Apple supply chain sinks into red on coronavirus fears February 18, 2020 Shares in Apple slipped more than two per cent in afternoon trading while its suppliers around the globe were dragged into the red after the tech giant warned the coronavirus outbreak would impact its quarterly targets. The iPhone maker last night told investors that it would not meet its revenue forecast of between $63bn (£48bn) [...]
Youtube TV withdraws from App Store in blow to Apple February 16, 2020 Youtube TV is set to become the latest subscription service to cut ties with Apple’s App Store amid complaints about the hefty fees charged by the tech giant. The TV streaming service last week told customers that from next month it will no longer accept payments through Apple in-app purchases. The iPhone maker takes a [...]
Apple fined for slowing down old iPhones February 8, 2020 Apple has been fined 25m euros (£21m) for deliberating slowing down its older iPhone models and not making customers aware. The fine, which was imposed by France’s competition and fraud watchdog DGCCRF, was for failing to make this clear to consumers. Apple admitted in 2017 that it slowed down some of its iPhones but only [...]
Apple investors hope streaming boom will boost first-quarter figures January 26, 2020 Apple shareholders will be hoping for a boost from the escalating streaming wars when the tech giant reports its first-quarter figures this week. The iPhone maker will issue its quarterly results on Tuesday — the first time since it launched Apple TV Plus in November. Apple posted a three per cent decline in net profit [...]
Apple boss Tim Cook calls for overhaul of corporate tax system January 20, 2020 Apple chief executive Tim Cook has acknowledged that the global corporate tax system needs to be overhauled, adding he was optimistic that upcoming reform would be fair. Tech giants such as Apple have come under increased scrutiny over their tax practices amid concerns they are dodging their liabilities by booking profit in low-tax countries. This [...]
EU could force Apple to ditch iPhone charger January 17, 2020 Apple could be forced to abandon the Lightning connector, as the European Parliament mulls the introduction of a common charger to fit all devices Members of the European Parliament (MEPs) will debate the issue on Monday, calling for a charger that will “fit all mobile phones, tablets, e-book readers and other portable devices”. According to [...]
Apple’s iPhone sales surging in China, government data shows January 9, 2020 Sales of Apple’s iPhone in China jumped over 18 per cent year-on-year in December, according to government data. China is gearing up for the Lunar New Year in late January – a major holiday for gift-giving in the country. Read more: Apple rekindles relationship with Imagination Technologies with new deal Apple shipped roughly 3.2 million [...]
Amazon, Apple and Google team up to break home tech barriers December 18, 2019 Amazon, Apple and Google are teaming up to develop a new standard for compatibility across smart home products and appliances, the companies said today. The standard could unify a home’s electrical ecosystem and break down barriers between platforms, enabling consumers to rely on multiple providers for a streamlined service. Read more: Smart homes could transform [...]
Apple accuses EU of misunderstanding its business in €13bn court case September 18, 2019 Apple has accused the European Commission of misunderstanding its business as the tech giant’s appeal against a €13bn tax order entered its second day. The Commission had accused Apple of having dodged taxes and received illegal state aid from Ireland, ordering the company to pay a €13bn Irish tax bill in 2016. Read more: Apple [...]
Apple tells EU court €13bn Irish tax bill ‘defies reality and common sense’ September 17, 2019 An order by the European Commission for Apple to pay a €13bn (£11.5bn) Irish tax bill “defies reality and common sense”, the tech giant said today as it launched a challenge against the ruling. Apple accused the Commission of using its powers to fight state aid to “retrofit changes to national law” at a hearing [...]