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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....
...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...
...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....
...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....
...or indirectly financed” armed groups in the DRC or adjoining countries....
...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...
...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...
...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....
...Existing laws do not give regulators the tools they need to address all the novel competition issues thrown up by Big Tech....
...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....
...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...
...Core services inflation rose an annualised 6 per cent, and unlike in the past two reports, there were no big anomalies to blame....
...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....
...of a big correction”....
...most of his group’s value....
...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...
...He marvelled at the margins on his daughter’s newly acquired iPod but stopped short of buying shares in manufacturer Apple....
...Apple and Tesla cracked China, but now the two largest US consumer companies in the country are experiencing cracks in their own strategies as domestic rivals gain ground and patriotic buying often trumps...
...Like its Big Tech peers, the company has faced regulatory action in the past without upending the way it does business....
...Gary Swidler, president of Match Group, which owns Tinder, said the EU’s acceptance of Apple’s plan is “far from assured”....
...Last year’s strike against the big three unionised US automakers — the first such action ever — resulted in significant concessions on wages and benefits....
...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....
...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 restricts services in Iran, but tech-savvy users have found innovative ways to sidestep the restrictions, from using a foreign address to secure an Apple ID to buying gift cards to purchase apps and...
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