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
Read More »Facebook and Google stocks have diverged, and the reason is Apple
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
Read More »Bill targeting Apple and Google approved by U.S. Senate panel
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
Read More »S.Korea seeks improved compliance plans from Apple, Google on app store law
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
Read More »Stock futures rebound, Apple gains after record sales quarter
Stock futures opened higher Thursday evening as investors took in earnings results from some major tech companies at the end of another volatile week. Contracts on the S&P 500 gained. Dow futures also advanced, as component stock Apple (AAPL) jumped in late trading after the iPhone-maker reported record quarterly sales and better-than-expected profits despite supply chain challenges. Meanwhile, Robinhood (HOOD) shares sank after the trading platform missed on quarterly revenue, posted a… Source link
Read More »Thinking about trading options or stock in ServiceNow, Netflix, Yandex, Western Digital, or Apple?
NEW YORK, Jan. 27, 2022 /PRNewswire/ — InvestorsObserver issues critical PriceWatch Alerts for NOW, NFLX, YNDX, WDC, and AAPL. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different options trading strategies. The report shows all vital aspects of each option trade idea for each stock. Stock Report – Measures a stock’s suitability for investment with a proprietary scoring system… Source link
Read More »Apple stock has made a huge move higher — is it time to sell?
A top Wall Street analyst thinks Apple’s stock (AAPL) is at risk of an earnings day sell-off, which would ultimately be a buying opportunity. “Apple shares are up 19% since the October 4 low (vs. 5% for the S&P 500) suggesting December quarter upside is largely priced in,” warned Morgan Stanley tech analyst Katy Huberty in a new research note Thursday. Huberty expects Apple to report a better than expected quarter on Jan. 27, and guide to a relatively in line March quarter. If the stock… Source link
Read More »Why Apple is a $200 stock: Deutsche Bank
It’s time to load up on shares of Apple (AAPL) after the stock’s less than joyous start to 2022, argues Deutsche Bank. “Considering a healthy demand backdrop and Apple’s strong product portfolio across its product lines, we believe the Street estimate for CY22 revenue growth of only +5% (vs. Deutsche Bank estimate of +9%) is too low with the push-out of some revenue from calendar year 2021 already accounting for ~3 percentage points of growth, and we therefore believe there is an upward… Source link
Read More »PUBG’s developer is suing Apple, Google, and the developer of lucrative PUBG lookalike Free Fire
PUBG-maker Krafton filed a big lawsuit Monday: it’s suing the developer of two mobile games that it accuses of copying PUBG: Battlegrounds, the hit PC battle royale shooter, and it’s suing Apple and Google for distributing those games on their app stores. Krafton even accuses Google of hosting YouTube videos with gameplay of the two games in question, as well as “numerous posts containing a feature-length Chinese film that is nothing more than a blatantly infringing live-action… Source link
Read More »How to Listen to Apple Music on a Google Home Mini or Nest Audio Speaker
Today Marks 15 Years Since Steve Jobs Unveiled the Original iPhone Today is January 9, which means it’s been 15 years since Apple CEO Steve Jobs stood on stage at the Macworld Expo in San Francisco, California and gave the world its first look at the iPhone, a device that would go on to change everything. The original iPhone was a tiny little thing with a 3.5-inch LCD display, a plain old Home button, a thick chassis, huge bezels, a Samsung processor, and a … Source link
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