Apple will allow other app stores besides its own in the tech giant's iOS operating system in Brazil to settle a three-year case with the country's antitrust regulator CADE, both parties said on Tuesday.
Apple (AAPL) closed at $270.83 in the latest trading session, marking a -1.04% move from the prior day.
Italy's competition authority said Monday it had fined the US tech giant Apple 98 million euros ($115 million) for allegedly abusing its dominant position in the mobile app market.
Apple ( NASDAQ:AAPL ) trades at 36x earnings while delivering just 10% returns over the past year.
If any investor has stood the test of time, it is Warren Buffett, and with good reason.
Italy's competition authority said on Monday it had fined U.S tech giant Apple and two of its units 98.6 million euros ($115.53 million) over alleged abuse of dominant position for the distribution of mobile applications for iOS users.
Apple is a long-term buy, driven by the iPhone 17 supercycle, high-margin Services growth, and aggressive capital returns. AAPL's valuation premium is justified by a 171.42% ROE, robust balance sheet, and operational leverage, despite a TTM P/E of 36.44x. Key upside catalysts include a projected 25% China market share rebound, $100B annual buybacks, and Services margin expansion via AI and Private Cloud Compute.
Apple's artificial intelligence (AI) innovations have been lackluster, but its ecosystem is as powerful as ever. Amazon is driving tremendous growth in its AWS cloud division thanks to strong AI demand.
Recently, Zacks.com users have been paying close attention to Apple (AAPL). This makes it worthwhile to examine what the stock has in store.
Apple on Wednesday released an updated developer license agreement that gives the company permission to recoup unpaid funds, such as commissions or any other fees, by deducting them from in-app purchases it processes on developers' behalf, among other methods.
One of the most important stocks in the market, and still one of the most valuable companies in the world, Apple (NASDAQ:AAPL) is a company I'd argue investors can't ignore.
There could be difficulties on the horizon for Apple stock (NASDAQ:AAPL). Here's the reason.