The European Union has confirmed it's looking into Apple's decision to close Epic Games' developer account -- citing three separate regulations which may apply. Yesterday the Fortnite maker revealed Apple had terminated the account, apparently reversing a decision to approve the developer account last month. Epic had planned to launch its own app store, the Epic Games Stores, on iOS in Europe, as well as relaunching Fortnight on Apple's platform. And it accused Apple of breaching the bloc's Digi...
Continue ReadingNvidia shares look poised to rise for a sixth consecutive day. The chip maker’s valuation is closing in on Apple’s...
Continue ReadingApple is opening small cracks in the iPhone's digital fortress as part of a regulatory clampdown in Europe that is striving to give consumers more choices — at the risk of creating new avenues for hackers to steal personal and financial information stored on the devices. The overhaul rolling out Thursday only in the European Union represents the biggest changes to the iPhone's App Store since Apple introduced the concept in 2008. Among other things, people in Europe can download iPhone apps from stores that aren't operated by Apple and are getting alternative ways to pay for in-app transactions...
Continue ReadingApple has been asked by the EU to explain why it prevented Fortnite video-game maker Epic Games from launching its own online marketplace on iPhones and iPads in Europe and whether this breaches EU technology rules, antitrust regulators said on Thursday. The iPhone maker on Wednesday terminated a new developer account created by Epic in Sweden in an attempt to put Fornite and other games back on iPhones in Europe by running its own game store on Apple's devices. Epic Games sought to take advantage of landmark EU rules known as the Digital Markets Act (DMA) which kick in on Thursday and require Apple to open up its closed eco-system to rivals...
Continue ReadingNew York Community Bancorp gets $1B investment. Tesla may lose more production out of Germany than anticipated. Fortnite maker Epic Games says Apple has banned its developer account...
Continue ReadingApple faces challenges in the market due to underperformance, competition, and regulatory pressures. See why I downgrade AAPL stock from buy to hold...
Continue ReadingUnder the new rules, the iPhone maker will open up parts of its lucrative app ecosystem, providing an opportunity for rivals like Google...
Continue ReadingThe Securities and Exchange Commission approved a long-awaited rule requiring US public companies to disclose climate risks as well as Scope 1 and 2 emissions...
Continue ReadingApple's iOS 17.4 update is primarily about adapting iOS to EU's Digital Market Act Regulation. But the company has also released a new API called FinanceKit that lets developers fetch transactions and balance information from Apple Card, Apple Cash and Savings with Apple. At launch, the company has partnered with YNAB, Monarch and Copilot. In a post on X, Copilot said that users would be able to track all Apple finance accounts in real time. Previously, Copilot users needed to upload documents t...
Continue Reading(Bloomberg) -- Apple Inc. has struggled in 2024, and the recent weakness has the stock looking like it is the most oversold in years, analysts said.Most Read from BloombergNikki Haley Ends 2024 Bid, Setting Up Trump-Biden RematchChemical Linked to Cancer Found in Acne Creams Including Proactiv, ClearasilEgypt’s Devaluation and Record Rate Hike Put IMF Deal in ReachOlivia Rodrigo Is Not Kid-Friendly? Don't Act Surprised.New York to Deploy National Guard to NYC Subways to Fight CrimeShares of the...
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