SEC rejects Apple’s bid to block three activist shareholder proposals at next AGM December 22, 2021 The US financial watchdog has denied Apple its bid to block three activist shareholder proposals calling for the tech giant to explain allegations of forced labour in its supply chain, its use of non-disclosure agreements, and the deletion of some apps from the App Store in China. Now that the US Securities and Exchange Commission [...]
CMA finds Apple and Google have a ‘vice-like grip’ on phones December 14, 2021 The UK’s competition watchdog has warned Apple and Google have a “vice-like grip” on how consumers use mobile phones, stripping them from any meaningful choice and hampering competition in the sector. A preliminary investigation published by the Competition and Markets Authority (CMA) today concludes that the two tech giants have dominated the market and have [...]
Apple fails to enter the $3 trillion club as shares slide December 13, 2021 Apple has failed to reach the $3 trillion (£2.27 trillion) club this evening on Wall Street, after some analysts predicted that the tech company was on the verge of becoming the first publicly traded company to reach that figure.
Apple to become the world’s first $3tn company following reports of China secret deal December 7, 2021 Apple could become the world’s first company to reach $3tn, following reports of a $275bn deal struck with China. At today’s market opening, the company’s shares went up to $169.06, peaking at $171.05 – a 3.5 per cent increase compared with yesterday’s closing price of $165.29. Apple’s valuation consequently increased to $2.80tn, putting it in [...]
Apple sues cyber firm NSO for alleged surveillance of US users November 23, 2021 Apple has filed a lawsuit against Israeli spyware firm NSO Group and its parent company for alleged surveillance and targeting of US Apple users. In a lawsuit filed on Tuesday, Apple has accused cyber firm NSO and its owner OSY Technologies for spying on Americans with its Pegasus spyware. It is hoping to ban NSO [...]
Italy’s antitrust authority issues whopping €200m fine to Amazon and Apple November 23, 2021 Italy's antitrust authority has fined Amazon and Apple more than €200m (£168m) in the latest sign that the EU is cracking down on big tech.
Nintendo Switch is the UK’s most searched Black Friday deal November 22, 2021 The Nintendo Switch is the most anticipated tech for Black Friday in the UK, new research has revealed.
Apple to sell spare parts so iPhone users can complete repairs from home November 17, 2021 Apple has announced plans to sell iPhone parts to the general public so that they can carry out their own repairs from home. At first the scheme will be rolled out to US iPhone 12 and iPhone 13 holders with the company confirming it has plans to expand the scheme to some Mac products and [...]
S&P 500 and the Nasdaq set to fall after Apple and Amazon disappoint October 29, 2021 The S&P 500 and the Nasdaq indexes are expected to feel the repercussions of Apple and Amazon's supply chain woes.
Apple results: Shares dive after tech giant misses expectations October 28, 2021 Apple saw record revenues of $83.4bn (£60bn) in the three months to September but a failure to live up to analyst expectations saw the firm’s shares plummet five per cent almost immediately. Revenues, though up 29 per cent year on year, were around a billion-dollars shy of Wall Street’s consensus expectations of $85bn, with earnings-per-share [...]