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...Brussels formally charged Apple in the anti-competitive probe in 2021....
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...But Apple has performed very badly (down 8 per cent to the market’s 11 per cent gain) and Tesla horrendously (down 30 per cent): Tesla’s performance may be worse, but it is not as worrying as Apple’s, from...
...Apple, however, is so far missing out on much of that broader industry recovery....
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...Some of those costs are immediate and obvious, and they directly affect Apple’s own customers: Apple inflates the price for buying and using iPhones while preventing the development of features like alternative...
...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....
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...Apple’s mammoth buyback programme could be one casualty. In the last fiscal year, Apple spent twice as much buying back its own shares as it did on R&D....
...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....
...This came after workers in Apple retail outlets accused the company of “intimidation tactics to deter organising”, claims denied by Apple....
...Research, pointing to Apple’s decision to stop disclosing iPhone unit sales in 2018....
...Apple has become a critical holding for Berkshire and now accounts for roughly a fifth of its market value....
...Cook and Apple have been keen to turn around the narrative....
...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....
...Facing a tougher market, Apple and its retailers have begun discounting....
...Apple said the US case “threatens who we are and the principles that set Apple products apart in fiercely competitive markets”....
...Apple has ground to make up. richard.waters@ft.com...
...Spotify and Epic Games, longtime Apple critics, have also argued Apple’s proposed moves amount to an act of bad faith....
...Apple shares ended the day up 0.8 per cent. Over the past 12 months they have risen almost 24 per cent....
...The commission also said it had factored in the consideration that “Apple submitted incorrect information” during the process....
...Apple shares were down 4 per cent....
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