Fortune recently discussed the investor attraction to cult-like stocks whose customers are hopelessly devoted to these companies and their business models. This particular article discussed Costco (NASDAQ: COST ) and its cult-like relationship with its customers.
The European Commission, which acts as the EU antitrust enforcer, said Apple's offer would be valid for 10 years. More than 3,000 banks and issuers in Europe offer Apple Pay.
Changes will remain in force for a decade after regulators accused tech giant of abusing its dominant market position
Apple Inc (NASDAQ:AAPL, ETR:APC) will open up iPhones to any mobile wallets that owners want to use for contactless payments, as part of an agreement with European Union regulators. The US tech giant had previously refused to grant rivals access to standard near-field-communication technology for contactless payments on its devices.
A settlement between Apple and the EU could offer multiple benefits to the payments company, according to Mizuho Securities analysts.
Apple has made a series of commitments to open up its payments platform. It's the latest concession by a major technology company under scrutiny by antitrust regulators.
Apple's (AAPL) estimated strong Mac sales, AI push, growing Services business and strong liquidity position make the shares attractive for investors.
Stocks like NVIDIA Corporation, Amazon.com, Inc. (AMZN), Apple Inc. (AAPL) and Broadcom Inc. (AVGO) are likely to benefit from the S&P 500 rally.
The S&P 500 has continued to receive bullish forecasts from market analysts, including recent analyst upgrades. Some suggest the index could reach a target of 6,100 by the end of the year.
Apple (AAPL) has settled its "tap and go" payments probe with the European Commission (EC), the European Union (EU)'s enforcement arm, opening its mobile wallet to rivals for free in a bid to avoid antitrust fines.
Customers in Europe may see an influx of new apps and services for making tap-and-go purchases.
Apple has just launched a new marketing website, promoting the Apple Watch as a way for parents to stay in touch with their kids. The pitch is that a cellular-connected Apple Watch will give parents peace of mind when their kids are out and about.