EU Wants Court to Overturn $15.7 Billion Tax Ruling Relief on Apple
EU antitrust officers say the court erred when it scrapped their order for Apple to pay 13 billion euros or $15.7 billion in Irish taxes, according to Reuters. The General…
Apple Announces Q1 Results, EPS Hits a New All-Time Record Growth
Apple’s revenue for the first quarter of 2021 rose 21% to an all-time record of $111.4 billion, according to the company’s press release. The quarterly earnings per diluted share were…
U.S. Tech Giants Targeted in Hefty EU Fines over Monopoly
Amazon, Apple, Facebook, and Google face hefty fines of between 6-10% under a draft EU law that seeks to curb their power in data and online platforms, reports Reuters. The…
Apple Plans 30% Boost in iPhone Production for First Half of Next Year
Apple plans to produce about 96 million iPhones for the first half of 2021, a 30% year-on-year increase, according to NIKKEI Asia. The company is also planning an aggressive production…
Apple Sends Teams to iPhone Factory in India after Weekend Protests
Apple has dispatched teams to investigate if its Taiwanese contractor Wistron Corporation flouted supplier guidelines at an iPhone manufacturing facility near the Indian city of Bangalore, reports SCMP. The move…
Apple and Google Reportedly Ban X-Mode from Collecting User’s Location Data
Apple and Google have banned X-Mode Social, a major data broker, from collecting location data from users whose phones run iOS and Android, reports Business Insider Africa. The move comes…
AWS Launches EC2 Computing Instances Running on Apple’s MacOS
Amazon Web Services is drawing on Apple’s Mac Mini computers, featuring Intel Core i7 chips to deliver EC2 virtual-computing instances with MacOS, according to CNBC. The instances run on bare…
Apple, Amazon, Facebook, and Google Record Earnings Increases despite Scrutiny Issues
Apple, Amazon, Facebook, and Google posted combined revenues of $220.28 billion, up from $200 billion revenues last quarter, MarketWatch reports. The Big Four, which make up about one-fifth of the…
End of Google Dominance? Apple is Launching Own Search Engine, Report Reveals
Apple is ramping its search engine, a move likely to threaten Google's dominance, according to Financial Times. The development comes as Google faces intense scrutiny by the antitrust authorities for…
GOP Member Says House Panel to Seek Breakup of Tech Giants
Sweeping reforms proposed by a house panel led by Democrats seek to block tech giants such as Apple inc. and Amazon.com inc. from selling their own products and owning marketplaces,…