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☆ Apple can't tell you iPhone sales are booming, so it's talking about 'services.' That's a problem.
▼ + stars: | 2024-05-02 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

It didn't boast about iPhone sales, which declined. AdvertisementApple had a great second quarter, Apple says: The company hit an "all-time revenue record in Services," the company reports. And if you head over to the company's financials, you can see why: iPhone sales dropped by 10% in the last three months. Prior to Thursday's earnings, analysts had fretted that Chinese iPhone sales were soft, but on Thursday afternoon, Cook told CNBC that iPhone sales in China were up. AdvertisementAnd, as we've been pointing out repeatedly, Apple's App Store rules are under increasing pressure from regulators around the world — and in the EU in particular.

Persons: —, Cook, I've, it's Organizations: Apple, Service, CNBC, Google, US Department Locations: China, EU

☆ Taylor Swift’s ‘Tortured Poets Department’ makes gigantic debut at No. 1 with her career-best first-week sales
▼ + stars: | 2024-04-28 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —Taylor Swift’s latest album “The Tortured Poets Department” is indeed the blockbuster that many expected it to become. I’m completely floored by the love you’ve shown this album,” Swift said in an Instagram post. 1 albums on the Billboard 200 albums chart among female recording artists. In 2015, Adele’s “25” sold a staggering 3.482 million album units. When the Billboard Hot 100 songs chart is released on Monday, Swift stands to break even more records.

Persons: CNN — Taylor, Department ”, ” Swift, ”, Jay, Swift, “, Adele’s, Drake Organizations: CNN, Department, Billboard, Beatles, Drake’s, Apple, Spotify, Amazon Music Locations: U.S

☆ I got my dream job at Apple on my fourth attempt. Here's why I left the 6-figure job after only 2 years.
▼ + stars: | 2024-04-25 | by ( Ella Hopkins | ) www.businessinsider.com time to read: +4 min

Corey Griffin landed a job as a software engineer at Apple after showcasing his side hustles. He worked for Apple Music but left to pursue his business this year. I applied for a job at Apple 4 timesI landed a job as a software engineer at Apple in August 2021. I left my Apple job after 2 yearsI worked on software for the Apple music team, including radio and podcasts. I left Apple in December 2023 to pursue my media business full-time, particularly the Speakflow product.

Persons: Corey Griffin, Griffin, —, Vox, I'd Organizations: Apple, Apple Music, Service, Los Angeles . Business, Big Tech, Stanford, Harvard, Rotten Locations: Los Angeles, Culver City , California

☆ Can markets make a comeback? That depends on tech earnings
▼ + stars: | 2024-04-23 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +7 min

The Nasdaq tumbled 2.1% on Friday as tech stocks plunged, marking its worst day since January 31. “US earnings updates this week will be key to see if they can keep topping expectations and buoying risk appetite in a higher-for-longer interest rate environment.”Tesla, Facebook-parent Meta, IBM, Microsoft and Alphabet all report first quarter earnings later this week. “Big Tech earnings may determine whether the stock market avoids its first four-week losing streak in two years,” wrote Chris Larkin, managing director of trading and investing at E*TRADE from Morgan Stanley on Monday. About 15% of S&P 500 companies have reported first quarter earnings, and nearly three-quarters of those companies have posted a positive earnings-per-share surprise. But investors are nervously waiting for the Magnificent Seven, those massive Tech stocks that carry an outsized portion of market weight, to report.

Persons: Monday’s, “, ”, They’re, Tesla, Chris Larkin, Morgan Stanley, aren’t, we’re, Dave Sekera, ” Taylor Swift’s, Apple Taylor Swift, Liam Reilly, Department ”, Post Malone, Laura He Organizations: CNN Business, Bell, New York CNN —, Nasdaq, BlackRock, Federal Reserve, Facebook, IBM, Microsoft, “ Big Tech, Tech, Companies, Nvidia, Apple, Big Tech, Bank of America, Morningstar, Department, Spotify, Poets Department, Amazon Music, Apple Music, EV, Tesla Locations: New York, Wells, China, Germany, United States, Tesla’s, Europe

☆ Taylor Swift’s ‘Tortured Poets Department’ poised to top her sales records next week
▼ + stars: | 2024-04-23 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +4 min

CNN —Taylor Swift is already breaking hearts and records since she released “The Tortured Poets Department,” but to what extent she’s done the latter will be known in more detail when full sales figures for the album are released next week. “The Tortured Poets Department” (“TTPD”) sold 1.5 million copies in the US in its first three days. The milestones for “Tortured Poets” may have only just begun:Billboard 200 albums chartAmong female recording artists, Swift has the most No. If “Tortured Poets” claims the top spot in its first week, it will be her 14th album to do so. With 31 “TTPD” songs at play, she could potentially overtake Drake’s top 20 record in the weeks to come.

Persons: CNN — Taylor Swift, ” won’t, we’ve, Taylor, ”, Swift, Jay, she’s, ” Keith Caulfield, Taylor Swift, Drake Organizations: CNN, Poets Department, Billboard, New York Times, Department, Beatles, Drake’s, Apple, Spotify, Amazon

☆ Taylor Swift's candid promo video for 'Fortnight' is filled with cute references to her relationship with Travis Kelce
▼ + stars: | 2024-04-22 | by ( Amanda Goh | ) www.businessinsider.com time to read: +6 min

Taylor Swift shared a promotional video for her single "Fortnight" and it's full of references to her beau. Swift's video has been viewed almost 40 million times since it was first uploaded. A peck on the cheekScreengrab from Taylor Swift's #ForAFortnightChallenge YouTube Shorts video. Making cinnamon rollsIn this screengrab from Taylor Swift's #ForAFortnightChallenge YouTube Shorts video, the singer can be seen making cinnamon rolls. A Kansas City Chiefs pickleball paddleIn this screengrab from Taylor Swift's #ForAFortnightChallenge YouTube Shorts video, she can be seen holding a Kansas City Chiefs paddleboard.

Persons: Taylor Swift, Travis Kelce, Swift, peck, —, she's, Kelce, Taylor, Kelce didn't, Bernie Kosar, Tobin, Leroy, Travis, Kosar, Swifties, Jason, Post Malone — Organizations: Poets Department, Spotify, Apple Music, Amazon Music, Service, YouTube, NFL, University of Kansas, KU, University of Cincinnati, Kansas City Chiefs, Chiefs, Target, Amazon Locations: The, Singapore

☆ Taylor Swift’s new album shatters Spotify and other streaming records
▼ + stars: | 2024-04-22 | by ( Liam Reilly | ) edition.cnn.com time to read: +1 min

Swift’s latest album, “The Tortured Poets Department,” which dropped on Friday, became the most-streamed album on its first day across Spotify, Amazon Music, and Apple Music. Amazon and Apple also said Swift’s album broke records across their respective streaming platforms. “The album broke the record for biggest pop album of all time by first-day streams,” Apple Music said. Amazon Music reported “The Tortured Poets Department” had in just three days become the music service’s most-streamed album worldwide in its first week. Swift’s fourth rerecorded album, “1989 (Taylor’s Version),” also broke Spotify’s most-streamed artist in a single day record in 2023.

Persons: CNN — Taylor Swift, Department ”, Post Malone, ”, Swift, “ Organizations: CNN, Poets Department, Amazon Music, Apple Music, Spotify, Apple, Department

☆ Taylor Swift, Tupac, and Snoop Dogg are now somehow part of the weekslong rap beef between Drake and Kendrick Lamar
▼ + stars: | 2024-04-21 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +4 min

Read previewIf you thought rap's latest all-out brawl couldn't get any more convoluted, enter Taylor Swift, Snoop Dogg, and Tupac Shakur. On Friday, an embattled Drake released "Taylor Made," his second diss track in response to Kendrick Lamar, which mentions the "Fortnight" singer and uses what sounds like an AI-generated Shakur and Snoop Dogg to try to humble Lamar. AdvertisementThe fake Tupac gives Lamar advice on how to properly diss Drake by referencing rumors about the Canadian rapper "liking young girls." The actual human Snoop Dogg humorously responded to the verse in an Instagram video Friday evening. Representatives for Swift, Snoop Dogg, Drake, and Lamar, and a lawyer for Shakur's estate did not immediately respond to a request for comment from Business Insider.

Persons: —, Taylor Swift, Snoop Dogg, Tupac Shakur, Drake, Taylor, Kendrick Lamar, Lamar, J, Cole, Prince, Mike Jack, Michael Jackson, Jackson, Pop, Rick Ross, Ye, Lamar —, Tupac, Shakur, Snoop, Lamar hasn't, Swift Organizations: Service, Business, Metro Boomin, Listeners, Poet's Department, Genius, Dawg Entertainment, Apple Music Locations: Lamar

☆ Taylor Swift fans are 'Down Bad' for her new double album, smashing streaming records on Spotify and Apple Music
▼ + stars: | 2024-04-20 | by ( Katie Balevic | ) www.businessinsider.com time to read: +1 min

Taylor Swift's latest album has broken records on Spotify, Apple Music, and Amazon Music. "The Tortured Poets Department" is the most-streamed album in a single day on Spotify and Amazon. Taylor Swift's latest album, "The Tortured Poets Department," smashed records on Spotify, Apple Music, and Amazon Music since its release at midnight on Friday. Both Spotify and Amazon Music declared it the most-streamed album on their respective platforms in a single day. The previous record holder was another Swift album, "Midnights," which amassed 184.6 million streams in a single day.

Persons: Taylor Swift's, Post Malone, Spotify's, —, Taylor, Swift Organizations: Spotify, Apple Music, Amazon, Department, Post, Service, Poets Department, Amazon Music

☆ Taylor Swift’s ‘Tortured Poets’ Arrives With a Promotional Blitz
▼ + stars: | 2024-04-19 | by ( Ben Sisario | ) www.nytimes.com time to read: +1 min

Taylor Swift was already the most ubiquitous pop star in the galaxy, her presence dominating the music charts, the concert calendar, the Super Bowl, the Grammys. In the days leading up to the release of “The Tortured Poets Department” on Friday, Swift became all but inescapable, online and seemingly everywhere else. A Spotify-sponsored, Swift-branded “library installation,” in muted pink and gray, popped up in a shopping complex in Los Angeles. In Chicago, a QR code painted on a brick wall directed fans to another Easter egg on YouTube. Videos on Swift’s social media accounts, showing antique typewriters and globes with pins, were dissected for clues about her music.

Persons: Taylor Swift, Department ”, Swift, SiriusXM Organizations: Department, Apple, Spotify, Swift Locations: Los Angeles, In Chicago

The Tortured Poets Department VinylYou can enjoy "The Tortured Poets Department" in record form with Swift's Ghosted White vinyl. The Tortured Poets Department Target ExclusivesOne vinyl and three CD versions of "The Tortured Poets Department" are sold exclusively at Target. Target The Tortured Poets Department Phantom Clear Vinyl $39.99 $45.99 Save 13% This Phantom Clear vinyl version of The Tortured Poets Department is exclusive to Target. The Tortured Poets Department Digital StreamingThe fastest way to hear "The Tortured Poets Department" will be through digital streaming. Amazon The Tortured Poets Department MP3 $13.49 The digital version of The Tortured Poets Department features all 16 original tracks from the album.

Persons: Taylor Swift's, we've, Swift's, you'll Organizations: Business, Department, Poets Department, Target, Spotify, Apple, Amazon

☆ ‘Tortured Poets Department’ album review (Live updates)
▼ + stars: | 2024-04-18 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +3 min

CNN —Take your seat because Taylor Swift’s “Tortured Poets Department” meeting has officially been called into session. The Grammy-winner released her highly anticipated 11th studio album on Friday, appearing on Apple Music around 15 minutes prior to its scheduled midnight release time. The 16-track album has a moody and chill sound with classic Taylor lyrics reflecting what sounds like her internal monologue. And then all that’s left behind is the tortured poetry.”“Tortured Poets” includes 16 tracks with one bonus track titled “The Manuscript.” It features collaborations with Post Malone on a track titled “Fortnight,” the album’s lead single, and with Florence + The Machine on a song titled “Florida!! In February, Swift announced the album at the Grammys, while accepting the award for best pop vocal album for 2022’s “Midnights.”“It was really a lifeline for me,” Swift said of “Tortured Poets” during a February concert in Melbourne, according to video footage posted to social media.

Persons: Taylor Swift’s, Taylor, Swift, ”, “, Post Malone, she’s, Jack Antonoff, Aaron Dessner, Department ”, ” Tom Poleman, iHeartRadio, “ It’s, ” Swift Organizations: CNN, Department, Apple Music, Post, Spotify Locations: Florence, Florida, America, Melbourne

☆ Sabrina Carpenter may have dropped this year's summer bop with 'Espresso.' Here's how valuable a summer hit can be.
▼ + stars: | 2024-04-14 | by ( Katie Balevic | Lauren Edmonds | ) www.businessinsider.com time to read: +6 min

Sabrina Carpenter just dropped "Espresso," which is already topping the charts. With her new song "Espresso," the pop star may have just dropped this year's summertime hit. Cyrus' 2023 single "Flowers" breathed new life into her career after a rocky public personaMiley Cyrus performs at the 2024 Grammys. Like Carpenter, Cyrus was a Disney child star who amassed international fame with "Hannah Montana." So with "Espresso," Carpenter has a chance to catapult herself onto the big stage and secure her place as a bonafide star.

Persons: Sabrina Carpenter, —, Taylor, Barry Keoghan, She's, Carpenter, Theo Wargo, Sabrina Carpenter's, Morgan Wallen's, Harry Styles, Olivia Rodrigo, Miley Cyrus, SZA, Cyrus, Amy Sussman, cushioned Cyrus, Forbes, Vijat, Hannah Montana, Pharrell Williams, Cowboy Carter, Armando L, Sanchez, Bill, Timothy Norris, J, Cole, Nicki Minaj Organizations: Service, Coachella, Spotify's, Spotify, Apple, NBC, Getty, Chicago Tribune, Tribune, Billboard, iHeart Locations: Disney

☆ Apple says App Store and other services are back online after an outage
▼ + stars: | 2024-04-03 | by ( Jordan Novet | ) www.cnbc.com time to read: +1 min

Apple on Wednesday said it had fixed an outage for its App Store on iOS and MacOS devices. The iPhone maker picked up 19% of revenue from its Services category, including some from the App Store, according to its latest quarterly report. For most applications, developers keep all revenue they generate through the App Store, but Apple receives a commission when people buy individual apps and make in-app purchases. Some people posted screenshots on social media showing error messages when they tried to open the App Store on iPhones. Apple TV+, Apple Music, Apple Podcasts and other company services were also having technical issues on Wednesday, according to the page.

Persons: Apple, It's Organizations: Apple, Apple Music, U.S . Justice Department

☆ Spotify is reportedly going to get more expensive later this year
▼ + stars: | 2024-04-03 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +2 min

The company is also working on a new basic tier and a "supremium" plan, Bloomberg said. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Spotify last raised prices in July, hiking the cost of most plans by $1 a month. Apple Music's individual plan got $1 more expensive a month in 2022, and YouTube Premium's individual plan rose by $2 a month the following year.

Persons: —, Joe Rogan Organizations: Bloomberg, Service, Spotify, Apple, YouTube, Business Locations: Australia, Pakistan, United States

☆ Beyoncé's covers are landing Boomer country artists in the ears of Gen Z
▼ + stars: | 2024-04-01 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +5 min

She weaves in samples and references to Black artists, including Sister Rosetta Tharpe, Chuck Berry, and Roy Hamilton. A cover song isn't just a copyThere's a long history of non-country artists doing country covers. Related storiesFor artists, cover songs "are like a stepping stone. Solis, the ethnomusicologist, pointed out that country music has grown out of a history of people playing other artists' songs, particularly Black artists. Beyoncé's "Jolene" cover is #3 on Apple Music Charts, while "Blackbird" is #12.

Persons: Cowboy Carter, Jolene, —, Carter, It's, Queen Bey, she's, Rosetta Tharpe, Chuck Berry, Roy Hamilton, Willie Nelson, Linda Martell, Bey, Dolly Parton, Paul McCartney, Tanner Adell, Brittney Spencer, Tiera Kennedy, Reyna Roberts, Tina Knowles, Gabriel Solis, Patsy Cline's, Bing Crosby, Don Cusic, Beyoncé, — Bey, Solis, " Solis, Tracy Chapman's, Luke Combs, Martell, Nelson, Parton, Cusic Organizations: Service, University of Washington, Western Music Hall of Fame, Spotify, Apple, YouTube Locations: America, Beyoncé

☆ Anyone want to pay an extra 50% for their Spotify subscription? This bill would make it mandatory.
▼ + stars: | 2024-03-28 | by ( Peter Kafka | ) www.businessinsider.com time to read: +5 min

Read previewLots of consumers like streaming music. Lots of musicians complain about streaming — they say it doesn't generate nearly as much revenue for them as they deserve and need. So here's a proposal to help fix that: a tax that would increase American consumers' music streaming bills by 50% — meaning you'd pay an extra $4 to $10 a month for services like Spotify or Apple Music. I don't believe there was ever a time that Americans supported a 50% tax hike on anything, for any reason. But when we got on the phone to discuss the bill this month, he said it's supposed to be taken literally and seriously.

Persons: —, Rashida Tlaib, Jamaal Bowman, Tlaib, Damon Krukowski, I'm, it's, Krukowski, you've, Taylor Organizations: Service, Apple, Business, Wage, Act, Rep, United Musicians, Allied Workers, Spotify Locations: Michigan, New York

☆ Shakira says it's 'good not to have a husband' because it was dragging her down
▼ + stars: | 2024-03-21 | by ( Amanda Goh | ) www.businessinsider.com time to read: +3 min

Read previewEven though being a single mom can be challenging, Shakira is embracing her independence. I don't know why, it was dragging me down," Shakira told Lowe. AdvertisementWhen she was still living a married life in Barcelona, it was hard for her to work on new music, Shakira said. And I'm a single mother; I don't have a husband at home to help out with anything." In 2016, Sofia Vergara told People about the pride she feels when people compliment her son.

Persons: —, Shakira, Zane Lowe, Gerard Piqué, Lowe, Sofia Vergara, Vergara, Manolo, Joe Gonzalez, Gonzalez, Halle Berry, it's, Berry, Nahla Ariela Aubry, Gabriel Aubry, Maceo, Robert Martinez, Olivier Martinez Organizations: Service, Apple, Business Locations: Barcelona, Miami

☆ Nvidia may leapfrog Apple in value if the iPhone maker doesn't wow investors with AI soon, analyst says
▼ + stars: | 2024-03-06 | by ( Aaron Mok | ) www.businessinsider.com time to read: +3 min

Apple needs to release GenAI services soon — or risk Nvidia overtaking it in value, analyst says. The prediction comes as Apple suffers a decline in iPhone sales in China. Apple is shifting its focus further towards generative AI after killing its electric car project. One key reason Apple may need to ramp up its generative AI efforts is because of iPhone sales headwinds. Leaders of the project reportedly said it nixed the car so employees on that team could instead work on generative AI.

Persons: —, Chi Kuo, Apple, Kuo, catchup, Tesla, Tim Cook hasn't, Microsoft's GitHub, Cook, Kuo didn't Organizations: Nvidia, Apple, Service, Twitter, Google, Counterpoint Research, Huawei, Microsoft, Bloomberg Locations: China

☆ Want an A-lister like Rihanna to perform at your wedding? Here's how much it could cost you.
▼ + stars: | 2024-03-05 | by ( Madeline Berg | ) www.businessinsider.com time to read: +5 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Advertisement"If you can afford it, why wouldn't you fly in your favorite artist to perform your favorite songs rather than simply listening to covers?" He had Beyoncé perform at a celebration for his daughter's 2018 wedding, and the next year had The Chainsmokers and Chris Martin at his elder son's wedding festivities. "Generally speaking, you will never beat the thrill of having a major artist perform at your wedding. That means stars may be more amenable to playing at a wedding or corporate party than previously.

Persons: Rihanna, Anant Ambani, Radhika Merchant, —, Bill Gates, Mark Zuckerberg, Ivanka Trump, India's, Mukesh Ambani, hasn't, Stuart McNeill, Craig David, Elton John, Nile Rodgers, Lady Gaga, Flo Rida, Sting, Andrea Bocelli, Kardashian, Chris Martin, it's, Ambani, Beyoncé, Alison Laesser, Alison Bryan, Keck, Usher, you'd, McNeill Organizations: Service, Business, Knightsbridge, Davos, Keck, Spotify, Apple, Forbes Locations: Gujarat, India, Baden, Chicago, New York, Dubai

☆ Apple hit with more than $1.95 billion EU antitrust fine over music streaming
▼ + stars: | 2024-03-04 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

In this article AAPL Follow your favorite stocks CREATE FREE ACCOUNTwatch nowThe European Commission, the European Union's executive arm, on Monday hit Apple with a 1.8 billion euro ($1.95 billion) antitrust fine for abusing its dominant position on the market for the distribution of music streaming apps. Apple also banned developers of music streaming apps from providing any instructions about how users could subscribe to these cheaper offers, the Commission alleged. Apple responseIn a fiery response to the fine, Apple said Spotify would stand to gain the most from the EU pronouncement. That's because instead of selling subscriptions in their iOS app, Spotify sell them via their own website stead. Apple fine just a 'parking ticket'The Commission said that Apple prevented developers of music streaming apps from informing their iOS users within their apps about prices of subscriptions or offers available elsewhere.

Persons: Apple, —, Margrethe Vestager, Vestager Organizations: European Commission, Apple, Commission, EU, U.S, Spotify, Apple Music Locations: Brussels, Stockholm, Sweden, Cupertino

☆ A big fine in Europe adds to Apple's 2024 woes. What it will take to get back on track
▼ + stars: | 2024-03-04 | by ( Morgan Chittum | ) www.cnbc.com time to read: +7 min

Apple shares tumbled on Monday after European regulators hit the tech giant with a big antitrust fine over music streaming. The European Commission dished out a $1.95 billion fine — claiming Apple violated competition laws in the music streaming market. Apple and Spotify have rival audio streaming services. "New AI services should compel users to upgrade iPhones, driving a Supercycle in 2025," the analysts said in a note to clients Monday. Melius also sees upside to Apple Services due to AI-infused software features.

Persons: —, Jim Cramer, Jim, Tim Cook, Apple, we're, Melius, Jim Cramer's, Scott Eells Organizations: Apple, European, European Union, Spotify, European Commission, Big Tech, Microsoft, Nvidia, Nvidia's, Huawei, India . Club, Apple Music, Research, Apple Services, CNBC, Nasdaq, Bloomberg, Getty Locations: Europe, American, China, India, New York

☆ Apple hit with landmark $2 billion EU antitrust fine
▼ + stars: | 2024-03-04 | by ( Anna Cooban | ) edition.cnn.com time to read: +2 min

London CNN —The European Union has fined Apple €1.84 billion ($2 billion) for breaking its competition laws. The bloc announced Monday that it would impose the fine — its first-ever antitrust penalty on the US tech giant — for preventing rival music streaming services such as Spotify from telling iPhone users that they could find cheaper ways to subscribe outside of Apple’s app store. The European Commission opened a formal antitrust investigation into Apple in 2020 after Spotify (SPOT) lodged a complaint against Apple the previous year, accusing it of unfairly disadvantaging its competitors. It said Apple required the Swedish music streamer and other content providers to pay a 30% fee on purchases made through Apple’s in-app payment system, while its own service, Apple Music, didn’t have to pay the fee. Spotify also said Apple prevented it from sharing information about subscription deals with customers who use iPhones.

Persons: Margrethe Vestager, ” Vestager Organizations: London CNN, European Union, Apple, Spotify, European Commission, Apple Music, Digital Markets, Big Tech Locations: Apple’s

☆ Why Apple's $2 billion fine is a $80 billion problem
▼ + stars: | 2024-03-04 | by ( Peter Kafka | ) www.businessinsider.com time to read: +3 min

Apple's stock fell Monday morning after EU regulators slapped the company with a $2 billion fine. The fine is part of the EU's push to get Apple to open up its App Store. Investors are trying to figure out how much opening the App Store will hurt the company long term. Which means, at the moment, that Apple's $2 billion fine has cost it some $80 billion in market cap. But as recently as a month ago, the conventional wisdom was that Apple's fine was going to be something in the $500 million range.

Persons: —, that's, they've, there's Organizations: Apple, Service Locations: Europe

☆ EU regulators fining Apple €1.8 billion over Apple Music
▼ + stars: | 2024-03-04 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEU regulators fining Apple €1.8 billion over Apple MusicCNBC's Steve Kovach joins 'Squawk Box' to report on the latest news from Apple.

Persons: Steve Kovach Organizations: Apple, Apple Music

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