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...With a presence in 11 countries, Wellhub is a rare instance of a Latin American technology business accomplishing success outside of the region....
...The market’s strongest growth came from two Chinese manufacturers, in the latest indication of Apple’s struggles in the world’s largest smartphone market....
...The commission said it was investigating under the Digital Markets Act, a new law aimed at curbing the power of the biggest online platforms....
...They further claimed that on the same call Cook overstated the success of new iPhone models, only to start cutting production days later....
...It would also set a dangerous precedent, empowering government to take a heavy hand in designing people’s technology.”...
...A loss would set a “dangerous precedent” by allowing the government to influence how technology markets developed, it added....
...These include a “core technology fee” of 50 cents on every download or update of apps with more than 1mn downloads....
...“Contrary to Apple’s public representation, the removal of Home Screen Web Apps on iOS in the EU was neither required, nor justified, under the Digital Markets Act,” a commission spokesperson added....
...The strategist and professor Michael Mauboussin, of Morgan Stanley Investment Management, has a new paper tracing increasing returns to five separate causes: economies of scale; international trade; learning...
...In some regions, such as the UK, market share declined. Tesla remains the only new company to have broken through selling EVs, as dozens of well intended start-ups fall by the wayside....
...Asked by an analyst whether the company plans to build its offerings in a similar way to Amazon —which started in online retail and moved into a number of other markets including logistics and cloud computing...
...New EU legislation is also forcing the company to allow “sideloading”, which will enable iPhone users to bypass its store and download apps from elsewhere....
...In the first two months of the year, Tesla’s market share of China’s new energy vehicle sales, which include EVs and hybrid plug-ins, slipped to 6.6 per cent, from 7.9 per cent in the same period a year...
...One analyst asked how Apple was preparing to roll out expensive new AI technology even as capital expenditures were lower. Apple, Maestri responded, would “never underinvest in the business”....
...“The question is really: ‘what are the apps that are going to completely change consumer behaviour and create new markets?’”...
...Apple, however, acknowledged recently in a filing to the Securities and Exchange Commission that it would have to make changes to its App Store in the EU, due to the bloc’s new Digital Markets Act, which...
...However, the company has introduced some new charges, including a “core technology fee” of 50 cents on developers with apps that have more than 1mn users for every first instalment by a user....
...Apple first introduced the technology in 2020, in an effort to draw in more consumers and give them the incentive to upgrade with new features on the device....
...“You are going to see more differentiation between the megacaps and arguably we already are,” said Michael Grant, head of long/short strategies at Calamos Investments....
...In a letter to Gallagher and Krishnamoorthi on Monday, TikTok’s top lobbyist Michael Beckerman said the bill was being rushed through Congress at “unprecedented speed” and posed “serious constitutional concerns...
...One group planning to use AMD’s chips is OpenAI — the generative AI start-up whose ChatGPT product sparked a massive interest in the technology — which will incorporate AMD’s new chips in the latest version...
...Apple and Goldman launched the credit card for US consumers in August 2019, promising a “new level of privacy and security” that would differentiate it from others on the market....
...The move comes as big tech companies are facing a March 2024 deadline to come into compliance with the European Commission’s new Digital Markets Act, which could require Apple to open iMessage up to rivals...
...A federal jury on Monday found against Google in a lawsuit brought by Epic, the company behind popular video game Fortnite, which accused the search giant of suppressing competition in the Android app market...
...Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer....
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