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...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....
...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....
...from the 12 per cent of the preceding quarter, but not bad for a group of companies expected to register combined quarterly revenue of more than $400bn....
...The big-tech-and-falling-rates story gave way in recent months to the big-tech-and-AI narrative, and AI is an area where Apple is considered to lag Google and Microsoft....
...Its shares have fallen about 5 per cent this year at a time when most of its Big Tech rivals have reported double-digit percentage stock gains....
...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....
...“Chinese companies are not afraid to try something that hasn’t been done before . . . while [groups] like Apple are too big to make quick decisions,” said Tycho de Feijter, an expert in the Chinese car market...
...The US is suing Apple for allegedly using its power in the smartphone sector to quash competition from rivals and limit consumer choice, in the latest broadside against the dominant Big Tech companies from...
...Many shoppers have cut back over the past year on buying costly tech accessories....
...Tech groups....
...Apple may have halted its efforts to build an electric car but Chinese smartphone maker Xiaomi is accelerating....
...They ended up buying a thousand EVs. They hired Tom Brady as a pitchman, and they made a big bet on demand for electric vehicles, picking it up right away....
...Investors value the group at just under $50bn, or about one-fiftieth of Apple’s market capitalisation....
...The EU’s action will reignite the war between Brussels and Big Tech at a time when digital groups are being forced to show how they are complying with landmark new rules aimed at tackling the power of Silicon...
...Brussels is probing Apple’s move to kick Fortnite-maker Epic Games from its App Store, escalating a confrontation between the bloc’s regulators and the iPhone-maker as a landmark law targeting Big Tech takes...
...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....
...There is a belief that pensions offer a big pot of funds that can be redeployed into UK stocks or in pursuit of economic growth. Perhaps....
...Proponents of structural remedies argue that smaller divisions of larger big tech groups would be forced to compete on price and innovation, therefore benefiting consumers....
...All save Apple are facing big antitrust challenges from US authorities, and Apple could face its own as soon as March....
...Gary Swidler, president of Match Group, which owns Tinder, said the EU’s acceptance of Apple’s plan is “far from assured”....
...The iPhone maker has been more active than rival big tech companies in buying AI start-ups, acquiring 21 since the beginning of 2017, research from PitchBook shows....
...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....
...Like its Big Tech peers, the company has faced regulatory action in the past without upending the way it does business....
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