Technology companies led a rally on Wall Street that powered the S&P 500 to an all-time high and gave the index its best weekly gain since February. The S&P 500 rose 1%, enough to recoup its losses from a day earlier. The benchmark index closed higher four of the last five days, finishing 3.8% higher […]
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Italy’s antitrust watchdog has fined Apple and Amazon a total of more than 200 million euros ($225 million) for cooperating to restrict competition in the sale of Apple and Beats branded products in violation of European Union rules. An investigation found that provisions in a 2018 agreement between the U.S. tech giants limited access to […]
Google’s custodian company, Alphabet Inc., exceeded on Monday its previous cap by hitting a $2 trillion market value, closing the trading day at $2,987 per share., according to Nasdaq. The Big Tech conglomerate surpassed last year’s market valuation by doubling its $1 trillion since January 2020. Now, in its third quarter (Q3), the tech behemoth […]
Apple is planning to unleash its latest mixed reality headset to the public as early as 2022, according to Bloomberg. Bloomberg’s Power On Newsletter revealed that the tech giant’s AR/VR headset would be more lenient towards the pricy side, due to its higher-end characteristics and features, with an initial launch day in the upcoming year. Claims […]
Apple Inc. was toppled aside from its throne as the world’s most valuable public company by Big Tech fellow, Microsoft, after the iOS developer’s market share fell on Friday by almost 2 percent. The fluctuation arises from Apple’s financial report for the fiscal year 2021, revealing unusual results – despite failing to meet Wall Street’s earnings expectations […]
The rippling effect the global chip shortage inflicted on Big Tech firms manifested into Apple’s fourth quarter (Q4) revenues, reporting in a $6 billion loss that could potentially delay manufacturing plans, according to CEO Tim Cook. The Big Tech titan revealed Thursday its financial report for the fiscal year 2021, failing to accommodate Wall Street expectations, an outcome heavily attributed to […]
Australia’s parliamentary joint committee on corporations and financial services vocalized concerns around Apple’s business conduct in relation to prohibiting NFC chips incorporated into its device from being utilized for Apple Pay. Australian banks are required to deliver a monetary fee to the iOS developer to obtain access to its Apple Pay feature. In parallel, numerous […]
Following Facebook’s financial results released on Monday, the social networking giant is anticipating a damaging effect rising from Apple’s iPhone privacy alterations led by Snap Inc’s missed revenue targets. In April, the iOS developer incorporated additional privacy updates to prohibit advertisers from monitoring iPhone users without their permission. Apple’s move fueled fear in digital ad […]
Amazon’s audiobook service Audible and phone apps for reading the holy books of Islam and Christianity have disappeared from the Apple store in mainland China, the latest examples of the impact of the country’s tightened rules for internet firms. Audible said Friday that it removed its app from the Apple store in mainland China last […]
The Chinese tech crackdown to reign in the industry’s firms has reached a new frontier, U.S. Big Tech. As China ups its regulatory game on tech firms, American sweetheart, Apple, has always managed to avoid being caught in the crossfire by striving to preserve a sharp image with Chinese authorities. With President Xi Jinping launching […]