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Europe is at the gates of Apple's walled garden [Yahoo! Finance Canada]
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Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
What does a diminished US tech giant look like? European regulators took a step closer to finding out, zeroing in on Apple and what they say are unfair restrictions in its App Store that stifle competition. The heightened enforcement highlights Apple's strategic predicament In a world saturated by high-end hardware — where customers are increasingly reluctant to surrender to endless smartphone upgrades — Apple's services business has become more important to the company. But by leaning more heavily into App Store commissions and subscriptions, Apple draws more scrutiny to its “walled garden” business approach. ADVERTISEMENT In preliminary findings, regulators in Brussels contended that Apple violated the Digital Markets Act, a law passed in 2022 designed to address anticompetitive behavior. The EU alleges Apple illegally blocked software developers from telling customers how to access content outside the App Store. The charges are the first to be brought under the European la
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