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...With just 1.2bn people having an income above $12K a year, Apple is valued on an EV per pop of c$2,300, which requires c$800pp of annual spend, on the global equity strategy team’s calculations. 4....
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...The New Jersey federal judge presiding over the US Department of Justice’s antitrust lawsuit against Apple has recused himself from the case because of a potential conflict of interest....
...The DoJ case against Apple will turn on whether it can show the company has monopoly power in the smartphone market — and whether its evidence is similarly deemed strong enough to show that Apple deliberately...
...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...
...Apple, however, is so far missing out on much of that broader industry recovery....
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...Apple said it would appeal against the decision, signalling years of legal battles. Read more here....
...The move comes as Apple faces pressure from regulators, courts and rivals around the world over the way it runs the iPhone, putting its $85bn a year services revenue at risk....
...Jabil shares were the worst-performer in the S&P 500 Friday, down 16.5 per cent in afternoon trading and on course for their biggest drop since December 2013....
...“Following conversations with Epic, they have committed to follow the rules, including our DMA policies,” an Apple spokesperson said....
...Research, pointing to Apple’s decision to stop disclosing iPhone unit sales in 2018....
...Sonja Hutson How has Apple responded to the lawsuit? Stefania Palma So Apple is saying that the complaint is wrong, essentially both in terms of law and facts....
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...Apple has urged investors to reject the resolution....
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