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...The EU’s probe into web apps would come after the March 6 deadline for companies to comply with the terms of the DMA, landmark legislation designed to tackle the power of Big Tech groups....
...Some of the most influential independent record groups — Beggars Group, the company behind Vampire Weekend and Adele; Secretly, which houses acts including Phoebe Bridgers and Bon Iver; and Partisan Records...
...In a separate antitrust case, Brussels is consulting with Apple’s rivals over the tech giant’s concessions to appease worries that it is blocking financial groups from its Apple Pay mobile system....
...Unhedged spent a good chunk of last week trying to make sense of two newly listed companies: Reddit and Trump Media & Technology Group. On Monday, both sold off hard....
...Epic largely lost a high-profile legal case against Apple in the US....
...It also opened proceedings against Meta over whether the group’s new “pay or consent” subscription model complied with the DMA requirement for gatekeepers to obtain user agreement to “combine or cross-use...
...Meanwhile, the entity in question — Change Healthcare — is restoring its systems, after reportedly paying a $22mn ransom to the BlackCat hacker group. But investors should pay close attention....
...“I should have done some work on Apple,” he lamented on CNBC’s Squawk Box last year....
...Earnings forecast upgrades are meek, at least relative to its peer group. Among the Mag7, only Tesla (whose shares are down 20 per cent so far this year) has weaker EPS momentum than Apple: 3....
...Xiaomi sales surged 34 per cent to attain a 14 per cent market share, as the Beijing-based electronics group experienced a wave of publicity surrounding the debut of its electric car....
...most of his group’s value....
...Alibaba shares rose after Chinese regulators fined Ant Group. Penalties often end uncertainty about the outcome of investigations....
...Apple replied that it would appeal against the decision, signalling years of legal fights in EU courts. The group’s shares were down about 2.5 per cent in morning trading....
...Data from research group Counterpoint shows that in the first six weeks of this year, Apple smartphone sales fell 24 per cent from a year earlier. Huawei sales, by contrast, were up 64 per cent....
...The figure represented a 13 per cent year-on-year decline, and research group Counterpoint said iPhone sales in the first six weeks of this year were also down 24 per cent from a year earlier....
...The landmark lawsuit filed on Thursday in federal court in New Jersey by the US Department of Justice, along with a bipartisan group of 16 state and district attorneys, accuses the group of imposing contractual...
...But the group is racing to make Gemini an all-purpose personal assistant, capable of responding to spoken commands to carry out complex tasks. Apple is hardly new to the smart assistants game....
...Apple’s changes come as big tech groups caught by the EU’s Digital Markets Act have been keen to show how they are complying with the rules....
...“We’re not pouring billions of dollars into this stuff in order to save Apple money.”...
...Gary Swidler, president of Match Group, which owns Tinder, said the EU’s acceptance of Apple’s plan is “far from assured”....
...Non-profit group Open Web Advocacy organised an open letter to Apple chief executive Tim Cook urging him to reverse course, which by Friday had gathered almost 5,000 signatures....
...The tech group’s existing guidelines “do not specifically identify the potential risks resulting from the use of AI” raised in the shareholder proposal, ISS said....
...Apple declined to comment....
...Other western tech groups, including Google, have paid fines following action by FAS in recent years....
...Microsoft recently overtook Apple as the world’s most valuable listed company, with investors excited by the software group’s moves in AI....
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