Apple Inc. (AAPL)
Apple Faces $1.8 Billion Lawsuit in U.K. Court Over App Store
Lawyers representing the class action said that Apple excluded potential rivals from competing for customers on devices running its iOS operating system by forcing developers to sell their apps exclusively through its own App Store and charging commissions of 30% for purchases.
Apple Urges Shareholders To Reject Anti-DEI Policy
Apple urged shareholders to vote against a proposal to abandon its diversity, equity and inclusion commitments, making the company one of few to take a public stance in favor of its diversity standards as a wave of anti-DEI sentiment has prompted companies to ditch these policies in recent months.
Apple's new fees for app developers under fresh EU scrutiny, Bloomberg reports
Apple's new fees for app developers have come under fresh scrutiny from the European Union's antitrust regulators on concerns it could inflate costs for software makers, Bloomberg news reported on Monday, citing people familiar with the matter.
Apple Fights Monopoly Charges in $1.8 Billion Antitrust Trial
Apple is in court in the U.K. this week defending itself against monopoly-related charges. As Bloomberg News reported Monday (Jan. 13), the potentially $1.8 billion class action suit before London's Competition Appeal Tribunal accuses the tech giant of holding millions of iPhone and iPad users “captive” and forcing them to pay excessively high App Store commissions.
META's Zuckerberg Take Bite Out of AAPL, NVDA Price Target Cut
Meta Platforms (META) CEO Mark Zuckerberg says Apple (AAPL) hasn't "invented anything great in a while" on the "Joe Rogan Experience." In other Big Tech headlines, HSBC cut its price target on Nvidia (NVDA) to $185 from $195.
Apple Stock Slips. Here's How Much iPhone Sales Dropped Last Year.
The company's smartphone sales fell in 2024 amid a muted response to its artificial-intelligence features, according to Counterpoint Research.
Apple iPhone Sales Fall 5% in Q4 as Global Market Share Slips
Apple's (AAPL) global smartphone market share slipped one percentage point to 18% last year as fourth-quarter iPhone sales dropped 5%, according to Counterpoint Research.
Apple fights $1.8 billion App Store lawsuit in first of UK class actions against tech giants
Apple has abused its dominant position by charging app developers an unfair 30% commission through its App Store, costing British consumers up to 1.5 billion pounds ($1.8 billion), a London tribunal heard on Monday.
iPhone's AI Limits in China Fuel 5% Sales Dip
Apple's iPhone sales reportedly dropped 5% late last year amid stronger competition from Chinese rivals. Much of this decline can be attributed to the lack of Apple's artificial intelligence (AI) features on phones sold in China, the company's biggest market beyond the U.S., Bloomberg News reported Monday (Jan. 13).
Apple to face court over claims it overcharged UK users on App Store
Class action alleges company is abusing its dominant position in the app market and 30% fee breaches laws
Billion-pound lawsuit against Apple over App Store opens in UK
Did US tech giant Apple abuse the dominant position of its app store in the UK? A trial opening Monday in which plaintiffs want more than one billion pounds is set to answer that question.
1 Unstoppable Stock That Could Join Nvidia, Apple, and Microsoft in the $3 Trillion Club in 2025
American stock exchanges are home to nine technology companies with valuations of $1 trillion or more, but only three have graduated into the $3 trillion club so far:
