An Australian court has found Apple and Google misused their market power in a dispute with the maker of wildly popular video game Fortnite.
The 2025 Q2 earnings cycle continues to wind down, with the vast majority of S&P 500 companies already delivering results. The period has been one of resilience, with overall growth remaining strong alongside positive revisions for the upcoming Q3 cycle.
The billionaire said in posts on X that the consumer tech giant was violating antitrust laws by giving preferential treatment to OpenAI on the App Store.
He added that X and his Grok AI chatbot are excluded from the App Store's “Must Have” list when the apps rank as #1 in news and #5 overall, respectively – asking if Apple is “playing politics.”
AAPL's fiscal Q3 surge, fueled by Apple Intelligence growth and a $600B U.S. investment plan, offsets tariff headwinds.
American technology stalwart Apple NASDAQ: AAPL just made headlines, with President Trump's influence and decision-making playing a key role in the stock's story. Below, we'll detail two key pieces of news and explain why they are leading Apple shares higher.
Elon Musk has accused Apple Inc (NASDAQ:AAPL, ETR:APC) of unfairly favoring OpenAI over AI competitors such as his startup xAI in its App Store, threatening to take legal action over what he alleges is an antitrust violation. In a series of posts on his social media platform X on Monday, Musk accused Apple of only allowing OpenAI's ChatGPT to rank first in mobile apps on its store.
Musk said Apple's App Store was suppressing his GrokAI chatbot while favoring ChatGPT.
Epic Games has just secured a win in its crusade against Apple and Google's app store policies: The Federal Court of Australia on Tuesday ruled that Apple and Google's engaged in anti-competitive conduct when it came to their respective app stores, ABC News reported.
CNBC's Steve Kovach reports on the latest news from Elon Musk and Apple.
Dan Ives, Wedbush global head of tech research, tells Worldwide Exchange Musk's potential Apple lawsuit could escalate fast, as App Store placement is critical for Grok and X adoption.
Elon Musk wrote on his X social media network late Monday that its parent company, xAI, "will take immediate legal action" against Apple (AAPL) for an alleged "antitrust violation" related to App Store rankings.