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...In response to questions from the Financial Times, the European Commission said: “We are indeed looking at the compliance packages of all gatekeepers, including Apple....
...You can email us at lifeandart@ft.com. We are grateful for reviews on Apple, Spotify, etc....
...The iPhone maker has increasingly put claims of environmental and social responsibility at the heart of its marketing campaigns....
...And at such a high share price, Apple’s dividend and its share buyback programme provide less punch....
...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....
...The two companies have been involved in lengthy legal battles since Epic sought to bypass Apple’s App Store payment methods in 2020 in protest at its 30 per cent fee on digital purchases....
...This puts Apple’s services revenue, which accounts for about a third of operating profit, at risk....
...The commission said it was looking at whether Apple was meeting its obligations to allow users “to easily uninstall any software applications” on its iOS operating systems and change default settings, browsers...
...: While Apple’s anti-competitive conduct arguably has benefited its shareholders to the tune of over $77 billion in stock buybacks in its 2023 fiscal year alone — it comes at a great cost to consumers....
...took decisions aimed at shutting out competitors....
...Apple removed Meta’s WhatsApp and Threads apps from its online store in China under direction from the country’s internet regulator which cited “national security concerns”....
...There’s always a twist at Luca — be it a slither of green olive in a rabbit tagliatelle, bright green peppercorns in his Aynhoe Park deer secondi or a burst of datterini tomato in an otherwise wintry squid...
...Alphabet’s programme, the second largest, was less than half that at $240bn. Alphabet’s buybacks were also not much larger than the size of its R&D spend over the period....
...With over $155bn in cash at the plan’s inception, Apple had the funds and reputation to pose a credible threat to the car industry. The company has ramped up research spend....
...I’ve come to eat lunch with Franco-Palestinian chef Fadi Kattan at his west London restaurant Akub. On the menu: a selection of dishes from his debut cookbook....
...At the same time, Apple is diversifying its manufacturing away from China. Tim Cook, Apple’s chief executive, is visiting Vietnam this week as the iPhone maker plans to increase its supply chain there....
...Cook talked up Apple’s growing investment in generative AI, and hinted at a major announcement in that area later this year....
...Then it’s a cold shower and a quick Guinness at The Wells Tavern before heading to Newington Green to meet friends for dinner at the wonderful Primeur, which is a bit of a second home and a special restaurant...
...Gene Munster at Deepwater Asset Management said he was surprised by Apple’s decision to settle the case, given companies commonly offer commentary on market trends....
...When Sebastian Faulks quit restaurant reviewing, he’s quoted as saying that restaurants were invariably “fine” but, “of course, I couldn’t actually write down what it had been like....
...“It has been an absolute labour for us to keep the ball anywhere near the green,” said Deane....
...Even after the share sales, Berkshire’s 5.9 per cent position in Apple was worth $174bn at year-end, according to a filing with the Securities and Exchange Commission on Wednesday....
...The “core” measure remained stuck at 2.8 per cent....
...The green investment backlash led by US Republicans has led to investment funds pulling more than $13bn from BlackRock, the world’s largest asset manager....
...Apple’s troubles were on full display at China’s annual Communist party bash in Beijing this month, where a dozen participants told the Financial Times they were using phones from Chinese brands....
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