DIRS.INFO The most relevant business & tech news

☆ Foxconn faces tax audit, land use probe - Chinese state media
▼ + stars: | 2023-10-22 | by ( ) www.reuters.com time to read: +1 min

A woman drives past the logo of Foxconn outside the company's building in Taipei, Taiwan November 9, 2022. REUTERS/Ann Wang/File Photo Acquire Licensing RightsBEIJING, Oct 22 (Reuters) - Foxconn Technology Group (2317.TW), Apple Inc's (AAPL.O) largest supplier of iPhones, has been subjected to tax audits at some of its key subsidiaries, suspected of violating laws and regulations, Chinese state media reported on Sunday. China's natural resources department also conducted on-site investigations on the land use of enterprises of Foxconn in Henan, Hubei provinces and other places, according to the exclusive report in the nationalist tabloid, the Global Times. It did not elaborate on the investigations or the timing of them. Foxconn did not immediately respond for comment outside of regular business hours.

Persons: Ann Wang, Foxconn, Zhang Wensheng, Zhang, Ethan Wang, Bernard Orr, Lincoln Organizations: REUTERS, Rights, Foxconn Technology, Apple, Global Times, Taiwan Research Institute, Xiamen University, Thomson Locations: Taipei, Taiwan, Rights BEIJING, Foxconn, Henan, Hubei

☆ TSMC Q3 profit falls 24.9%, beats expectations
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

A smartphone with a displayed TSMC (Taiwan Semiconductor Manufacturing Company) logo is placed on a computer motherboard in this illustration taken March 6, 2023. The forecast-beating results by the world's most advanced chipmaker follows better-than-expected quarterly profit from rival Samsung Electronics (005930.KS) earlier this month. Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , the world's largest contract chipmaker and a major Apple Inc (AAPL.O) supplier, saw July-September net profit fall to T$211 billion from T$280.9 billion a year earlier. The profit beat a T$195.5 billion LSEG SmartEstimate, which is weighted toward forecasts from analysts who are more consistently accurate. Capital expenditure in the third quarter was $7.1 billion, TSMC said, compared with $8.17 billion in the previous quarter.

Persons: Dado Ruvic, TSMC, TW, Sarah Wu, Yimou Lee, Jacqueline Wong Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Samsung Electronics, Taiwan Semiconductor Manufacturing Co, Apple Inc, Thomson Locations: TAIPEI, U.S, China, Taipei

☆ Top Apple analyst says MacBook demand has fallen 'significantly'
▼ + stars: | 2023-10-18 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Tim Cook, chief executive officer of Apple Inc., during an event at Apple Park campus in Cupertino, California, US, on Tuesday, Sept. 12, 2023. Top Apple analyst Ming-Chi Kuo said Wednesday that shipments for the company's MacBook computers will decline around 30% year over year, to 17 million units, during 2023. He said demand for the new 15-inch MacBook Air has slipped "significantly" in the wake of the back-to-school shopping period, and that MacBook shipments during Apple's fourth quarter will be lower than they have been in years past. Apple's fourth quarter has historically been important for the company as consumers purchase devices as part of their holiday shopping. He said shipments of the 15-inch MacBook Air are projected to be down more than 20% this year.

Persons: Tim Cook, Ming, Chi Kuo, Apple's, Kuo Organizations: Apple Inc, Apple, Top Apple Locations: Cupertino , California

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTAIPEI, Oct 13 (Reuters) - Taiwan's TSMC (2330.TW) said on Friday it expects to receive permission from the United States to supply its China plant with U.S. chipmaking tools indefinitely, in an easing of Washington's restrictions on foreign chipmakers operating in China. "We expect to receive a permanent authorization through the VEU process," TSMC said, noting that it did not previously need to apply for VEU status. Taiwan Economy Minister Wang Mei-hua said earlier on Friday that TSMC has received the waiver from the United States to supply U.S. equipment to the company's factory in China. However, the United States is continuing efforts to cut China off from top AI technology and plug gaps in export controls. The United States last year shook relations with Beijing when it unveiled new restrictions on shipments of AI chips and chipmaking tools to China, seeking to thwart its military advances.

Persons: Dado Ruvic, TSMC, Wang Mei, Biden, chipmaker, Sarah Wu, Ben Blanchard, Sonali Paul, Muralikumar Anantharaman, Simon Cameron, Moore Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, The U.S . Department of Commerce's, of Industry and Security, Reuters, Taiwan, Samsung Electronics, SK Hynix, Apple Inc, United, TSMC's, Thomson Locations: Rights TAIPEI, United States, China, The, KS, Nanjing, Beijing, TSMC's Taipei

A woman holds her smart phone which displays the Google home page, in this picture illustration taken February 24, 2016. Google's James Kolotouros, who negotiated search distribution agreements with Android device makers and carriers, testified the agreements gave Google search exclusivity, and Google monitored compliance with them. Advertisers are not told their LTV, and Google uses "tunings" to adjust the price of ads, he said. Google's vice president and general manager of ads, Jerry Dischler, acknowledged that Google earned more than $100 billion in 2020 from search ads. Apple's (AAPL.O) senior vice president of services Eddie Cue praised Google's search and acknowledged under questioning that the smartphone maker had meetings with Microsoft and DuckDuckGo, which uses Bing searches, but found them inadequate.

Persons: Eric Gaillard, Google's James Kolotouros, Adam Juda, Joshua Lowcock, Jerry Dischler, Satya Nadella, Eddie Cue, Bing, John Schmidtlein, Google's, Diane Bartz, Marguerita Choy Organizations: REUTERS, U.S, Google, Department, GOOGLE, Verizon, Samsung, LTV, UM Worldwide, Microsoft, Apple, Nokia, Bing, Thomson Locations: WASHINGTON

A woman holds her smart phone which displays the Google home page, in this picture illustration taken February 24, 2016. Google's vice president and general manager of ads, Jerry Dischler, acknowledged that Google earned more than $100 billion in 2020 from search ads. GOOGLE'S DEFENSE NO. GOOGLE'S DEFENSE NO. GOOGLE DEFENSE NO.

Persons: Eric Gaillard, Sundar Pichai, Kevin Murphy, Apple, Joshua Lowcock, Jerry Dischler, Eddie Cue, Bing, John Schmidtlein, Google's, Jennifer Fitzpatrick, Diane Bartz, Marguerita Choy Organizations: REUTERS, U.S, Google, Justice Department, Verizon, Samsung, University of Chicago Booth School of Business, Microsoft, UM Worldwide, Nokia, Bing, GOOGLE, Core Systems, Thomson Locations: WASHINGTON

☆ Russian court rejects Apple appeal against abuse of dominant market position - RIA
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +1 min

An Apple logo hangs above the entrance to the Apple store on 5th Avenue in the Manhattan borough of New York City, July 21, 2015. REUTERS/Mike Segar/File Photo Acquire Licensing RightsCompaniesLaw Firms Apple Inc FollowOct 3 (Reuters) - A Russian court rejected Apple's (AAPL.O) appeal against the alleged abuse of its dominant market position in terms of in-app payments, for which it was fined 1.2 billion roubles ($12.1 million) in January, the RIA news agency reported on Tuesday. Russia's federal anti-monopoly service (FAS) fined Apple in January over what it said was the U.S. company's abuse of its dominant market position. In a statement, the regulator said it had previously found that Apple forced Russian developers to use Apple's payment services with the iOS App Store, in violation of Russia's competition rules. The FAS's decision entered legal force in May after it was approved by a Moscow court, RIA reported.

Persons: Mike Segar, Apple's, Apple, Mark Trevelyan Organizations: Apple, REUTERS, FAS, Reuters, Thomson Locations: Manhattan, New York City, federal, U.S, Russian, Moscow

[1/2] The Microsoft logo is seen at the Microsoft store in New York City, July 28, 2015. REBUFFED BY APPLENadella also testified that Microsoft had sought to make its Bing search engine the default on Apple (AAPL.O) smartphones but was rebuffed. On laptops, most of which use Microsoft operating systems, Bing is the default search engine and has a market share below 20%, Nadella acknowledged. Nadella became CEO of Microsoft in 2014, long after the tech giant faced its own federal antitrust lawsuit. As Google, which was founded in 1998, became an industry leading search engine, the two became bitter rivals.

Persons: Mike Segar, Satya Nadella, Nadella, U.S . Justice Department's, APPLE Nadella, John Schmidtlein, Google's, Schmidtlein, Bing, Amit Mehta, Diane Bartz, Christina Fincher, Deepa Babington Organizations: Microsoft, REUTERS, Google, U.S . Justice, Apple, APPLE, Bing, Verizon, BlackBerry, Nokia, District of Columbia, Thomson Locations: New York City, WASHINGTON, U.S, Bing, OpenAI

Nadella was dismissing an argument that Google has made - that it is easy to change defaults on devices. He said that Microsoft, itself a tech powerhouse, had sought to make its Bing search engine the default on Apple (AAPL.O) smartphones but was rebuffed. The clout in search makes Google a heavy hitter in the lucrative advertising market, boosting its profits. "You get up in the morning and you brush your teeth and you search on Google," he added in a reference to Google's dominance in search. As Google, which was founded in 1998, became an industry leading search engine, the two became bitter rivals.

Persons: Mike Segar, Satya Nadella, U.S . Justice Department's, Nadella, Amit Mehta, Bing, Diane Bartz, Christina Fincher, Deepa Babington Organizations: Microsoft, REUTERS, U.S ., Google, Apple, District of Columbia, Thomson Locations: New York City, WASHINGTON, U.S, OpenAI

☆ Dutch regulator rejects Apple’s objections against fines
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +1 min

A man holds a bag with a new iPhone inside as Apple's new iPhone 15 officially goes on sale across China, next to an Apple Store, in Shanghai, China September 22, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsCompanies Apple Inc FollowAMSTERDAM, Oct 2 (Reuters) - Dutch competition watchdog ACM on Monday said it had rejected objections by Apple (AAPL.O) against fines of 50 million euros ($52.9 million) it had given the company over failure to comply with regulations aimed at limiting the dominant position of Apple's App Store. The ACM said Apple had by now complied with most of its demands to open its App Store to alternative forms of payment for dating apps in the Netherlands, but had not met an undisclosed third element of the conditions related to the fines. ($1 = 0.9454 euros)Reporting by Bart Meijer, Editing by Louise HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Aly, Bart Meijer, Louise Heavens Organizations: Apple, REUTERS, Apple Inc, ACM, Thomson Locations: China, Shanghai, Netherlands

☆ Traders wary of volatility as JP Morgan fund's big options trade looms
▼ + stars: | 2023-09-28 | by ( Saqib Iqbal Ahmed | ) www.reuters.com time to read: +3 min

The fund's sheer size means its options reset can rack up a massive surge in trading volume in S&P 500 options and set off related hedging activity that can aggravate market moves. How the fund's rebalancing could end up affecting the whole market has to do with market makers - typically big financial institutions that facilitate trading but seek to remain market-neutral. As things stand, with the S&P 500 trading around the 4,290 level, market makers are short about 40,000 September 29 S&P 500 options at the 4,210 strike. Market makers who have sold these put options must sell stock futures to minimize their own risk, as the market drifts closer to the strike price of the sold options. "As we move lower, market makers need to sell and as we move higher market makers need to buy it back," Murphy said.

Persons: Brendan McDermid, Morgan, Chris Murphy, Murphy, Brent Kochuba, Saqib Iqbal Ahmed, Megan Davies, Nick Zieminski Organizations: New York Stock Exchange, REUTERS, JPMorgan Hedged Equity, Apple Inc, Microsoft Corp, Amazon.com Inc, Treasury, Susquehanna Financial Group, Traders, Thomson Locations: New York City, U.S

REUTERS/Yves Herman/File Photo Acquire Licensing RightsSept 27 (Reuters) - Apple (AAPL.O) was ordered on Wednesday to face a private antitrust lawsuit by payment card issuers accusing the company of thwarting competition for its Apple Pay mobile wallet. The proposed class action is led by Illinois' Consumers Co-op Credit Union, and Iowa's Affinity Credit Union and GreenState Credit Union. According to the complaint, Apple's conduct forces more than 4,000 banks and credit unions that use Apple Pay to pay at least $1 billion of excess fees, and harms consumers by minimizing the incentive to make Apple Pay safer and easier to use. White said the plaintiffs plausibly alleged that Apple allow alternatives to Apple Pay, and that more competition would spur innovation and reduce prices. The case is Affinity Credit Union et al v Apple Inc, U.S. District Court, Northern District of California, No.

Persons: Yves Herman, Jeffrey White, Steve Berman, White, Apple, Jonathan Stempel, Mike Scarcella, David Gregorio Our Organizations: Apple, REUTERS, Illinois, Consumers, Credit Union, Iowa's Affinity Credit Union, GreenState Credit Union, Google, Samsung, Apple Pay, Affinity Credit, Apple Inc, Court, Northern District of, Thomson Locations: Brussels, Belgium, Oakland , California, Cupertino , California, Northern District, Northern District of California, New York

Qualcomm has denied any wrongdoing and had asked the judge to reject the consumers' claims. The consumers' case was in Corley's court following a 9th Circuit ruling in 2021 that struck down an order certifying a nationwide consumer class action. In January, Corley dismissed core antitrust elements of the plaintiffs' claims but let the case move forward. The consumers' lawyers told Corley that "Qualcomm turns a blind eye to the massive evidentiary record" backing the consumers' allegations of exclusive dealing. The case is In re: Qualcomm Antitrust Litigation, U.S. District Court, Northern District of California, No.

Persons: Dado Ruvic, Jacqueline Scott Corley, Corley, Joseph Cotchett, Kalpana Srinivasan, Susman Godfrey, Robert Van, Van, Gary Bornstein, Richard Taffet, Morgan, Lewis, Bockius Read, Mike Scarcella, Leigh Jones Organizations: Qualcomm, REUTERS, Tuesday, U.S, Apple, U.S . Federal, Circuit, Qualcomm Antitrust Litigation, Court, Northern District of, McCarthy, Thomson Locations: California, San Francisco, San Diego, Northern District, Northern District of California, Cotchett, Pitre, U.S

☆ JPMorgan sees India in its top 3 fastest-growing Asia markets in 2024
▼ + stars: | 2023-09-26 | by ( Ira Dugal | ) www.reuters.com time to read: +3 min

MUMBAI, Sept 26 (Reuters) - India could be among the three fastest growing markets for JPMorgan in the Asia Pacific region next year, alongside Australia and Japan, said a top official at the Wall Street bank. Global corporations like Apple Inc have stepped up production out of India while others like Tesla are in discussions to begin manufacturing in the country. "But the level at which enquiry and activity is picking up in India in substantial," Gori said. JPMorgan has expanded its investment banking team in India, adding two senior managing directors in the last 12 months. "I think we need to distinguish between the headlines and the day to day business because China has actually been exceptionally resilient."

Persons: Filippo Gori, Tesla, Gori, Ira Dugal, Mark Potter Organizations: JPMorgan, Asia Pacific, Reuters, Apple Inc, Thomson Locations: MUMBAI, India, Asia, Australia, Japan, China, Mumbai, Gori

An Apple logo is pictured outside an Apple store in Lille, France, September 13, 2023. REUTERS/Stephanie Lecocq/File Photo Acquire Licensing RightsCompanies Apple Inc FollowBRUSSELS, Sept 26 (Reuters) - EU industry chief Thierry Breton on Tuesday called on Apple (AAPL.O) CEO Tim Cook to open up the iPhone maker's fiercely guarded ecosystem of hardware and software to rivals. "The next job for Apple and other Big Tech, under the DMA (Digital Markets Act) is to open up its gates to competitors," Breton told Reuters. "Be it the electronic wallet, browsers or app stores, consumers using an Apple iPhone should be able to benefit from competitive services by a range of providers," he said. Breton also took aim at Apple's arguments that security and privacy issues are the reasons why it has a closed ecosystem.

Persons: Stephanie Lecocq, Thierry Breton, Tim Cook, Cook, Breton, Foo Yun, Mark Potter Organizations: Apple, REUTERS, Apple Inc, Big Tech, Reuters, Thomson Locations: Lille, France, Brussels, EU

☆ US stocks close at lowest since June, Treasury yields spike on hawkish Fed
▼ + stars: | 2023-09-21 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. Interest rate-sensitive megacaps, led by Amazon.com (AMZN.O), Nvidia Corp (NVDA.O), Apple Inc (AAPL.O) and Alphabet Inc (GOOGL.O) dragged the S&P 500 and the Nasdaq to their lowest closing levels since June. "It gives people another chance to say that the lag time of higher rates – which we're just starting to feel – might really bite." All 11 major sectors of the S&P 500 lost nearly 1% or more, with real estate stocks (.SPLRCR) suffering its biggest one-day percentage drop since March. The S&P 500 posted three new 52-week highs and 29 new lows; the Nasdaq Composite recorded 22 new highs and 373 new lows.

Persons: Brendan McDermid, Jerome Powell, dampening, Thomas Martin, we're, –, Martin, Rupert Murdoch, Stephen Culp, Ankika Biswas, Shristi, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, FedEx, Broadcom, Google, Dow, Nasdaq, Treasury, Amazon.com, Nvidia Corp, Apple Inc, Inc, UAW, Dow Jones, . Semiconductor, SOX, Klaviyo Inc, Arm Holdings, Fox Corp, News Corp, NYSE, Thomson Locations: New York City, U.S, Atlanta, Philadelphia, New York, Bengaluru

☆ Apple's Chinese supplier Luxshare's production of some iPhone 15s doubled in a year
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Ann Wang/File Photo Acquire Licensing RightsBEIJING, Sept 21 (Reuters) - Apple Inc's (AAPL.O) Chinese supplier Luxshare Precision Industry (002475.SZ) is producing three models of iPhone 15 series this year, and the business has doubled in a year, Luxshare's chairwoman said on Thursday. Luxshare has increased the production types and numbers of Apple's iPhone products in recent years, Wang added. "Luxshare is continuing to expand its production capacity in China to meet Apple's needs," Wang said, adding the company built a new plant in Kunshan last year to support the development and mass production of iPhone. "The fact that Luxshare Precision can have this scale this year is inseparable from Apple's support," Wang told the Paper. Founded in 2004, Luxshare became an Apple supplier in 2011 and has steadily moved up the hardware giant's value chain, from making connector cables for the iPhone and Macbook to manufacturing Airpods.

Persons: Ann Wang, Wang Laichun, Wang, Luxshare, Ella Cao, Meg Shen, Jane Merriman Organizations: Apple, REUTERS, Rights, Luxshare Precision Industry, Apple Vision, Thomson Locations: Taipei, Taiwan, Rights BEIJING, China, Kunshan, Beijing, Hong Kong

☆ Wall Street closes lower after Fed holds rates steady, warns of higher for longer
▼ + stars: | 2023-09-20 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 11, 2023. The SEP projections also called for 50 basis points of rate cuts next year. "It’s your standard Fed day volatility," said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska. Among the 11 major sectors of the S&P 500, interest rate sensitive communication services (.SPLRCL) and technology (.SPLRCT) suffered the largest percentage losses. The S&P 500 posted 14 new 52-week highs and 6 new lows; the Nasdaq Composite recorded 39 new highs and 246 new lows.

Persons: Brendan McDermid, Ryan Detrick, Detrick, Jerome Powell, Maplebear, Stephen Culp, David Gregorio Our Organizations: New York Stock Exchange, REUTERS, Dow, Nasdaq, U.S . Federal Reserve, Microsoft Corp, Apple Inc, Nvidia Corp, Carson Group, Fed, Dow Jones, Arm Holdings, Maplebear Inc, Holdings, Coty, NYSE, Thomson Locations: New York City, U.S, Omaha , Nebraska

☆ California governor says he will sign climate bill on companies and carbon footprints
▼ + stars: | 2023-09-18 | by ( Isla Binnie | ) www.reuters.com time to read: +2 min

[1/2] Aerial view of highway 101 and San Francisco's skyline in San Francisco, California, U.S., October 28, 2021. The State senate approved the bill mandating greenhouse gas emissions disclosure last week, leaving Newsom with the final say. Asked at the start of "Climate Week" in New York, a week of events coinciding with the U.N. General Assembly, whether he would sign the bill, Newsom replied: "Of course I will sign that bill." Multinational companies including Apple (AAPL.O) and Microsoft (MSFT.O) have voiced support for the bill, but the California Chamber of Commerce said it would increase costs and paperwork for firms. Last week, California sued major oil companies, alleging they had played down the risks posed by fossil fuels.

Persons: Carlos Barriaof, Gavin Newsom, Newsom, Isla Binnie, Diane Craft Organizations: REUTERS, Microsoft Corp, General Assembly, Securities, Exchange Commission, Apple, Microsoft, California Chamber, Commerce, Thomson Locations: Francisco's, San Francisco , California, U.S, California, New York

The unveiling of Apple's iPhone 15 attracted intense discussion online on Wednesday, as new models have done in the past. Topics discussing the new launch attracted 380 million views on social media platform Weibo, with more than 800,000 discussions, including posts, comments and likes, on the iPhone 15. A survey by Chinese news portal Sina on the social media platform asking participants if they would buy the Mate 60 or iPhone 15 saw 61,000 votes for the Huawei device versus 24,000 for the iPhone 15. "Before Huawei's surprise launch, we projected Apple's sales in China Q3 and Q4 to be flat or slightly weaker than last year." "Sales (of the iPhone 15) are not going to be easy, especially since Chinese consumers are either being cautious in spending or shifted their focus to leisure or travel," he added.

Persons: Thomas Peter, Archie Zhang, Will Wong, Yelin, Brenda Goh, Josh Ye, Jacqueline Wong Organizations: Apple, REUTERS, Rights, U.S, Huawei Technologies, Huawei, HK, Weibo, Sina, IDC, Thomson Locations: Beijing, China, Rights BEIJING, Alibaba's, U.S, Yelin Mo, Shanghai, Hong Kong

☆ China says it hasn't issued any ban on iPhones
▼ + stars: | 2023-09-13 | by ( Mengchen Zhang | ) edition.cnn.com time to read: +1 min

Beijing CNN —China hasn’t issued any laws or rules to ban the use of iPhones or any other foreign phone brand, a Chinese government spokesperson said on Wednesday. Bloomberg/Getty ImagesLast week, The Wall Street Journal reported that China had banned the use of iPhones by central government officials, citing unnamed people familiar with the matter. China is the largest foreign market for the company’s products, and Chinese sales represented about a fifth of the company’s total revenue last year. The company doesn’t disclose iPhone sales by country, but analysts at research firm TechInsights estimate that there were more iPhone sales in China than in the United States last quarter. Apple also produces the majority of its iPhones in Chinese factories.

Persons: China hasn’t, “, Mao Ning, ” Mao, Apple hasn’t Organizations: Beijing CNN, ” Ministry of Foreign, Apple Inc, Bloomberg, Getty, Street Journal, Apple Locations: Beijing, China, United States

☆ Apple cuts prices for iPhone 14 series in China -website
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: 1 min

A man holds an iPhone 14 as Apple Inc's new models go on sale at an Apple store in Beijing, China, September 16, 2022. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsBEIJING, Sept 13 (Reuters) - Apple (AAPL.O) has lowered the prices for its iPhone 14 series in China following the launch of the iPhone 15 lineup, according to its website on Wednesday. Prices for the 128 gigabyte version of iPhone 14 was cut by 600 yuan to 5,399 yuan ($740.50), while the iPhone 14 Plus is selling at 5,999 yuan, down from 6,999 yuan at launch, the website showed. ($1 = 7.2910 yuan)Reporting by Liz Lee and Ethan Wang;Our Standards: The Thomson Reuters Trust Principles.

Persons: Thomas Peter, Liz Lee, Ethan Wang Organizations: Apple, REUTERS, Rights, Thomson Locations: Beijing, China, Rights BEIJING

Consumers, Google's lawyers will argue, can delete the Google app from their devices or simply type Microsoft's Bing, Yahoo or DuckDuckGo into a browser to use an alternative search engine. They will argue that consumers stick with Google because they rely on it to answer questions and are not disappointed. In the first, Judge Amit Mehta will decide if Google has broken antitrust law in how it manages search and search advertising. If Google is found to have broken the law, Judge Mehta will then decide how best to resolve it. He may decide simply to order Google to stop practices he has found to be illegal or he may order Google to sell assets.

Persons: Bing, Amit Mehta, Judge Mehta, Diane Bartz, Jamie Freed Organizations: Google, The U.S . Justice, Apple Inc, Mozilla, Yahoo, Big Tech, Microsoft, Thomson Locations: United States, Washington, The

☆ Here's how Apple stock typically performs around its annual launch event
▼ + stars: | 2023-09-12 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

Shares of Club holding Apple (AAPL) stabilized Monday, a day before the tech giant's annual September product-launch event. Prior to reports that Beijing is moving to ban government employees from using iPhones and other foreign-branded devices at work, things had been looking up for Apple's stock. Historically, the run-up to the iPhone maker's annual product event — set to be held on Tuesday — has been bullish for shares. Looking at historical data since 2016 from the 10 trading sessions before the annual product event and then through year-end, here's how Apple has performed each year. Apple's historical performance Apple traded flat in 2016 leading up to the media event, when the company announced the iPhone 7 and 7 Plus.

Persons: Wall, —, That's, Apple, Tim Cook, Goldman Sachs, China's, Jim Cramer, Jim Cramer's, Jim, Josh Edelson Organizations: Apple, Apple Inc, Wedbush Securities, CNBC, Apple's Worldwide, AFP, Getty Locations: China, Beijing, AAPL, Apple's, Cupertino , California

Leon Neal/AFP/Getty Images2008: iPhone 3G, meet the App StoreWith the second version of the iPhone, Apple introduces the App Store and 3G connectivity. Stephen Lam/Reuters2016: iPhone SE, a budget optionTaking a step back, the iPhone SE is a cheaper, smaller device than the 6S, giving customers a chance to enjoy Apple’s phones at a much lower cost. People handle the new Apple iPhone XS and iPhone XS Max during a media tour at an Apple office in Shanghai, China, on September 21, 2018. Brendon Thorne/Bloomberg/Getty Images2020: iPhone 12 Mini, small but mightyThe iPhone 12 mini is smaller than the usual iPhone but packs a powerful punch. Mike Segar/Reuters2021: iPhone 13 Series, same price for more spaceThe iPhone 13 stays at the same price as the iPhone 12 with double the storage space, as well as featuring a much smaller top notch.

Persons: Steve Jobs, John Green, ” Jobs, Leon Neal, Justin Sullivan, Siri, FaceTime, “, ”, Jobs, Michael Nagle, Apple, Seth K, Hughes, Akio Kon, David Gray, Tim Cook, Josh Edelson, Stephen Lam, David Paul Morris, Phil Schiller, Aly Song, Max, Jason Lee, Pro Max, Phil Barker, Brendon Thorne, Mike Segar, Gabby Jones, Andrew Kelly Organizations: New, New York CNN, Apple, Macworld, Bay Area, Getty, Lightning, Bloomberg, Apple Inc, Worldwide, Steve Jobs, Steve, Pro, Future Publishing Locations: New York, San Francisco, London, AFP, San Francisco , California, New York City, Cupertino , California, Ginza, Tokyo, Japan, Sydney, Shanghai, China, Beijing, Australia, Manhattan , New York

Search resuls for: "Apple Inc"

25 mentions found