EU set to fine Apple €500m over music streaming misconduct February 18, 2024 The European Commission is reportedly due to hit Apple with its first ever fine against the company following an antitrust investigation into its music streaming business.
Apple: China takes a bite out of numbers but tech giant beats consensus February 2, 2024 Apple missed sales estimates in China but held on to profits elsewhere, it told its investors on Wall Street last night
Apple hit with lawsuit over anti-competitive behaviour through Apple Pay July 19, 2022 Apple is being sued over its Apple Pay system and accused of anti-competitive behaviour by stifling competition from other payment apps. The class action complaint filed yesterday in a California court by payment card credit union Affinity Credit Union alleges that the iPhone maker used its market power to resist competition from other payment apps. [...]
Moving markets today: Fed holds, Tokyo stimulus, and all eyes on Apple November 2, 2023 What’s moving markets today? Wall Street closed higher on Wednesday, led by a 1.6% gain in Nasdaq. This followed the decision by the U.S. Federal Reserve to keep interest rates unchanged at 5.25%-5.50%. The Bank of England is also set to keep its interest rates on hold at a 15-year high of 5.25% on Thursday. [...]
Apple expands DIY repair service to UK December 6, 2022 Apple has expanded its iPhone self-repair service to the UK as Brits hoard their phones for longer than ever before. The tech giant said today that the Self Service Repair is now available in eight European countries, providing repair manuals and genuine Apple parts and tools. The service will apply to iPhone 12 and iPhone [...]
Sex (ism) and the City: can new regulations root out the bad apples? October 10, 2023 As the FCA and PRA prepare to crack down on improper conduct in ‘the City’, what would Carrie Bradshaw make of the regulators’ latest attempt to promote healthy culture, and root out the bad guys? Jennie Clarke asks
Apple fails to have £785m English class action thrown out of court April 12, 2024 Last July, there was a class action brought on behalf of UK app developers against Apple, alleging that the company’s App Store holds an unfair monopoly.
Are LVMH, Nestle, L’Oreal and Hermes Europe’s alternative to Microsoft, Apple, Nvidia and Tesla? April 9, 2024 Much has been made of the 'Magnificent Seven' tech stocks - Meta, Apple, Amazon. Alphabet, Microsoft, Nvidia and Tesla - which have dominated the US market amid a boom in demand for AI and, until recently, more optimism over potential interest rate cuts.
Investors to focus on AI and antitrust issues as Amazon, Apple and Meta line up to report January 29, 2024 Big tech companies Microsoft, Meta, Apple, Amazon and Google owner Alphabet are set to report quarterly earnings this week.
Apple set for a sales dip – but will that hurt its record-high share price? July 30, 2023 Analysts predict that Apple will report a dip in sales on Thursday, but are unsure if this will stop its record-breaking share price surge. It is anticipated the tech giant will report a two per cent year-on-year dip in sales down to $81.7bn (£63.5bn) this third quarter, as consumers cut back or hold of on [...]