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Related Special Reports
...The EU’s move comes as it imposes new scrutiny on the iPhone maker, particularly over the company’s $85bn-a-year services business....
...It will ban Apple’s practice of blocking music services from letting users outside its App Store switch to cheaper alternatives....
...Apple declined to comment. Apple introduced spatial audio to its music streaming service in 2021, at no additional cost to subscribers. Amazon’s music service also offers spatial audio....
...Apple declined to comment but pointed to an earlier statement that said: “iMessage is a great service that Apple users love because it provides an easy way to communicate with friends and family while offering...
...Bishop said Apple was already enforcing the filing requirement for Chinese developer accounts, and was required to do so for international services....
...For a while, many pundits — including Unhedged — talked about Apple as a “defensive growth” stock, with high barriers to entry and a big services business to carry it through the economic cycle....
...This puts Apple’s services revenue, which accounts for about a third of operating profit, at risk....
...The commission said it was concerned that Apple and Alphabet had imposed “restrictions and limitations” that constrained developers’ ability to promote other services....
...One is that Apple blocks the distribution of some apps and services that might threaten its model....
...The profit margin of the service sector (which accounts for 20% of revenue) has, in the opinion of our analyst, peaked at 70% as Apple needs to find incremental services with large TAMs, with much of the...
...It seeks to prove lack of competition in markets in which Apple faces serious rivals and in which users are able to switch to different products and services....
...Apple can argue that its own music service does not dominate the market. The problem is that the EU fine does not mean the end of Apple’s regulatory battle....
...For Apple, there are clear warning signs. One is OpenAI’s plan for a “GPT store” — a place for developers to sell AI-powered services built on top of OpenAI’s models....
..., such as in-car systems and financial services....
...EU regulators found that Apple’s actions had resulted in users paying “significantly higher prices” for music streaming services....
...According to data from Deutsche Börse-owned Institutional Shareholder Services, it would mark Apple’s largest US securities fraud class action settlement....
...“If successful, it would hinder our ability to create the kind of technology people expect from Apple — where hardware, software and services intersect....
...of the company’s $85bn-a-year services business....
...’s $85bn-a-year global services business....
...’s services arm....
...Institutional Shareholder Services, the largest investor advisory firm, has also recommended Apple’s investors support the AI resolution....
...Apple’s services business, which includes the App Store, iCloud, Apple Pay and Apple TV, recorded $23.1bn in revenue for the quarter, up 11 per cent from $20.7bn the year before, continuing to increase its...
...Others agree the penalty against Apple is likely ineffective. Andy Yen, chief executive at email service Proton, said: “I don’t think a company like Apple cares [about the fine]....
...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...
...His successor Tim Cook has always faced questions about his own ability to find Apple’s “next big thing” — though his successful stewardship of the iPhone and expansion into the profitable services business...
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