Tag Archives: Apple

AMSTERDAM, Feb 15 (Reuters) – Apple (AAPL.O) and Google face a potential class action lawsuit in the Netherlands over app store charges, after a foundation headed by Dutch entrepreneur Alexander Klöpping began gathering claimants. The action, which still faces legal hurdles before any court hearing, reflects growing criticism over how much the two firms charge developers for payments on their app stores, while the Netherlands has become increasingly popular as a jurisdiction to pursue… Source link

WASHINGTON, Feb 11 (Reuters) – The Justice Department wants to depose some of Apple’s (AAPL.O) top executives as it prepares for a trial to determine if Alphabet’s (GOOGL.O) Google broke antitrust law in how it runs its search business, a lawyer representing Apple said on Friday. In its complaint, the Justice Department accused Google of paying billions of dollars each year in exclusionary agreements with Apple, Samsung and others so that they will make Google’s search engine the default on… Source link

Try to find Apple (AAPL) CEO Tim Cook’s home on the street view modes of Google Maps or Apple Maps, and you’ll hit a pixelated brick wall. It’s no accident, either. Cook’s house went incognito after he won a restraining order against an alleged stalker in January. But Cook isn’t the only person who can make his home disappear from two of the most used mapping apps out there. Regular users can do the same thing, especially if you happen to find their street view features a bit too… Source link

Apple (APPL) shouldn’t let Peloton (PTON) end up in the hands of Nike or Amazon, contends Wedbush tech analyst Dan Ives. While Apple is known to be cautious on doing big deals (last one was $3 billion for headphone maker Beats in 2014), a bid for Peloton makes sense. “Acquiring Peloton would be a major strategic coup and catalyze the company’s aggressive health and fitness initiatives over the coming years. With ~2.8 million paid subscriptions today and a very strong/unique competitive moat,… Source link

With Apple setting the tone, the stock market rose until Wednesday, buoyed by a series of fairly upbeat earnings reports. They included: Exxon Mobil’s disclosure that, thanks to soaring oil and gas prices, it had earned the most profit in seven years. The declaration by Starbucks that it had raised prices and would keep doing so. “We have additional pricing actions planned through the balance of this year, which play an important role to mitigate cost pressures including inflation,”… Source link

Apple, Google in Congress’ crosshairs for app store practices | Fortune … Source link

Shares of Facebook parent Meta were hammered Thursday, falling 26% after the company revealed that privacy changes Apple made to its iOS platform last year have begun to sink their teeth into the social networking giant’s bottom line. During its Q4 earnings report released Wednesday, Meta CEO Mark Zuckerberg explained that Apple’s App Tracking Transparency feature, or ATT, will cut $10 billion out of Meta’s earnings in 2022. Apps like Snap and Pinterest, however, appear to be fairing better in… Source link

Facebook Chairman and CEO Mark Zuckerberg (L) and Google CEO, Sundar Pichai. REUTERS While Facebook is in the midst of its biggest stock drop ever and is trading at an 18-month low, Google remains near a record and has easily outperformed all of its Big Tech peers over the past year. The difference is Apple. Google and Facebook are the two dominant online ad companies in the U.S. and have been for years. While the companies do very different things and have faced their own unique issues, the… Source link

A 3D printed Google logo is placed on the Apple Macbook in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Feb 3 (Reuters) – The Senate Judiciary Committee on Thursday voted to approve a bill that would rein in app stores of companies they said exert too much market control, particularly Apple Inc (AAPL.O) and Alphabet Inc’s Google (GOOGL.O). The measure, sponsored by Democratic Senators… Source link

SEOUL, Feb 3 (Reuters) – South Korea’s telecommunications regulator wants better compliance plans from Apple Inc (AAPL.O) and Alphabet’s (GOOGL.O) Google before finalising rules for a law banning app store operators from forcing software developers to use their payments systems, officials said on Thursday. South Korea passed the law, an amendment to the Telecommunication Business Act, last year. The rules, due to be drawn up by March 15 and called the enforcement ordinance, will lay out what… Source link