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Apple Warns Of 'Hundreds Of Millions To Billions' Dollar Losses Over Epic Games Ruling, Seeks Stay Amid App Store Shakeup
Thursday, May 8, 2025 - 3:34am | 637Apple Inc. (NASDAQ:AAPL) has expressed apprehension over the potential financial consequences of a contempt ruling in favor of Epic Games. The tech giant has warned that this ruling could lead to “substantial” financial losses. What Happened: Apple is concerned about the...
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Apple Executive 'Outright Lied,' Says Judge In Epic Case Fallout — Tim Cook 'Chose Poorly'
Thursday, May 1, 2025 - 3:27am | 770U.S. District Judge Yvonne Gonzalez Rogers found Apple Inc. (NASDAQ:AAPL) and one of its top executives in contempt of court, accusing them of deliberately evading a 2021 injunction meant to curb the tech giant's control over App Store payments. What Happened: Rogers said Apple’s vice...
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Apple Ordered To Ease App Store Rules In US — Epic Games CEO Tim Sweeney Proposes Peace Deal, Saying 'We'll Return Fortnite' And Drop All Litigation Only If...
Wednesday, April 30, 2025 - 9:34pm | 760Following a U.S. court ruling that found Apple Inc. (NASDAQ:AAPL) violated the spirit of an injunction against anti-steering practices, Epic Games, backed by Tencent Holdings (OTC:TCEHY), has offered to bring Fortnite back to the App Store if the tech giant fulfills this one condition. What...
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Apple Stock Is Sliding Wednesday: What's Driving The Action?
Wednesday, February 5, 2025 - 11:30am | 468Apple Inc (NASDAQ:AAPL) shares are trading lower Wednesday. New reports indicate Chinese antitrust officials are preparing a potential probe into Apple’s policies and App Store fees. What To Know: The State Administration for Market Regulation is looking into Apple’s App Store policies...
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Apple CFO Denies Claims Of 75% Profit Margins On App Store: 'I Wouldn't Say They're Accurate'
Thursday, January 16, 2025 - 11:32pm | 609On Thursday, Apple Inc. (NASDAQ:AAPL) CFO Kevan Parekh refuted claims that the tech giant enjoys a 75% profit margin on its App Store. What Happened: Parekh, who succeeded Luca Maestri as CFO, was the first high-ranking executive from a major tech company to testify in the U.K. class action...
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Apple, Google Directed To Remove TikTok From Respective App Stores By Jan 19: Here's What You Need To Know
Saturday, December 14, 2024 - 2:21am | 631U.S. lawmakers have issued a directive to Apple Inc. (NASDAQ:AAPL) and Alphabet Inc.’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google to prepare for the removal of ByteDance-owned TikTok from their app stores by Jan. 19. What Happened: This move follows a federal appeals court ruling that requires...
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Apple Ordered By EU To End Geo-Blocking On App Store, iTunes And Other Apps
Tuesday, November 12, 2024 - 8:27am | 504The European Union has directed Apple Inc. (NASDAQ:AAPL) to discontinue geo-blocking on its media services. What Happened: The European Commission has identified several geo-blocking practices on Apple’s platforms, including the App Store, Apple Arcade, Music, iTunes Store, Books, and...
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Kalshi And Polymarket Shoot To The Top Of Apple's App Store Rankings Amid Election Euphoria
Thursday, November 7, 2024 - 12:02am | 444On the day of the U.S. presidential election, prediction platforms Kalshi and Polymarket reached unprecedented rankings on Apple Inc.’s (NASDAQ:AAPL) App Store. What Happened: Kalshi, a federally-regulated betting platform, clinched the number one position in the free app and ‘Finance...
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Disney+ And Hulu Stream Away From Apple's 30% Toll Bridge: What It Means For The iPhone Maker?
Tuesday, October 22, 2024 - 2:07am | 806Walt Disney Co. (NYSE:DIS) has ceased allowing customers to subscribe to Hulu and Disney+ via Apple Inc.’s (NASDAQ:AAPL) App Store, thereby avoiding the iPhone maker’s in-app purchase fees. What Happened: The entertainment giant is no longer allowing new or returning subscribers to...
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Apple App Store Team Sees Major Shakeup As Business Head Matt Fischer Heads For The Exit
Wednesday, August 21, 2024 - 9:32pm | 629Apple Inc. (NASDAQ:AAPL) is set to bid farewell to its App Store head, Matt Fischer, who has been at the helm of the App Store business since 2010. What Happened: On Wednesday, in an email to his team, Fischer said, “After 21 years at Apple, I’ve made the decision to...
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Epic Games Mobile Store Goes Live In Europe, CEO Says Apple 'Had To Be Challenged'
Friday, August 16, 2024 - 2:32pm | 838Epic Games has officially introduced its mobile store, marking a significant development in the ongoing tension between the company and tech giants Apple Inc (NASDAQ:AAPL) and Alphabet Inc’s (NASDAQ:GOOGL) Google. This move follows four years of legal and corporate disputes, beginning when...
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Apple Blocks Emulator App For iPhones From App Store And Alternative Stores, Showing It Still Exerts Control Despite EU's Recent Efforts
Monday, June 10, 2024 - 9:05am | 717Apple Inc. (NASDAQ:AAPL) has rejected the submission of UTM, a generic PC system emulator, from the iOS App Store and third-party app stores, despite the European Union's recent efforts to loosen its control using the Digital Markets Act, or DMA. What Happened: The UTM app, an open-source PC...
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'Apple Shot Itself In The Foot:' Telegram Founder Says Cupertino iPhone Market Share In China Will 'Keep Shrinking'
Monday, April 22, 2024 - 8:08am | 686Apple Inc. (NASDAQ:AAPL) is facing a potential market share decline in China due to its strict App Store policies, according to Telegram Messenger founder Pavel Durov. What Happened: Durov criticized Apple’s “walled garden” approach, stating that it could lead to a further drop in...
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Apple Bows To China's Security Concerns: Pulls 2 Meta Products From App Store
Friday, April 19, 2024 - 2:03am | 692Apple Inc. (NASDAQ:AAPL) has taken down Meta Platforms’ (NASDAQ:META) applications, WhatsApp and Threads, from its China App Store, in response to a Chinese government order. What Happened: The Chinese government’s directive specifically targeted WhatsApp and Threads, without providing...
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Apple Greenlights Delta Emulator: Dive Into Retro Gaming On Your iPhone Today
Wednesday, April 17, 2024 - 3:06pm | 398The Delta emulator has made its debut on the Apple App Store, offering iPhone users a gateway to nostalgic gaming experiences. Developed by Riley Testut, this app brings console emulation to iPhones, spanning from classics like the original Nintendo Entertainment System to the beloved Nintendo 64...