iphone
Apple reported better-than-expected earnings for the second quarter of the fiscal year 2024, which propelled its share price up by over 6% in extended trading hours to nearly $184. The iPhone maker has also announced the largest share buyback program of $110 billion, further fuelling the tech giant’s stock rally. Apple’s earnings top Wall Street’s expectationsApple reported a net income of $23.64 billion, which is down 2% from a year ago. Meantime, the earnings per share stood at $1.53 on net sales of $90.75 billion, surpassing the estimated $1.50 and $90.01 respectively. The fastest-growing s...
Euronews (English)
A promise made by tech giant Apple to open up its iPhone payments service - after a preliminary finding by the European Commission that its behaviour was restrictive - don’t go far enough, the European Central Bank has said, in remarks that represent an unusual foray into antitrust policy. In January, the tech giant proposed to let alternative providers access the near-field communication (NFC) chip that lets users buy goods with just a tap of their iPhone. But they exclude ecommerce, transactions among friends, and wearables like the Apple Watch, said the ECB – which is currently developing i...
Euronews (English)
The US government sued Apple on Thursday, alleging the company illegally monopolised the smartphone market. "Apple has maintained monopoly power in the smartphone market, not simply by staying ahead of the competition on the merits, but by violating federal antitrust law," US Attorney General Merrick Garland said at a press conference. "Consumers should not have to pay higher prices because companies break the law,” he added. The US Justice Department was joined in the complaint by 16 other US state and district attorneys general. New Jersey's attorney general Matt Platkin said at a press conf...
Euronews (English)
Apple is opening small cracks in the iPhone's digital fortress as part of a regulatory clampdown in Europe that is striving to give consumers more choices - at the risk of creating new avenues for hackers to steal personal and financial information stored on the devices. The overhaul that rolled out on Thursday last week in the European Union represents the biggest changes to the iPhone's App Store since Apple introduced the concept in 2008. Among other things, people in Europe can download iPhone apps from stores not operated by Apple and are getting alternative ways to pay for in-app transac...
Euronews (English)
Apple has officially warned users not to put their iPhones in rice if they receive a “liquid detected” alert. The support note was published last month and first highlighted yesterday by a report from Macworld, which provides news on Apple’s products. Putting a soaked phone in uncooked rice has been a popular Internet myth for how to save it if accidentally dropped into water, but it’s one that had previously been called into question. One 2014 study from an electronic device rescue service found that rice was not an effective way of drying a cell phone and that it was less effective than leav...
Euronews (English)
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