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 […]
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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 […]
The U.S. Copyright Office is intensifying its legal defense in improving digital devices by submitting its latest anti-circumvention exemptions to the Digital Millennium Copyright Act (DMCA) to forbid breaking software copyright protection. Section 1201 anti-circumvention exemptions are recommended by the Register of Copyrights every three years. A procedure that delivers legal protections distributed on various […]
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 […]
U.S. Big Tech legion seems to be torn between two economic powerhouses. In a battle for dominion between the East and the West, Big Tech companies are forfeiting from the Chinese market to prevent getting caught in the conflict, except for Apple, according to the BBC. Last week, Microsoft announced news of shutting down its professional […]
In its first significant action under a new director, the Consumer Financial Protection Bureau is ordering Apple, Amazon, PayPal and other tech giants to reveal how their proprietary payment networks function. Apple Pay, Google Pay and other payment systems created by big tech companies now dominate large portions of e-commerce and person-to-person payments. CFPB Director […]
Spotify’s rising success drives it to explore new horizons with generating ads on podcast for higher revenues, as Britain’s watchdogs direct their attention towards Europe’s streaming platforms, Reuters reports. “We are increasing our ads business marketing workforce by over 70 percent in Europe, Australia, and Canada … and that’s off a pretty sizable base,” Spotify’s head of […]
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 […]
Facebook announced Thursday deployment news of WhatsApp’s end-to-end encrypted chat backups for iOS and Android devices. For years, the social networking company provided end-to-end encryption to its messaging platforms. However, with its last encrypted edition, users can obtain a mirrored level of security coding with the devices’ backup. The recently added feature will be slowly […]