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Related Special Reports
...The DMA allows the EU to fine companies up to 10 per cent of annual turnover, rising to 20 per cent in repeat cases....
...Apple last month told music companies that it would pay up to 10 per cent more in royalties for songs produced in spatial audio....
...Then Microsoft, in partnership with IBM and the PC clones that soon proliferated, unseated Apple from its perch and the company began to flounder, ultimately deciding to force out Steve Jobs....
...But the company was ultimately unable to get permission to operate locally....
...Not for nothing have Microsoft, Amazon, Meta, Apple and Alphabet — along with chip company Nvidia and electric-car maker Tesla — been dubbed the “Magnificent Seven” for their outsized contribution to stock...
...The commission began its investigation into Apple in 2019 after music streaming app Spotify launched a complaint accusing the company of anti-competitive behaviour....
...It is the first antitrust challenge against Apple under Biden’s administration, which is pursuing antitrust cases against some of the biggest Silicon Valley companies....
...Apple, on the other hand, was until recently the largest company by market cap (now it’s Microsoft), and it is still almost 6 per cent of the S&P 500....
...Where’s Apple’s ChatGPT? Where’s its . . . uh, Motorola StarTAC? Apple has no product in foldables (1% of market, used to be 20%), and there appears to be no obvious AI strategy. 7....
...of the company’s account....
...The Apple car joins Facebook’s phone, Microsoft’s fitness tracker and Amazon’s second headquarters as a dashed company dream that will not be missed....
...In the midst of its landmark lawsuit against Apple, the antitrust enforcer noted disapprovingly of the company’s $77bn buyback scheme in 2023: not because it was a lazy deployment of capital but as an indicator...
...The DoJ case against Apple will turn on whether it can show the company has monopoly power in the smartphone market — and whether its evidence is similarly deemed strong enough to show that Apple deliberately...
...The war on Apple is indeed multi-front. In Europe, the competition authorities have fined the company €1.8bn for suppressing competition from rival music streaming services on its platform....
...Thierry Breton, the EU’s commissioner for the internal market, said that despite the measures taken by the tech companies to adapt to the DMA, “we are not convinced that the solutions by Alphabet, Apple...
...“There is a shift in power among the top five companies, which will probably continue,” said Nabila Popal, research director at IDC....
...This came after workers in Apple retail outlets accused the company of “intimidation tactics to deter organising”, claims denied by Apple....
...“I should have done some work on Apple,” he lamented on CNBC’s Squawk Box last year....
...AXA Millésimes, the insurance company’s wine division, is far lower-key than Bernard Arnault’s vast LVMH empire, but has its own investment in Outpost on Howell Mountain, east of the valley....
...Companies that violate the new EU law face fines of 10 or 20 per cent of their global revenue. For Apple, that would be $77bn....
...“We’re not pouring billions of dollars into this stuff in order to save Apple money.”...
...Gene Munster at Deepwater Asset Management said he was surprised by Apple’s decision to settle the case, given companies commonly offer commentary on market trends....
...The sale, representing about 1.1 per cent of Berkshire’s holding in the technology company, was notable as Buffett had said as recently as 2021 that an earlier decision to cut its Apple stake was “probably...
...But a few more solid companies coming to market at reset prices may help destigmatise the long-held psychological opposition to down-round financing that has become baked into Silicon Valley’s culture....
...Academic papers are not a direct indicator of how Apple intends to add new features to its products but they offer a rare glimpse into its secretive research labs and the company’s latest technical breakthroughs...
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