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.
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.
Over the past several days, however, videogame developers ranging from Epic Games, Microsoft and Facebook, have ensured that Apple doesn’t dodge scrutiny over its App Store practices and policies.
Apple on Thursday delivered blowout quarterly results, reporting revenue gains across every category and in every geography as consumers working and learning from home turned to its products and services.
Google and Facebook took particularly sharp jabs for alleged abuse of their market power from politicians on Wednesday in a much-anticipated hearing that put four of the US’s most prominent tech CEOs in the hot seat.
Google and Samsung Electronics are negotiating a major deal that would give Google products more prominence on the South Korean company’s smartphones.
Apple’s newest services have yet to generate meaningful revenue, making it harder for the largest technology company to expand beyond the iPhone and other hardware.
Chief executives from four of the biggest US technology companies will face a moment of reckoning on Wednesday in an extraordinary joint appearance before lawmakers.
Apple on Monday said it will switch to its own chips for its Mac computers, ending a nearly 15-year reliance on Intel to supply processors for its flagship laptops and desktop.