EU Designates Apple's IPadOS As Gatekeeper

RTTNews | hace 545
EU Designates Apple's IPadOS As Gatekeeper

(RTTNews) - The European Commission announced that it has designated Apple Inc.'s operating system for iPads, iPadOS, as a gatekeeper under the Digital Markets Act or DMA as it constitutes an important gateway for business users to reach end users. Apple now has six months to ensure that its iPadOS fully complies with EU's DMA obligations.

On the Nasdaq Stock Exchange, Apple shares were gaining around 3.8 percent to trade at $175.77.

The Commission's decision followed a market investigation launched in September last year to assess whether iPadOS, despite not meeting the quantitative thresholds laid down in the DMA, constitutes an important gateway for business users to reach end users and therefore should be designated as a gatekeeper.

As per the investigation, the Commission concluded that iPadOS constitutes an important gateway for business users to reach end users, and that Apple enjoys an entrenched and durable position with respect to iPadOS.

Thierry Breton, Commissioner for Internal Market, said, "Today we conclude the first market investigation for qualitative designation under the DMA finding that also iPadOS is an important gateway for businesses to reach consumers. Apple has now six months to comply with the DMA obligations. We continue monitoring market developments and will not hesitate to open new investigations should other services below the thresholds present characteristics to be considered important gateways for business users."

In September last year, the Commission had designated Apple as a gatekeeper for its operating system iOS, its browser Safari and its App Store

On the same day, Alphabet, Amazon, ByteDance, Meta and Microsoft were also designated by the Commission as gatekeepers. These tech majors had to fully comply with all DMA obligations by March 7, 2024.

On March 25, the Commission opened non-compliance investigations into Alphabet's rules on steering in Google Play and self-preferencing on Google Search, as well asApple's rules on steering in the App Store and the choice screen for Safari, and Meta's "pay or consent model".

The Commission announced additional investigatory steps to gather facts and information in relation to Amazon's self-preferencing and Apple's alternative app distribution and new business model.

Earlier, on March 1, the Commission received notifications from Booking, ByteDance and X about their services potentially meeting the DMA thresholds, which could mean they should be subject to the new EU rules on gatekeeper platforms.

The Commission said it will take a decision on these notifications within 45 working days, i.e., by May 13 at the latest.

read more
Apple To Expand Renewable Energy Projects Across Europe

Apple To Expand Renewable Energy Projects Across Europe

Tech major Apple Inc. has unveiled a significant expansion of its renewable energy projects across Europe to boost energy capacity to match the electricity customers use to power its products. The new solar and wind projects, all enabled by Apple, will add 650 megawatts or MW of renewable energy capacity in various European countries, including Greece, Italy, Latvia, Poland, and Romania.
RTTNews | hace 12
Apple Shares Down On $900 Mln Tariff Hit, Despite Strong Q2, Dividend Growth, $100 Bln Buyback

Apple Shares Down On $900 Mln Tariff Hit, Despite Strong Q2, Dividend Growth, $100 Bln Buyback

Shares of apple inc. were down around 4 percent in the after-hours trading on Thursday after the tech major said it sees $900 million hit from tariffs in the third quarter, as it shifts U.S. iPhone supply to India from China. This was despite reporting higher profit in its second quarter, above market estimates, with strong growth in revenues. The company also announced higher dividend...
RTTNews | hace 177
Apple, Google Restore TikTok To App Stores

Apple, Google Restore TikTok To App Stores

Apple's and Alphabet's Google have restored TikTok, the popular short video app, to their mobile app stores in the United States, after President Donald Trump delayed a ban on the Chinese app after his inauguration, and gave assurance to its tech partners of no fine or further consequences.
RTTNews | hace 254
Apple Stock Gains On Upbeat Q1, Positive Outlook, Despite Weak IPhone, China Sales

Apple Stock Gains On Upbeat Q1, Positive Outlook, Despite Weak IPhone, China Sales

Apple Inc.'s shares gained more than 3 percent in the after-hours trading on Thursday after the tech major reported higher profit in its first quarter, above market estimates, with strong growth in net sales. This was despite weakness in iPhone and Wearables sales, as well as in China. The company also declared a cash dividend. Further, in its first-quarter earnings call, Apple said it expects...
RTTNews | hace 268
Indian Regulator Denies Apple's Request To Pause Antitrust Report

Indian Regulator Denies Apple's Request To Pause Antitrust Report

Apple Inc.'s request to put on hold an investigation report that found the tech major breaching competition laws has been denied by the Indian antitrust regulator, Reuters reported citing an internal order. The Competition Commission of India or CCI has turned down the request, following which the case on Apple's app store practices on its iOS operating system will continue.
RTTNews | hace 335
Regulator CFPB To Consider Apple Pay, Other Digital Payment Apps As Banks

Regulator CFPB To Consider Apple Pay, Other Digital Payment Apps As Banks

The US Consumer Financial Protection Bureau or CFPB has finalized a rule to supervise Apple Inc. and other major technology firms that offer digital funds transfer and payment wallet apps, and treat them more like banks. In a statement, the US consumer watchdog said the rule on federal oversight of popular digital payment apps by the largest non-bank companies is aimed to protect personal data...
RTTNews | hace 338
Domino's, Pool Corp. Climb After Buffett's Berkshire Buys Stake

Domino's, Pool Corp. Climb After Buffett's Berkshire Buys Stake

Shares of Domino's Pizza Inc. and swimming pool supplier Pool Corp. gained significantly in the extended trading in New York on Thursday after billionaire investor Warren Buffett's Berkshire Hathaway Inc. took stake in them. In the pre-market activity, Domino's shares were moving up 8 percent and Pool shares were up 7 percent.
RTTNews | hace 345
Apple Reportedly Exits From OpenAI's $6.5 Bln Funding Round

Apple Reportedly Exits From OpenAI's $6.5 Bln Funding Round

Apple Inc. is no longer in talks to participate in an upcoming funding round for Chatbot ChatGPT maker OpenAI, which is expected to raise as much as $6.5 billion, The Wall Street Journal reported citing people familiar with the matter.
RTTNews | hace 391