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.
Last week, Apple Inc. (NASDAQ: AAPL) shares had their worst week since 2022.
Qualcomm stock has remained resilient amid the recent selloff, and also outperformed Apple stock. QCOM trades at a discount to sector peers, helping to mitigate the recent volatility. Partnerships with China's smartphone OEMs are making gains as Apple finds the AI era tougher than it had planned for.
Apple is positioned to see ‘sustainable' revenue and free cash flow growth over the next few years.
Being a staggeringly successful big tech company does have some downsides: Apple has lost an appeal against a special abuse control regime that Germany's competition watchdog applied to it last year. The iPhone maker can expect to continue to face bespoke competition controls in a major European market, in addition to other similar laws (such as the EU's DMA).