A U.S. federal appeals court on Wednesday rejected claims by Apple customers that the iPhone maker gave them less iCloud data storage than they paid for when upgrading.
The United Kingdom's Competition and Markets Authority said “Apple and Google's mobile platforms hold an effective duopoly.” As such, the CMA is proposing new guidelines for how the two tech giants operate in the U.K., according to a Wednesday (July 23) press release.
The U.K.'s Competition and Markets Authority (CMA) announced on Wednesday a proposal that would give Apple and Google's mobile platforms “strategic market status” — a designation that allows the regulator to create rules that could change how their app stores operate and how their mobile software works.
The e-commerce giant is acquiring a start-up which makes a wearable bracelet.
Maybe it was when Ruoming Pang, the executive leading Apple Intelligence, jumped ship earlier this month to Meta's new Superintelligence Labs. Or when a leaked internal memo in March described Apple's AI efforts as “ugly and embarrassing.
Brian Mulberry, Zacks Investment Management Senior Client Portfolio Manager speaks with Market Domination Overtime Host Josh Lipton about why Nvidia is the top-ranked stock in the "Magnificent 7." He also breaks down why AI is a key factor in the ranking, saying it "will lead to the highest level of earnings growth and durability.
Apple notified more than a dozen Iranians in recent months that their iPhones had been targeted with government spyware, according to security researchers.
AAPL's Emmy-winning originals and blockbuster hits fuel record Apple TV+ growth and lift Services revenues.
The European Commission is reportedly likely to accept Apple's changes to its App Store rules and fees, eliminating the threat of daily fines from the antitrust regulator. The timing of an announcement of official approval of the changes is uncertain, but could come within weeks, Reuters reported Tuesday (July 22), citing unnamed sources.
We urge Apple (AAPL) investors, especially the bears, to switch their focus from hardware sales to subscription and service revenues. We expect these to continue roust growth in the incoming FQ3 earnings report and to further boost AAPL already-terrific margins for years to come. iPhone sales certainly face some headwinds and the current P/E valuation can feel off-putting.
I maintain my bearish stance on Apple, citing high valuation multiples, lagging AI innovation, and tariff-related uncertainties as key risks. Despite recent solid financials, Apple's growth remains low-single digit, which doesn't justify its premium valuation compared to faster-growing peers. Apple's capital expenditures are lagging major tech competitors, raising concerns about its ability to keep up in innovation and infrastructure.