The European Union has fined Apple €1.84 billion (just under $2BN) for breaching antitrust rules in the market for music streaming services on its mobile platform, iOS. The penalty is focused on Apple's application of anti-steering provisions, which put restrictions on music streaming apps' abilities to tell consumers about cheaper offers outside Apple's App Store. The iPhone maker has its own music streaming service, Apple Music, and rivals -- such as Spotify -- have argued the restrictions put...
Continue ReadingThe European Union's competition authority on Monday fined Apple nearly $2 billion for its restrictive App Store policies. Apple stock fell on the news...
Continue ReadingApple (AAPL) faces a massive $1.95 billion fine from European Union regulators. The EU claims Apple intentionally shut out music streaming competition, using its App Store to favor its own Apple Music service over rivals like Spotify (SPOT). Yahoo Finance Legal Reporter Alexis Keenan breaks down the details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith...
Continue ReadingThe new MacBook Air models come with 13-inch and 15-inch screen sizes and are up to 60% faster than the model with Apple's M1 processor, the company said on its website. Prices for the smaller model start at $1,099 in the United States, while the base version of the bigger MacBook Air costs $1,299. Both are available for order from Monday, with deliveries set to begin later this week, said Apple, which has since 2020 used its own chip after parting ways with Intel...
Continue ReadingAmazon has delivered nearly 4 times the stock growth of Apple over the last year...
Continue ReadingStock Market Today: The Dow Jones fell 150 points Monday, as Nvidia stock hit a record high. Super Micro soared on S&P 500 news...
Continue ReadingThe European Commission says the tech giant made it difficult for developers to inform users about alternative music subscription services...
Continue ReadingSmall caps are trading at or below historical averages, making them an opportunity for patient investors. Explore more details here...
Continue ReadingAn Evercore analyst isn’t sweating Apple’s downbeat March revenue outlook, while noting generative AI and the Vision Pro could be catalysts...
Continue ReadingThe tech giant was fined almost $2 billion by European Union regulators for setting what the bloc deems to be unfair rules for developers of music-streaming apps. “Apple’s conduct, which lasted for almost ten years, may have led many iOS users to pay significantly higher prices for music streaming subscriptions,” the commission said...
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