US regulators in 2019....
...And I keep thinking: why can’t Iranians simply make purchases at a local Apple store like the rest of the world?”...
...A famed Apple advertising campaign exhorted customers to “think different”....
...A 30-day free trial is available to everyone else. Just go to ft.com/unhedgedoffer. I’m Ethan Wu. Thanks for listening. [MUSIC PLAYING]...
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