Which? files £3bn claim against Apple over competition breaches November 14, 2024 Consumer rights group Which? has hit Apple with a £3bn lawsuit for alleged breaches of UK competition law in relation to its Icloud services.
Nvidia dethrones Apple as world’s most valuable company November 6, 2024 Nvidia has toppled Apple as the world’s most valuable company after Apple signalled to investors that it may never match the profitability of its flagship iPhone in future products. Chip designer Nvidia hit a market capitalisation of $3.43t (£2.66t) at close yesterday after the stock rose nearly three per cent, nudging Apple’s $3.38t (£2.62t) into [...]
Apple Watch Ultra 2 is the brightest and best October 23, 2024 We write a lot about watches at City AM. Watches that have been up as far as the moon. Watches that have been down as low as the Mariana Trench. The versions of these trail-blazing timepieces that end up being sold to the likes of you and I enjoy a rather less salubrious fate, adorning [...]
iPhone 16 Pro review: Amazing camera keeps Apple on top October 17, 2024 The iPhone 16 Pro is not a reinvention of the wheel, rather a polishing of that wheel to an absurd degree, tweaking this, fiddling with that, and in doing so ensuring Apple’s flagship handset remains the phone to buy as we rattle towards the end of 2024. There are two items of headline news for [...]
Rabbit R1 founder defends ‘unfinished’ AI gadget October 2, 2024 When Jesse Lyu unveiled Rabbit’s flagship device, the R1, in January, the response was swift. The neon-orange, compact AI-powered gadget quickly gained attention for its playful design, selling over 100,000 units in just a few months – a feat that founder Lyu has hailed as “incredible for a first-gen product.” But many of those who [...]
Big Tech is muscling broadcasters out of live sports streaming October 2, 2024 Traditional broadcasters might be starting to sweat. Live sports streaming has always been a cash cow, but the game is changing, and there are new players on the field. For years, Sky and BT ruled the arena of sports media rights but, over the past decade, Big Tech has been muscling its way into the [...]
Airpods 4 review: ANC takes Apple’s buds to the next level October 1, 2024 Of all the iconic products Apple has launched – at least visually speaking – the first generation of white, wired earbuds must be up there. I can still picture that ad campaign with silhouetted figures dancing against splashes of colour; wearing a pair marked you out as an iPhone enjoyer at a time when Apple [...]
Microsoft: Tech giant announces mammoth buyback and hikes dividend September 17, 2024 Tech giant Microsoft has announced a new $60bn share buyback programme and hiked its quarterly dividend by 10 per cent. This new shareholder cash return replaces Microsoft’s previous $60bn programme, which was launched in 2021, and has no set expiration date. According to data from Birinyi Associates, the cash return is the third-largest repurchase scheme [...]
Ireland must recover £11bn in taxes from Apple, EU court rules September 10, 2024 Ireland is required to recover more than 13bn euros (£11bn) in back taxes from Apple, following a decision of Europe’s top court. The European Court of Justice (CJEU) decision restores a 2016 European Commission ruling that Ireland gave undue tax benefits to Apple, which would be illegal under EU state aid rules. Ireland and Apple, [...]
Shares in Apple supplier IQE plunge as guidance disappoints and debt pile grows September 10, 2024 Shares in semiconductor supplier IQE plummeted 14 per cent in early trading on Tuesday after it disappointed investors with weak guidance and as it racked up debt. The Cardiff-based manufacturer of compound wafers used to make semiconductors said its full-year guidance lies at the lower end of consensus forecasts of revenue between £130m and 154m. [...]