Apple also allegedly blocked firms such as Spotify from informing customers that they can get the service cheaper if they subscribe directly via the website. Apple faces a €500m fine should the EU find it guilty of infringing competition laws. The Guardian reported that Apple finds these fees reasonable as it provides apps with a…
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Amazon’s Q4 revenue, which totalled $170bn, beat the expected $166.2bn by almost $4bn. Experts attributed the financial success of this company to the synergy between its diverse segments. The reported totals boosted investor confidence, and Amazon closed its Friday, 2 February 2024, trading up 7.87%. Apple followed suit with its Q1 earnings and defied analyst…
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Hosur, a city in Tamil Nadu, will be home to India’s second iPhone assembly plant after Tata completes construction. The first, Taiwan’s Foxconn Chennai plant, started the commercial production of the iPhone 15 in September 2023. According to Reuters, two sources close to the matter indicated that Tata and Pegatron are considering a joint venture…
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Without this feature, the models are due to go on sale on Thursday morning at 14:00 GMT. The technology giant announced on Wednesday after the US Court of Appeals for the Federal Circuit ruled in favour of medical technology company Masimo. According to a Reuters report, the US International Trade Commission (ITC) backed Masimo’s claim…
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The move adds to Apple’s challenges as it directly impacts its biggest non-U.S. market. The Chinese market makes up a sizeable chunk – about 19% – of Apple’s total revenue. Although drastic, it seems, according to an anonymous CNN source, that China has been implementing this policy non-officially since the Covid-19 pandemic and is now…
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Miners and technology stocks drew the shortest end of the stick, while utilities and healthcare subindexes regained some ground. Tech stocks did not escape the trend and took some amount of strain. Experts attributed this to China’s intention to broaden its ban on the use of iPhones, as government sectors and affiliates distance themselves from…
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What to watch Federal Reserve meeting: The Federal Open Market Committee, which sets the central bank’s interest rate policy, is in the middle of its final two-day meeting of the year. A press conference will be held today, where key points to watch will be the Fed’s stance on future asset purchasing programs, and a…
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What to watch Netflix: One of the success stories of the pandemic, Netflix’s share price has soared by 64% in 2020 as consumers stuck at home turned to streaming services. A challenge that is becoming more pressing as the Covid-19 pandemic has worn on is the company’s ability to create and serve up fresh content…
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British Airways parent leads FTSE 100 higher as travel stocks rebound slightly The FTSE 100 added 0.6% on Wednesday, with International Consolidated Airlines Group leading the way with a 7.6% gain, following a rough few days for UK travel names. The British Airways operator was flagged as a “compelling investment into the next cycle” by…
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Vaccine hopes hit big tech stocks that have benefited from lockdown economy All three major US stock indices fell on yesterday in a rocky trading session that saw stocks sold off sharply in the final few hours before the close. One factor that may have driven the sell-off is positive news on a Covid-19 vaccine,…
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