Barring a precipitous drop in Apple’s share price, CEO TIm Cook will receive 560 000 shares on Monday, worth a combined $278.6-million, or R4.7-billion.
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Microsoft is backing Epic Games in its fight with Apple. The company has been upset with Apple’s rules preventing it from releasing a cloud-gaming service that works with iPads and iPhones.
Apple on Friday alleged that Epic Games’ chief executive had asked it for a “side letter” to create its own game store within the iPhone maker’s App Store.
Major news publishers are seeking more favourable terms from Apple on commissions the iPhone maker collects from them on payments made through its app store.
Apple became the first publicly listed US company with a $2-trillion stock market value on Wednesday, as Wall Street investors put aside challenges to its iPhone ecosystem.
China has denounced the US’s latest moves to curb Huawei’s access to commercially available chips, the latest blow in an increasingly tense relationship between the world’s two biggest economies.
Epic Games said on Monday it was seeking to block Apple’s removal of Fortnite from its app store and has asked a judge to prevent any retaliatory action against its other games in the store.
Apple has failed to adapt to the outsized role it plays in the smartphone market. A dispute with the makers of the popular Fortnite game app brings that failure into the spotlight.
Facebook said Apple declined its request to waive a 30% commission fee the iPhone maker charges apps listed on iOS devices, taking a shot at its fellow Big Tech peer as developers challenge the policy.
Fortnite creator Epic Games found support from its legions of gamers for suing Apple and Google after the tech giants dropped the popular videogame from their app stores for violating payment guidelines.