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...In recent months, the iPhone maker has steadily sought to increase production in Vietnam and India but has struggled to replicate the scale, speed and, in some cases, quality of its Chinese operations....
...The DMA allows the EU to fine companies up to 10 per cent of annual turnover, rising to 20 per cent in repeat cases....
...A trial is ongoing in a separate federal case over the Alphabet-owned company’s market power for internet search....
...than California’s, where Epic’s case was brought....
...The second argument is that the iPhone has private APIs, or programming “hooks”....
...“The [Kourosh] case is tiny compared with the huge corruption that lies behind the ban on the import of iPhones.”...
...The DoJ case takes aim elsewhere, of course. It points to the high price of smartphones, the grip Apple has over app distribution and lack of access it provides to the iPhone operating system....
...Mentioned in this podcast: US accuses Apple of building smartphone market monopoly in antitrust case How Hertz’s bets on Tesla and a Goldman veteran veered off course Social media site Reddit soars 48%...
...Epic largely lost a high-profile legal case against Apple in the US....
...The settlement still requires approval from the California federal judge overseeing the case....
...The US Ninth Circuit Court of Appeals in April affirmed a 2021 decision favouring the iPhone maker after Epic Games alleged Apple’s App Store was an illegal monopoly....
...The higher-tier models, which cost at least $999, are also the first iPhones to feature titanium cases instead of aluminium or steel....
...Apple will stop selling its smartwatches through the company’s own US stores before Christmas after losing a patent infringement case, dealing it a blow during the holiday sales season....
...Such vetoes are rare but President Barack Obama intervened in Apple’s favour in 2013 to allow iPhone imports to continue after the company lost an ITC case against Samsung....
...His central case is a 10 per cent hit to earnings per share — a lot, for a company that is not growing earnings particularly quickly any more....
...Buybacks aren’t part of the monopoly case....
...The window for him to bring a case is closing, however, as the US presidential election and a potential change in administration loom....
...It introduced “FineWoven”, a custom material for use in watch bands and iPhone cases, which it said came with a “significantly lower” carbon footprint. The event comes at a challenging time for Apple....
...Apple also said it was shifting 18 per cent of global iPhone production to India....
...“You’re going to see devices launch in early 2024 with a number of generative AI use cases,” he told the Financial Times in a recent interview....
...So be it, the Apple case judge ruled: its app store is very successful but “success is not illegal”. Google was less fortunate this week....
...In Apple’s case, that meant making a decision early on about whether to prioritise security and privacy on the iPhone, or allow greater openness to outside services....
...It is possible that, like a new iPhone, customers will hold off purchase plans until the new chip launches....
...In its case against Apple, Epic has experienced less success....
...The “rational” bull case argument for Tesla is primarily based on the expectation that it will see an iPhone style consolidation of the auto market outside of China, with Tesla’s lead in EVs enabling dramatic...
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