Amazon (AMZN) is facing an antitrust lawsuit from the FTC that could have sweeping effects across the tech industry. Apple (APPL) is one of the tech giants that could be hit if the FTC wins its suit. D.A. Davidson Managing Director and Senior Research Analyst Tom Forte joins Yahoo Finance to break down what Apple and other tech companies could face after the trial. Forte explains concerns for Apple, noting it's "employing anticompetitive practices with its 30% fee it charges for app sellers on its platform," suggesting that the iPhone developer may be another target for an antitrust investigation. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...
Continue ReadingThe judge and government lawyers are defending themselves against criticism for letting tech executives testify behind closed doors...
Continue ReadingChina has published the country's first batch of 26 mobile app stores that have submitted business details to regulators, but Apple's app store is absent from the list. The Cyberspace Administration of China (CAC), the country's top internet regulator, published the list of properly registered "app distribution platforms" on its website on Wednesday. They include platforms run by tech giants Xiaomi, Samsung Electronics, Tencent Holdings, Baidu, Oppo, Vivo and Huawei Technologies. Apple, the four...
Continue ReadingVanguard Information Technology ETF experienced a significant decline from its peak in July, but inflation fears may be justified. Read why I rate VGT ETF a buy...
Continue ReadingChatGPT maker OpenAI is in advanced talks with former Apple designer Jony Ive and SoftBank's Masayoshi Son to build the "iPhone of artificial intelligence", fuelled by more than $1 billion in funding from the Japanese conglomerate, the Financial Times reported on Thursday...
Continue ReadingOpenAI is in advanced talks with former Apple designer Sir Jony Ive and SoftBank’s Masayoshi Son to launch a venture to build the “iPhone of artificial intelligence”, fuelled by more than $1bn in funding from the Japanese conglomerate. Sam Altman, OpenAI’s chief, has tapped Ive’s company LoveFrom, which the designer founded when he left Apple in 2019, to develop the ChatGPT creator’s first consumer device, according to three people familiar with the plan...
Continue ReadingApple's stock experienced a significant technical rejection. Click here to read more about the contributors to the lack of new buyers entering AAPL...
Continue ReadingWe haven't heard the last of Epic's crusade against Apple over the iPhone maker's App Store fees. Epic Games filed a cert petition with the Supreme Court on Wednesday, setting things in motion for the highest court in the land to reexamine if Apple's software business violates federal antitrust laws. We'll know in the coming months if the Supreme Court will select the case, which would reopen a protracted legal battle between the two companies that's wended its way through the courts for going o...
Continue ReadingThe new iPhone 15 Pro may be too hot for some to handle. Apple priciest new iPhones are heating up in some scenarios, reaching high temperatures that make them difficult to touch at certain times, according to reviews, tests by The Wall Street Journal and social-media posts from buyers in China, the U.S. and Canada. The high temperatures in Apple’s newest 15 Pro models—typically when charging and using intensive apps—are prompting concerns that the company might need to address overheating in software updates that could impact performance...
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