Apple (AAPL 3.43%), the world's largest company, fell alongside most other stocks during this month's market downturn. It's around 23% off its all-time high, which is likely causing many investors to question whether now is a good time to buy the stock.
EU antitrust regulators fined Apple $570 million for preventing app makers from pointing users to cheaper options outside its App Store.
Apple and Meta have been fined millions of euros by the EU for breaking digital competition rules.
Apple received a 500 million euros ($571.3 million) penalty on Wednesday while Facebook-owner Meta was fined €200 million, both for breaches of the EU's Digital Markets Act.
Apple fined $571 million and Meta $228 million for breaching European Union antitrust rules
Apple Inc (NASDAQ:AAPL, ETR:APC) and Meta Platforms Inc (NASDAQ:META) have been fined €500 million and €200 million respectively for breaching the European Union's new digital market rules. The European Commission said Apple had breached its anti-steering obligation under the Digital Markets Act (DMA), and that Meta breached obligations under the act to give consumers the choice of a service that uses less of their personal data.
Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.
The move risks ratcheting up tensions with the Trump administration as EU officials pursue trade talks.
Billionaire Warren Buffett has invested through every sort of market cycle -- from the most flourishing to times of major losses. He's seen his portfolio rise and fall accordingly, but over the long term, Buffett always has come out on top.
Apple's work on Siri will reportedly be led by managers who developed Vision Pro. Vision Pro creator Mike Rockwell, who is the new Siri engineering chief, is bringing members of the Vision Pro management team to Siri, replacing or demoting previous managers of the voice assistant business, Bloomberg reported Tuesday (April 22), citing unnamed sources.
A judge will likely target Google's search deals with Apple to address its monopoly, experts said. Google and the DOJ are facing off in a court hearing to determine remedies to its search monopoly.
Berkshire Hathaway's huge cash pile has investors wondering what he'll buy and when.