Under pressure from European regulators, Apple has taken a step back in its feud with Epic Games.
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The Digital Markets Act, which has now come into force, is designed to rein in Big Tech. The consequences will be far-reaching.
Apple will face questions over accusations it barred Epic Games from opening its own app store for iPhone customers in Europe.
Apple has stopped Epic Games from opening its own app store for iPhone users in Europe, prompting an immediate backlash.
Traders are eyeing Apple after its stock slid below a critical psychological threshold on Tuesday.
Apple’s troubles in the EU are just beginning, even after it was hit with the third largest antitrust fine ever doled out by the bloc.
Apple’s iPhone sales in China fell 24% year on year in the first six weeks of 2024, while Huawei sales jumped 64%.
Nvidia has overtaken Saudi Aramco in market value, making it the world’s third-most valuable public company.
Apple has been hit with an EU antitrust fine of more than €1.8-billion, its first ever.
Samsung and Apple still dominate the very top end of the market, but Chinese brands are nipping at their heels.