Apple Inc. (AAPL)
Apple Faces €13B Tax Blow: Will AAPL Stock Struggles Drag Down the Nasdaq?
EU's €13B tax blow to Apple could shake global operations, but new products may offer a rebound. Can AAPL stock defy the odds?
Apple owes €13 billion in back taxes as long-running dispute ends
The European Court of Justice on Tuesday ruled that Apple owed €13 billion ($14.3 billion) in back taxes over what it said was illegal state aid from Ireland.
Apple just lost a decadelong EU tax case. Now it must pay $14 billion.
The EU's top court ruled Apple must pay over €13 billion in back taxes. The European Court of Justice's decision ends a decadelong legal battle with the tech giant.
D-Day for Apple, Google as EU court to rule on major cases
A top EU court will rule on Tuesday in a 13-billion-euro tax case involving Apple and Ireland, and could also deliver a victory for Brussels by upholding a multi-billion-euro fine against Google, in two eagerly awaited decisions.
Google and Apple Lose Appeals in Landmark E.U. Cases
The cases had established the European Union as the world's leading tech watchdog, but have since raised questions about its protracted appeals process.
Apple supplier Jabil reportedly investing $240m in India
Jabil Inc (NYSE:JBL), an American electronics manufacturer and supplier to Apple, is investing around $240 million to establish a new plant in Tamil Nadu, India, according to a report by the Reuters newswire. The facility, near Trichy, will create approximately 5,000 jobs, the article said citing Tamil Nadu's Industries Minister T R B Rajaa.
Nvidia Stock Investors Just Got a Grim Warning From Apple and Amazon
Nvidia graphics processing units (GPUs) are the industry standard in accelerating artificial intelligence applications. Apple used custom tensor processing units (not Nvidia GPUs) to train the large language models that power its artificial intelligence system.
Apple loses EU court battle over 13 billion euro tax bill in Ireland
The case stems back to 2016 when the European Commission ordered Ireland to recover up to 13 billion euros ($14.4 billion) in back taxes from Apple. The Commission said at the time Apple had received "illegal" tax benefits from Ireland over the course of two decades.
Apple loses fight against 13 billion euro eu tax order to Ireland
Europe's top court on Tuesday upheld a 2.42 billion euro EU antitrust fine imposed on Alphabet's Google seven years ago for using its own price comparison shopping service to gain an unfair advantage over smaller European rivals.
In Huawei's battle against Apple, chips are still a weakness, says analyst
Martin Yang, senior analyst of emerging technologies at Oppenheimer & Co. told CNBC that Huawei's chip remains two or three years behind the cutting edge. As it launches it's new phone, the company is likely to downplay its chip, instead focusing on the unique trifold features.
Apple supplier Jabil to set up South India plant with $238 mln investment
Electronic components maker Jabil will set up a manufacturing plant in India's southern state of Tamil Nadu with an investment of about 20 billion rupees ($238.2 million), the state's industries minister said on Tuesday.
Apple's AI gap in new iPhones disappoints China users as Huawei threat looms
Apple's new iPhone launch drew scorn on Tuesday for its lack of artificial intelligence features in China, a challenge for the U.S. giant as it battles growing competition from Huawei Technologies (HWT.UL) in the world's largest smartphone market.
