Apple Inc (NASDAQ:AAPL, ETR:APC) and Google parent Alphabet Inc (NASDAQ:GOOG) have been told by the European Union that they have both failed to operate with the bloc's Digital Markets Act. The pair are the first to be told by the EU's executive arm how they must comply with the new rules, which took effect last year.
The European Union has sent Apple preliminary instructions on how it expects the iPhone maker to comply with interoperability provisions in the bloc's Digital Markets Act (DMA), its flagship market contestability reform.
While the market navigates a complex landscape of geopolitical uncertainty, tariffs, and interest rates, the confluence of robust market breadth signals, historically favorable seasonality, and deeply depressed bullish sentiment offers a compelling narrative for future gains.
Google, Apple hit with EU antitrust actions under cloud of Trump tariff threats
The European Union on Wednesday outlined the steps that Apple must take to open up its iPhone and iPad operating systems to work better with competing technologies.
Apple was ordered by EU antitrust regulators on Wednesday to open up its closed ecosystem to rivals, with the latter spelling out details on how to go about it in line with the bloc's landmark rules and where non-compliance could lead to an investigation and fines.
The sell-off in big tech stocks has deepened. The “Magnificent 7” stocks, which drove much of the US market rally over the past two years, are now dragging the major indices lower.
iPhone sales have flatlined for a decade, and Siri has sucked for about as long. And yet, Apple has added roughly trillions of dollars in market value during that time.
Amit Daryanani, Evercore ISI, joins 'Money Movers' to discuss why Apple is positioned to remain as a tech staple, what Apple Intelligence needs to do, and much more.
David Kostin, Goldman Sachs chief US equity strategist, says the group of Magnificent Seven stocks are now the Maleficent Seven and they've been a "real source of pain" in the market this year. Kostin lowered his 2025 year-end S&P 500 price target from 6,500 to 6,200.
Qualcomm's diversification into Automotive and IoT segments shows high growth potential, mitigating risks from potential revenue loss due to Apple's in-house modem development. Q1 2025 results show strong performance with 17.5% revenue growth and 15% EPS growth, beating expectations and outperforming the S&P 500. Despite potential revenue loss from Apple, Qualcomm's growth in Automotive, IoT, and PC markets, along with share buybacks, supports a positive long-term outlook.
Apple lost an appeal on Tuesday as Germany's top court sided with competition regulators, opening the door for the U.S. tech giant to face stricter controls in the country.