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☆ Publishers and advertisers demand that Apple's Tim Cook stop the rollout of an anticipated 'web eraser' tool over fears it'll hobble web advertising
▼ + stars: | 2024-05-29 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +6 min

You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The French group of trade associations fears that Apple's web eraser could represent another example of Big Tech implementing disruptive changes over which media and advertising companies have no control. Apple generates advertising and subscription revenue from its Apple News service, though it makes the majority of its ad revenue from search ads within the Apple App Store. A spokesperson for the NMA said the organization hadn't heard back from Apple since it sent the letter on May 10.

Persons: —, Tim Cook, Apple's Cook, Thierry Breton, Apple, NMA, hadn't Organizations: Service, Apple, Business, Safari, Alliance, SRI, Union des Marques, Big Tech, Google, Facebook, Publishers, Apple News, French Competition Authority, Europe's, UK's News Media Association, Daily Mail, Guardian Locations: France, Europe, Germany

☆ U.S. court to hear challenges to potential TikTok ban in September
▼ + stars: | 2024-05-28 | by ( ) www.cnbc.com time to read: +2 min

Under the appeals court schedule, the creators, TikTok and ByteDance must file legal briefs by June 20 and the Justice Department by July 26, with reply briefs due by Aug. 15. TikTok and the Justice Department have sought a ruling by Dec. 6 in order to seek review from the Supreme Court if needed. The law, signed by President Joe Biden on April 24, gives ByteDance until Jan. 19 to sell TikTok or face a ban. The White House says it wants to see Chinese-based ownership ended on national security grounds, but not a ban on TikTok. The law prohibits app stores like Apple and Alphabet's Google from offering TikTok and bars internet hosting services from supporting TikTok unless ByteDance divests TikTok.

Persons: TikTok, ByteDance, Joe Biden Organizations: U.S, Capitol, TikTok's, Appeals, District of Columbia, Justice Department, Apple, Google Locations: Washington ,, U.S, China, TikTok's U.S

☆ Apple stock is poised to surge nearly 50% as it heads toward its most important day in a decade, Wedbush says
▼ + stars: | 2024-05-24 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Apple's upcoming WWDC on June 10 represents its "most important event in a decade," according to Wedbush analyst Dan Ives. Ives expects the company to unveil a host of AI features that will help power an iPhone 16 supercycle. Ives expects the iPhone upgrade cycle could exceed a massive 270 million units. "This adds to our entrenched view that for Apple iPhone builds we will see a lift heading into a highly anticipated iPhone 16 upgrade cycle that kicks off in September. We believe current Street numbers are somewhat conservative for FY25 which is a good setup into this upcoming iPhone cycle," Ives said.

Persons: Dan Ives, Ives, — Organizations: Service, Apple, OpenAI, Cook, Co Locations: Taiwan

☆ Here are Tuesday's biggest analyst calls: Nvidia, Apple, Dell, Tesla, Disney, Gap, Hewlett Packard & more
▼ + stars: | 2024-05-21 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are the biggest calls on Wall Street on Tuesday: Morgan Stanley reiterates Tesla as overweight Morgan Stanley made the case in a note to investors that Elon Musk needs Tesla "more than ever before." Citi initiates Ferrovial at buy Citi said it's bullish on shares of the Dutch infrastructure and transportation company. Citi reiterates Dell as buy Citi raised its price target on the stock by 36% to $170 per share from $125. Morgan Stanley reiterates Apple as overweight Morgan Stanley said its checks show accelerating App Store growth ahead of expectations for Apple. Morgan Stanley names Taiwan Semiconductor a catalyst-driven idea Morgan Stanley said TSM is a likely beneficiary of a solid Nvidia earnings report on Wednesday.

Persons: Morgan Stanley, Tesla, Elon, Raymond James, Baird, it's, Evercore, Piper Sandler downgrades Sunnova, Piper, Brinker, Argus, Apple, TSM, NVDA, it's bullish, Lenz, LENZ Organizations: Elon, Caesars Entertainment, Penn, Penn Entertainment, Boyd Gaming Corporation, Inc, PENN Entertainment, JPMorgan, Therapeutics, Citi, Nvidia, Sunnova, Disney, Dell, Barclays, HP, Brinker International Inc, Apple, Taiwan Semiconductor, Gap Citi, GPS, " Bank of America, Lenz Therapeutics, Bank of America, Deutsche Bank, Deutsche, Recovery Software

☆ Jim Cramer points to new, 'very bullish' signs that Apple's China business is on the mend
▼ + stars: | 2024-05-21 | by ( Paulina Likos | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer sees Apple 's China business coming back — pointing to stronger monthly App Store numbers, due to activity in the world's second-largest economy. "This is very bullish," Cramer said Tuesday, reacting to Morgan Stanley data showing a mild acceleration of overall App Store growth in May to 11.7% year over year. As China drives more Apple services growth, Cramer said the "bull case of China being back" gains merit. Earlier this month, Apple delivered record quarterly revenue in high-margin services and guided a double-digit rate of growth for the June quarter. A potential catalyst for Apple stock could be next month's Worldwide Developers Conference.

Persons: CNBC's Jim Cramer, Apple, Cramer, Morgan Stanley Organizations: Apple, Club, That's Locations: China

☆ What Comcast's new Netflix, Peacock, Apple TV+ streaming bundle tells you about the industry's economics
▼ + stars: | 2024-05-21 | by ( Peter Kafka | ) www.businessinsider.com time to read: +4 min

If you subscribe to Netflix's cheapest plan, and also get Peacock's cheapest plan, and also get Apple TV+, it will cost you $23 a month. So Peacock and Apple would benefit more from being in a bundle with Netflix, so they are more likely to discount their rates to make the bundle work. Digital distributors like Apple have made it very easy for subscribers to turn their streaming subscriptions on and off. Netflix, Comcast, and Apple all declined to comment about bundle economics. AdvertisementSo maybe all streaming subscriptions aren't equal.

Persons: it's, Ted Sarandos, I've Organizations: Service, Apple, Comcast, Business, Netflix, Verizon, Disney

☆ Didi co-founder Liu steps down after decade at the helm of Chinese ride-hailing company
▼ + stars: | 2024-05-20 | by ( ) www.cnbc.com time to read: +2 min

Didi Global, the Chinese ride-hailing company, must face a lawsuit in a U.S. court claiming it defrauded investors by concealing and disobeying a Chinese government order to postpone its 2021 initial public offering until it resolved cybersecurity and privacy concerns. Didi Global 's co-founder Jean Liu has stepped down from her roles as president and board director of China's biggest ride-hailing firm to take on a new role, according to an internal company memo. Didi, which is seen as China's answer to Uber but has faced prolonged regulatory scrutiny, will no longer have a position of president, it said in the memo seen by Reuters. The company was penalized with a $1.2 billion fine in July 2022 over data security violations. Didi began to recover from its regulatory challenges in early 2023 when it received permission to relaunch its apps.

Persons: Didi Global, Jean Liu, Didi, Liu, Goldman Sachs, Will Cheng, Liu Chuanzhi Organizations: Reuters, Lenovo, Alibaba, Uber, Apple, U.S Locations: U.S, China

☆ See How Easily A.I. Chatbots Can Be Taught to Spew Disinformation
▼ + stars: | 2024-05-19 | by ( Jeremy White | ) www.nytimes.com time to read: +8 min

Chatbots Can Be Taught to Spew DisinformationAhead of the U.S. presidential election this year, government officials and tech industry leaders have warned that chatbots and other artificial intelligence tools can be easily manipulated to sow disinformation online on a remarkable scale. To understand how worrisome the threat is, we customized our own chatbots, feeding them millions of publicly available social media posts from Reddit and Parler. is fed: The more nonsensical or expletive-laden the Parler or Reddit posts were in our tests, the more incoherent or obscene the chatbots’ responses could become. We asked, “Should critical race theory be taught in schools?”Mistral declined to comment on the fine-tuning of its models. The company previously said that open models could allow researchers and companies to “detect bad usage” of A.I.

Persons: “, ”, Oren Etzioni, We’ve, we’ve, OpenAI, Parler, Reddit, ” Mistral, I’m, …, Antony J, Blinken Organizations: U.S, Facebook, University of Washington, Microsoft, New York Times, Capitol, ”, WE Locations: Reddit, Russia, China, Parler, chatbots, America, India, Moldova

☆ The newest weight-loss hack has people turning to a highly addictive drug
▼ + stars: | 2024-05-17 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +7 min

In today's big story, we're looking at how Zyn nicotine pouches are becoming the new weight-loss quick fix . A new weight-loss quick fix is making the rounds just in time for summer's unofficial start (Memorial Day), but this one relies on a highly addictive drug. However, one doctor Hilary spoke to has concerns about the effects of using nicotine to lose weight. Wilson, Amazon, Albany Times Union/Hearst Newspapers/Getty, Creative Crop/Getty, Tyler Le/BIOf course, you don't have to rely on a highly addictive drug to lose weight. Disney CEO Bob Iger said he's giving too much money to the Big Tech app stores that distribute Disney-owned streamers like Hulu and Disney+.

Persons: —, Michael M, Rebecca Zisser, Hilary Brueck, Mia de Graaf, Hilary, they're, They're, Wilson, Tyler Le, I'm, BI's Jordan Hart, padel, Gabby Landsverk, Jamie Dimon Jamie Dimon, Jerome Powell, Bob Iger, Bernstein, Rouco, Zers, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, HBO, Business, Getty, bros, Albany Times Union, Hearst Newspapers, Creative, CNBC, JPMorgan, GameStop, Disney, Big Tech, Hulu, Google, Big, Microsoft, Wall Street, Citi Locations: Amazon, China, Ireland, Australia, millennials, New York, London

☆ Heads-up, Apple and the rest of Big Tech: Disney wants better app store deals.
▼ + stars: | 2024-05-16 | by ( Peter Kafka | ) www.businessinsider.com time to read: +2 min

Speaking at an investor conference this week, Iger said he's giving up too much money to the Big Tech app stores that distribute Disney-owned streamers like Hulu and Disney+. "Unlike Netflix, we distribute largely through third-party app stores. App stores and app distribution are a meaningful part of many tech companies' business plans. It's also possible that Disney won't need to leave third-party app stores — or threaten to leave — in order to save money. Maybe one of them will include a way to take a bit less from one of the world's biggest video companies.

Persons: Bob Iger, Iger, Michael Nathanson, I've, It's Organizations: Disney, Apple, Google, Big Tech, Hulu, Business, Netflix, signups

☆ Billionaire real estate investor Frank McCourt wants to buy TikTok — but he's not interested in the algorithm
▼ + stars: | 2024-05-16 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewReal estate mogul Frank McCourt is the latest person to raise his hand to try to acquire TikTok's US business. Related stories"We thought this was a really fantastic opportunity to accelerate the creation of an alternative internet," McCourt told the Associated Press. McCourt wants to change TikTok's basic business to an open-source model that allows users and creators more control over their data. McCourt told the New York Times that he doesn't want the algorithm. "We doubt very much that China would sell TikTok with the algorithm," McCourt told the Times.

Persons: —, Frank McCourt, McCourt, Kirkland, Ellis, TikTok, Forbes, Tim Berners, Lee, TikTok . McCourt, Eric Schmidt, Steven Mnuchin, he's Organizations: Service, Guggenheim Securities, Business, Associated Press, Liberty, Los Angeles Dodgers, Big Tech, New York Times, Times Locations: China

☆ Apple desperately needs its Next Big Thing
▼ + stars: | 2024-05-14 | by ( Paris Marx | ) www.businessinsider.com time to read: +10 min

But after a decade of doing that, iPhone sales are slowing, revenue is down, and the company, again, needs to find its next big thing. Apple's own outlook suggests poor iPhone sales will persist, especially as sales in China rapidly decline. The drawbacks of Cook's divestment from product design and development are now becoming clearer. Both the EU and the US cases would also make some people more likely to switch to a cheaper phone, which would threaten iPhone sales even further. The drawbacks of Cook's divestment from product design and development are now becoming clearer.

Persons: Steve Jobs, Jobs, Apple, Tim Cook, Cook, haven't, Steve, Tripp Mickle, Jony Ive, we've, wouldn't, Let's, aren't, Peter Kafka Organizations: Apple, Apple Watch, IBM, Google, EU, Bloomberg, Nasdaq, Business Locations: China, Asia, India, Indonesia

☆ Shopify has acqui-hired AI-driven analytics startup Peel Insights
▼ + stars: | 2024-05-10 | by ( Madeline Stone | ) www.businessinsider.com time to read: +2 min

Shopify has acquired the team working on analytics startup Peel Insights, the Canadian e-commerce giant confirmed Friday. Peel works primarily with Shopify merchants and can integrate with apps across their tech stack, including Klaviyo and Recharge. Peel's CEO and cofounder, Nicolas Grasset, is now a director of product at Shopify, according to his LinkedIn, and the Peel app is still available on the Shopify App Store. Related stories"With the Peel Insights team at Shopify, we can supercharge insights features for our millions of merchants," they said. In 2021, it brought on the team from AR startup Primer to work on AI and spatial computing at Shopify.

Persons: Shopify, Peel, Lerer Hippeau, Nicolas Grasset Organizations: Business, Eniac Ventures, Vinyl Capital, Peel Locations: Peel, Swedish, Triple

☆ Here are Thursday's biggest analyst calls: Apple, Sunrun, Costco, Arm, Fox, Robinhood, Airbnb & more
▼ + stars: | 2024-05-09 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Thursday's biggest calls on Wall Street: Goldman Sachs reiterates Sunrun as buy Goldman said it's sticking with its buy rating following earnings on Wednesday. " JPMorgan reiterates SolarEdge as overweight JPMorgan said it's sticking with its overweight rating following earnings on Wednesday. " Citi reiterates Airbnb as buy Citi said it's standing by its buy rating on shares of Airbnb following earnings on Wednesday. JPMorgan reiterates Instacart as overweight JPMorgan said it's sticking with its overweight rating on shares of Instacart following earnings on Wednesday. Bank of America reiterates Apple as buy Bank of America said it's sticking with its buy rating following data showing App Store strength.

Persons: Goldman Sachs, Sunrun, Goldman, JPMorgan, SEDG, Shopify, Redburn, Mizuho, Robinhood, Airbnb, Davidson downgrades TripAdvisor, Raymond James, Fox, Cantor Fitzgerald, Cantor, EVGO, it's, Wolfe, Skyworks, SWKS, we're Organizations: JPMorgan, Bloomberg, Holdings, Deutsche Bank, Emerson, Deutsche, Citi, Bank of America, Fox, of America, Solutions, Barclays, UBS, Costco, Apple Locations: EBITDA

☆ Internal document shows Google using uncertainty over a TikTok ban to try to win more ad dollars for YouTube
▼ + stars: | 2024-05-08 | by ( Hugh Langley | ) www.businessinsider.com time to read: +4 min

YouTube, TikTok, and Meta are fighting for ad spendA TikTok ban could have huge upside for YouTube. While YouTube is eating up more ad dollars, the platform is still behind Meta in terms of total video ad spend in the US, based on projected data from eMarketer. AdvertisementMeanwhile, TikTok has been gaining ground, with eMarketer predicting TikTok will have almost caught up to YouTube in terms of video ad dollars by 2025 in the US (assuming TikTok isn't banned). And like YouTube, the Chinese-owned app is also trying to take ad dollars away from TV networks and video streamers. It's still not clear how many ad dollars are moving to YouTube Shorts, but Google Chief Business Officer Phillip Schindler talked up the service on the company's latest investor call.

Persons: —, Joe Biden, YouTube's, Sundar Pichai, Zuckerberg, TikTok, isn't, eMarketer, Meta's, It's, Phillip Schindler Organizations: Service, Google, YouTube, Business, Apple, BI, Pew Research Locations: USA

☆ For US renters, the chance of owning a home is going from bad to worse
▼ + stars: | 2024-05-08 | by ( Elisabeth Buchwald | ) edition.cnn.com time to read: +7 min

New York CNN —The American dream of homeownership is looking more like a nightmare. With inflation heating up again, the Federal Reserve is in no position to consider lowering interest rates at its upcoming meetings. That’s according to a New York Fed survey gauging consumers’ expectations of the housing market, released Monday. Consumers are gearing up for even bigger increases compared to the expected rise in mortgage rates over the next year, the New York Fed survey found. The issue of rent affordability is particularly pronounced in New York City, where housing costs have always been notoriously high compared to other parts of the country, absent a brief respite during the pandemic.

Persons: That’s, Kenny Lee, Aditya Bhave, Neel Kashkari, Bhave, ” Bhave, “, Perdue “, ”, Read, TikTok, Joe Biden, Brian Fung, Bytedance Organizations: CNN Business, Bell, New York CNN, Federal, New, Fed, Zillow, Bank of America, CNN, Minneapolis, Bloomberg, United States Department of Labor, Seaboard Triumph Foods, Perdue, Labor Department, Seaboard, Labor, Packers Sanitation Services, Appeals, District of Columbia Circuit Locations: New York, New York City, Fayette, DOL, Sioux City , Iowa, Accomac , Virginia, China

☆ TikTok sues to block prospective US app ban
▼ + stars: | 2024-05-07 | by ( Brian Fung | ) edition.cnn.com time to read: +9 min

If it loses, TikTok could be banned from US app stores unless its Chinese parent company, ByteDance, sells the app to a non-Chinese entity by mid-January 2025. But Virginia Democratic Sen. Mark Warner, an advocate for the TikTok legislation, said in remarks on the Senate floor in April that the briefings provided critical insight into the risk TikTok poses. US policymakers have described the law at issue as a forced divestiture of TikTok, not an outright app ban. Some US officials have been trying to ban TikTok from the United States since 2020, when former President Donald Trump moved to block the app by executive order. (Trump has since reversed his position, saying a TikTok ban would only help Meta, a company Trump blames for his 2020 election defeat.)

Persons: Washington CNN — TikTok, Joe Biden, TikTok, Bytedance, “, didn’t, Virginia Democratic Sen, Mark Warner, Warner, they’ve, They’ve, ”, Tuesday’s, ByteDance, TikTok’s, Berman, Evelyn Douek, Biden, Gautam Hans, Hans said, Jennifer Huddleston, Donald Trump, Trump, Douek, ” Douek Organizations: Washington CNN, Appeals, District of Columbia Circuit, Justice Department, Oracle, Foreign Investment, Republican, Democrat, Virginia Democratic, Senate, Stanford University, Cornell University . Still, Apple, Google, Cato Institute, European Commission, Trump Locations: China, United States, TikTok, Israel, Ukraine, Montana, Canada, United Kingdom, India

☆ Your Neighbors Are Retiring in Their 30s. Why Can’t You?
▼ + stars: | 2024-05-07 | by ( Amy X. Wang | ) www.nytimes.com time to read: +2 min

Even before he really knew what it meant, Allen Wong wanted to be rich. What “rich” seemed to dangle was something simpler, more elementary, more a feeling than anything else: freedom from pain. “I didn’t want to be absent from my family and only show up a few hours each day after work. Wong’s father was ousted from his business, sank into a depression and committed suicide; his mother tripped down a spiral of mental illness. Suddenly, Wong’s entry-level computer programming job was the household’s only source of income, and there was a world financial crisis going on.

Persons: Allen Wong, Wong, “, ”, Wong’s, doggedly Organizations: Lamborghini Locations: Guangzhou, Hong Kong, New York City, Chinatown

☆ TikTok is taking the US to court to stop its ban
▼ + stars: | 2024-05-07 | by ( Dan Whateley | Geoff Weiss | ) www.businessinsider.com time to read: +4 min

TikTok is suing the US government over its new law that forces a sale or ban of the app. AdvertisementTikTok promised to fight its ban in the US — and now the social-media giant has made it official. TikTok has denied both of these claims, and the US government has yet to present evidence that either action has occurred. Legal scholars told Business Insider that well-articulated First Amendment arguments tend to prevail in court, but Congress' national-security concerns could ultimately win out. Hans, an associate clinical professor of law at Cornell Law School and associate director of its First-Amendment clinic, told BI.

Persons: TikTok, —, ByteDance, Joe Biden, G.S, Hans, Matthew Schettenhelm, Schettenhelm Organizations: Service, Chinese Communist Party, Foreign, Business, Cornell Law School, Appeals, DC Circuit, Bloomberg Intelligence Locations: China, Russia, Beijing, India

☆ Why Apple's ad business isn't what you think it is
▼ + stars: | 2024-05-06 | by ( Peter Kafka | ) www.businessinsider.com time to read: +1 min

Apple's definition of "services" includes advertising, which Apple routinely says is a major driver of its services growth. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. But as we've pointed out many times, iPhone sales won't grow forever. Which is why, for the last several years, Apple has been taking pains to highlight its growing "services" business. "Services," per Apple's description, is a fast-growing grab-bag of stuff, all of which doesn't directly involve Apple hardware: money Apple makes from App Store sales; money Apple makes selling warranties and cloud storage; and money Apple makes selling you music and TV subscription services.

Persons: —, doesn't Organizations: Apple, Service, Business

☆ When grief and AI collide: These people are communicating with the dead
▼ + stars: | 2024-05-06 | by ( Samantha Murphy Kelly | ) edition.cnn.com time to read: +12 min

People have wanted to reconnect with deceased loved ones for centuries, whether they’ve visited mediums and spiritualists or leaned on services that preserve their memory. In September 2023, it introduced ChatGPT voice, where users can ask the chatbot prompts without typing. HereAfter AI, founded in 2019, allows users to create avatars of deceased loved ones. “Remembering is very important; it reflects the human condition and importance of deceased loved ones.”But she noted the relationship we have with our closest loved ones is built on authenticity. Creating an AI version of that person could for many “feel like a violation of that.”Bill Abney said he feels uneasy about communicating with his late fiancée through AI platforms.

Persons: Ana Schultz, Kyle, ”, Schultz, “, Schutz, they’ve, ” Ana Schultz, ElevenLabs, Joe Biden, Biden, ChatGPT, OpenAI, Danielle Jacobson, she’s, Phil, Cole, ” Jacobson, “ Cole, Replika, Rohit Prasad, Val Kilmer, It’s, Mary, Frances O’Connor, ‘, ’ ”, Bill Abney, Kari, ” Abney, “ I’m, Jodi Spiegel, Sims Organizations: CNN, Davidson College, Tech, Alexa, MARS, Amazon, University of Arizona Locations: Rock Falls , Illinois, Alabama, Johannesburg, South Africa, “, San Francisco, Newfoundland, Canada

☆ Here are Monday's biggest analyst calls: Nvidia, Apple, Amazon, U.S. Steel, Micron, Disney, Citi & more
▼ + stars: | 2024-05-06 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are the biggest calls on Wall Street on Monday: Morgan Stanley initiates EHang Holdings as overweight Morgan Stanley said it's bullish on shares of the Asia autonomous aerial vehicle company. Morgan Stanley downgrades Victoria's Secret to underweight from equal weight Morgan Stanley said it sees "underappreciated downside" for the lingerie company. Citi downgrades Peloton to neutral from buy Citi said in its downgrade of the stock that it has "limited visibility." Morgan Stanley upgrades U.S. Steel to overweight from equal weight Morgan Stanley said in its upgrade of U.S. Steel that it likes the company's "transformational investments." Morgan Stanley reiterates Apple as overweight Morgan Stanley said it's sticking with its overweight rating on Apple after analyzing the company's quarterly 10-Q report.

Persons: Morgan Stanley, it's, Baird, Morgan Stanley downgrades, Wells, Bausch, Lomb, Apple, Johnson, MLCO, Moffett, Melius, inferencing, JPMorgan Organizations: EHang Holdings, EH, Deutsche Bank, Disney, Deutsche, Micron, Citi, Comerica, CMA, Steel, U.S . Steel, Apple, Services, UBS, JCI, Barclays, Resorts, Nvidia, Broadcom, AMD, Microsoft, JPMorgan, Group, Bank of America, Santander Brasil, of America Locations: Asia, U.S

☆ 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

☆ Black creators were instrumental in building TikTok. Now they fear they'll be hit the hardest by a ban.
▼ + stars: | 2024-05-01 | by ( Lindsay Dodgson | ) www.businessinsider.com time to read: +10 min

But largely, TikTok is a place Black creators found where they could thrive and reach new audiences and customers for their growing businesses. It wasn't that the content wasn't good, Ford said, it was that Instagram "just wasn't a place for Black creators, minority creators, to excel." Some Black creators suspected their Black Lives Matter content was suppressed in 2020 after George Floyd's death ignited a wave of protests. AdvertisementBlack TikTokers have also expressed an "undertone of anti-Blackness" in the platform's algorithm, where white creators benefited from the trends started by Black creators. AdvertisementThis is disheartening, Black creators told BI, because so many top trends and ideas come from their community.

Persons: —, Joe Biden, TikTok, Tenyse Williams, It's, Funmi Ford, Ford, Nya, I've, Étienne, Keith Lee, entrepreneurialism, Kahlil Dumas, Dumas, George Floyd's, Jalaiah Harmon, Black TikTokers, Williams, Imani Bashir, Bashir, We're, isn't Organizations: Service, Senate, Business, Consulting, University of Central, Columbia University, George Washington University, Pew Research Center, An, Free, Black, New York Times, Forbes, YouTube, BI Locations: University of Central Florida, Instagram, An Oxford, Atlanta

☆ Apple's iPad caught in EU's crosshairs as it clamps down on 'gatekeepers'
▼ + stars: | 2024-04-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

The European Commission said users are "locked in" to iPadOS and it's hard for them to switch. It comes as a part of a broader crackdown on "gatekeepers" and a market investigation into Apple. The DMA was designed to ensure fairness and healthy competition in the digital landscape and hold Big Tech "gatekeepers" accountable. In September, the EU Commission designated Alphabet, Amazon, Apple, ByteDance, Meta, and Microsoft gatekeepers. The EU said Monday that its iPadOS investigation found it has "features of a gatekeeper."

Persons: —, Apple's iPadOS, Margrethe Vestager, Apple didn't Organizations: EU, Digital, European Commission, Apple, Service, European, Big Tech, Business, EU Commission, Meta, Microsoft

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