Tag AAPL

NXP Semiconductors Chief Executive Officer Kurt Sievers said that China's slumping smartphone market remains far from a rebound but that one major non-Android customer's chip orders are still comparing well with historical trends. Netherlands-based NXP makes a near-field communications chip that goes into smartphones to help with mobile payments and other functions. Sievers did not discuss Apple Inc by name, but analysts believe the iPhone maker is a major customer...

France's antitrust watchdog on Tuesday said it had issued a statement of objection against Apple, citing concerns the U.S. technology company could have used "discriminatory and non-transparent conditions" for using user data for advertising purposes on iPhones. Four French online advertising industry groups filed an antitrust complaint in 2020 against Apple over changes the company made to privacy features when it started to ask iPhone owners whether they were ready to allow apps to gather data used to define and send targeted ads. The mechanism "gives users more control by requiring all apps to ask permission before tracking them," Apple said in an e-mailed statement, adding that it will "continue to engage constructively" with the French antitrust regulator...

Corning said it expects core sales of about $3.5 billion in the three months ending September, compared with analysts' estimates of $3.70 billion, according to data from Refinitiv. Shares of Corning, whose Gorilla glass for smartphones is used by companies such as Apple and Samsung Electronics, were down nearly 1.5% before the bell. The company has seen a drop in demand from its consumer electronics clients as smartphone makers try to clear a build-up of inventory caused by high inflation and rising interest rates...

Apple is being sued for nearly £800m by mobile app developers who claim the iPhone maker’s App Store is an unfair “monopoly”...