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...Apple has said that, from next month, it will disable access to the web apps in the EU....
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...Apple said it would appeal against the decision, signalling years of legal battles. Read more here....
...Apple’s ebitda margin last year was 34 per cent. Tesla’s was 9 per cent. So was GM’s. Cutting costs is also a priority for Apple as sales growth slows....
...“Following conversations with Epic, they have committed to follow the rules, including our DMA policies,” an Apple spokesperson said....
...This came after workers in Apple retail outlets accused the company of “intimidation tactics to deter organising”, claims denied by Apple....
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...Epic largely lost a high-profile legal case against Apple in the US....
...Apple has cancelled its efforts to build an electric car as it pivots to focus research funding on generative artificial intelligence, according to a person familiar with the matter....
...Apple can argue that its own music service does not dominate the market. The problem is that the EU fine does not mean the end of Apple’s regulatory battle....
...Apple has ground to make up. richard.waters@ft.com...
...The commission also said it had factored in the consideration that “Apple submitted incorrect information” during the process....
...Spotify and Epic Games, longtime Apple critics, have also argued Apple’s proposed moves amount to an act of bad faith....
...Apple chief executive Tim Cook credited iPhone sales, which rose 6 per cent to $69.7bn, and an “all-time revenue record in services”, with the number of active Apple devices surpassing 2.2bn....
...Apple shares ended the day up 0.8 per cent. Over the past 12 months they have risen almost 24 per cent....
...Apple has urged investors to reject the resolution....
...Some EU lawmakers also took issue with Apple’s move....
...It said on Tuesday that to mitigate such risks, developers offering apps from their own websites would still need to be authorised by Apple....
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