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...“It’s going to benefit the biggest player, Universal, because they’re the ones with the resources to invest in that....
...“In that context, we’re in particular looking into the issue of progressive web apps, and can confirm sending the requests for information to Apple and to app developers, who can provide useful information...
...Apple responded by saying that “the changes we’re sharing for apps in the European Union give developers choice — with new options to distribute iOS apps and process payments”....
...He says the litigation is, on a risk scale of 1-10, an eight, whereas other tech litigation in recent decades was a two or three....
...of litigation....
...The years-long securities litigation, led by the UK’s Norfolk County Council, came after a rare and unexpected warning Apple issued on Chinese sales in January 2019....
...It has incredibly high barriers to entry in the form of once you’re in the Apple world, you never leave it. It is incredibly profitable. It generates loads of cash....
...California-based Masimo has also accused Apple of misappropriation of trade secrets, partly through hiring its employees, in separate litigation against the company....
...We’re willing to bet that once the case has been resolved, the industry will have changed enough that the points of dispute will be less relevant to Apple’s future....
...“I think we’re just at the beginning of a seismic shift in labour relations in this country,” Jonas Kron, chief advocacy officer at Trillium, told me. This is far from obvious....
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...Unhedged: Earlier you mentioned Annaly, a mortgage Reit that got murdered in the big rates move. From $38 in 2021, it’s now an $18 stock with a 13 per cent dividend yield. Why did it do so poorly?...
...The litigation “will cost millions”, he said, “but we’re not only committed to going all the way, we’re going all the way.”...
...Apple is similarly embroiled in litigation with medical wearables company AliveCor over the heart rate monitoring technology on its watches....
...Two-thirds of TPLF settlements for commercial litigation go to large rather than small companies, according to Swiss Re. But even funders working with big companies like to claim the moral high ground....
...While they may be outfitted in sumptuous costumes, they’re also cloaked in well-worn clichés — from the self-serving philanthropists, idle unfaithful wives and weapons-grade gossips of the Palm Royale to...
...Lilah is on Instagram @lilahrap and we’re on X @lifeandartpod. You can email us at lifeandart@ft.com. We are grateful for reviews, on Apple, Spotify, etc....
...You’re receiving the newsletter from me this week as Henry is away. Today, our tech expert explains why app developers think the EU’s first ever fine of Apple won’t be nearly enough....
...We’re also reading and listening to . . . Mexico: Companies controlled by Carlos Slim make up one-fifth of Mexico’s benchmark index....
...The iPhone 15 starts at Rbs95,990 ($1,071) from re:store, Apple’s former authorised reseller in Russia, as opposed to $799 in the US....
...That’s the kind of stock we’re betting can do well in the most uncertain year of 2024. More on Everest, and four more picks, next week....
...Today, Apple, Google and some of the UK’s biggest mobile phone operators are being held to account by individual citizens and SMEs who claim to have been ripped off in a variety of ways....
...Whereas a regulatory fine can prove cathartic for concerns around a company, Apple’s stock dropped this week following a €1.8bn fine from EU watchdogs related to stifling competition in music streaming....
...But the Biden administration has now confirmed it will offer Taiwan Semiconductor Manufacturing Co, the chip powerhouse making key AI chips and processors for Nvidia, Apple and AMD, some $6.6bn in grants...
...Claims have been filed against other large companies including Apple and Sony, although several have been subject to hold ups and disputes over process....
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