Screenshot: Is Uber nearing the end of the road? February 26, 2021 This week **Media Moment of the Week: Boris’ career coaching **Is Uber nearing the end of the road? **Apple’s merger madness Media Moment of the Week: Boris’ career coaching Social media is a fickle beast, but if there’s one sure-fire way to generate outrage it’s to insult journalists. That’s what Boris Johnson did this week, [...]
Brits could receive £480m payout in Qualcomm smartphone legal case February 25, 2021 Roughly 29m Brits could be entitled to a £480m payout if a landmark legal claim against US chipmaker Qualcomm is successful. Consumer group Which is suing Qualcomm over claims it breached UK competition law by taking advantage of its dominance in the patent-licensing and chipset market. The lawsuit alleges that this enabled the chipmaker to [...]
Apple acquisitions: Tech giant buys a company every three to four weeks February 24, 2021 As the giants of Silicon Valley jostle for pole position in the escalating technology arms race, mergers and acquisitions are often the name of the game. But the scale of Big Tech acquisitiveness has been laid bare after Apple boss Tim Cook revealed his company has snapped up roughly 100 companies over the last six [...]
Epic Games files EU competition complaint against Apple February 17, 2021 Fortnite maker Epic Games has filed an EU antitrust complaint against Apple, ratcheting up its battle with the tech giant over app store payments. The two companies have been locked in a dispute since August, when Epic launched its own in-app payment system in a bid to sidestep Apple’s 30 per cent commission on some [...]
EU watchdog wants Apple to pay €13bn in back taxes after all February 1, 2021 EU competition enforcers are filing to overturn a verdict which they claim was a legal mistake when it abandoned an order for Apple to pay €13bn (£11.46bn) in Irish back taxes. The decision forms part of the European Commission’s clampdown on ‘aggressive’ tax planning by multinationals. The Commission said in 2016 that two Irish tax [...]
Apple earns $100bn in single quarter January 27, 2021 Silicon valley giant Apple has earned more than $100bn in its first quarter of 2021, making it one of just a handful of firms to ever have done so. Apple’s revenue for the quarter ended December 26 rose 21 per cent to $111.44 billion. Earnings per share rose to $1.68 from $1.25. Analysts had expected [...]
Apple set to break $100bn quarterly sales record as tech boom continues January 27, 2021 Apple’s bullish run shows no signs of slowing down, with the tech giant expected to join an exclusive club of companies to have earned revenue of more than $100bn (£730m) in a single quarter. Analysts have predicted quarterly revenue of $102.6bn for the iPhone maker, which would mark year-on-year growth of 12 per cent — [...]
Before the Bell: Investors look to the Fed and zoom in on Apple and Facebook January 27, 2021 Markets in Europe look set to continue to be driven by the prospect of further restrictions being imposed by governments concerned about seeing further increases in coronavirus cases, from speculation about a third lockdown in France, which could come by the weekend, to the prospect of further restrictions here in the UK in the form [...]
Huawei set for year of transition amid ‘technological Cold War’ January 11, 2021 Huawei will likely transition towards software as a “technological Cold War” controls the hardware supply, shifting the company’s prospects for 2021, analysts have said. Harsh US sanctions on China have hit suppliers of chips, which are crucial to mobile phone production, and forced the tech giant to look to other avenues. Ben Wood, chief of [...]
EU joins UK in rolling out sweeping new fines for tech giants December 15, 2020 US tech giants could face fines of up to 10 per cent of their revenue under new draft EU rules set to be unveiled today. The regulations, the most serious attempt at reining it companies such as Amazon, Google, Facebook, and Apple yet made by the bloc, come amid intense worldwide scrutiny on the role [...]