Apple reported strong fiscal third-quarter earnings on Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis. iPhone sales increased nearly 50% on an annual basis. Despite the strong quarterly results, Apple shares fell after
KEY POINTS Amazon, Apple, Facebook and Google could be forced to overhaul their business practices under an expansive set of antitrust reforms introduced by a bipartisan group of House lawmakers on Friday. The package of five bills would make it
(CNN)Prosecutors in the Trump administration Justice Department subpoenaed Apple for data from the accounts of House Intelligence Committee Democrats — including Chairman Adam Schiff — along with their staff and family members as part of a leak investigation, an Intelligence Committee official
KEY POINTS Apple announced several new features for iMessage and FaceTime, including a way for you to co-watch streaming movies with a friend over your phone. The new features will launch this fall as part of Apple’s iOS 15 update
KEY POINTS The G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits. The reforms, if finalized, would affect the world’s largest companies with profit margins of at least 10%.
LONDON — The European Union needs to be more ambitious in its control of Big Tech and smaller acquisitions that often go under the radar, Germany, France and the Netherlands said on Wednesday. The 27-member bloc is currently discussing new
Apple CEO Tim Cook faced sharp questioning on Friday from Judge Yvonne Gonzalez Rogers about Apple’s App Store business model at the end of his testimony in the Epic Games v. Apple trial. The questioning gave a preview into Rogers’ thinking
San Francisco (CNN Business)Tim Cook has fielded questions from Congress about Apple’s market power. Now he’s about to be grilled on it for the first time in federal court. The iPhone maker’s chief executive is set to take the stand Friday morning
POINTS European regulators said Friday that “Apple has a monopoly” in the distribution of music streaming apps to owners of Apple devices. The EU’s executive arm opened an antitrust investigation into the App Store last year, after Spotify complained in
Apple has warned of potential product shortages later in the year. A computer-chip shortage has been accelerated primarily by pandemic-driven disruptions over the past year. Industries around the world are struggling to meet a surge in demand for products such