Apple, Google owe whopping tax bills due to EU’s crackdown on Big Tech
Michael Lee, founder of Michael Lee Strategy, analyzes Nvidia's stock valuation and the market impact of the EU antitrust fine. Apple and Google each suffered defeats on Tuesday in their defense against European Union efforts to curb the dominance of big tech companies. The European Court of Justice, the European Union's highest court, sided with […]
Ireland now needs to decide what it will do with 13 billion euros in back taxes from Apple – CNBC
Shoppers on Wicklow Street in Dublin, Ireland, Thursday, March 28, 2024. Bloomberg | Bloomberg | Getty Images A landmark ruling by the European Union's highest court means Ireland will receive 13 billion euros ($14.4 billion) in unpaid taxes from Apple, a windfall that Dublin has fought for years to avoid. That puts the small EU […]
Apple rival Huawei debuts tri-fold smartphone Mate XT
China's Huawei Technologies Co. unveiled a $2,800 tri-fold phone on Tuesday, aiming to widen its lead in the world's biggest smartphone market and steal attention from Apple Inc. just hours after it unveiled a new iPhone. The Chinese tech giant unveiled the new Mate XT, which can fold in three ways like an accordion screen […]
Goldman Sachs still working to exit Apple Card partnership as consumer losses top $6 billion – 9to5Mac
Goldman Sachs is still considering exiting its partnership with Apple as losses continue to mount, a new report details. from The Wall Street JournalGoldman Sachs will lose $400 million this quarter due to a slowdown in its consumer business. Speaking at a conference this week, Goldman Sachs CEO David Solomon said the $400 loss was […]
EU court orders Apple to pay $14.4 billion in back taxes to Ireland
The iPhone maker must pay $14.4 billion in back taxes to the Irish government after the European Union's top court rejected the company's appeal against a landmark 2016 ruling, which CEO Tim Cook denounced at the time as “total political nonsense.” The European Court of Justice in Luxembourg on Tuesday upheld a European Commission decision […]
Apple details Apple Watch Series 10 and its features
“The Claman Countdown” panelists Phil Libin and Daniel Flax react to Apple Intelligence's launch of Apple's new phone. Apple's next smartwatch is expected to have a larger display and several new features. The Apple Watch Series 10, unveiled during its “Glowtime” event, will feature “up to 30 percent more active screen area” than the Series […]
Apple adding AI features to iPhone, other products
Consumer technology expert Katie Linendoll talks about Apple's new iPhone 16 on Cavuto: Coast to Coast. Apple has announced that it will be introducing several artificial intelligence-powered features to its product lineup starting next month, using AI software called Apple Intelligence. Apple Intelligence uses generative AI to create text, images and other content based on […]
Parents pressure Apple to improve App Store safety for kids ahead of iPhone 16 launch
As Apple prepares to unveil its AI-powered iPhone, concerned parents and online safety advocates are calling on CEO Tim Cook to do more to protect kids from dangerous content on the App Store, The Washington Post has learned. In a petition organized by advocacy groups Parents Together and HEAT Initiative, more than 7,800 parents, guardians, […]
Apple threatened to move Will Smith movie over app store bill
Apple reportedly succeeded in blocking a Louisiana bill that would have required iPhone makers to allow developers selling apps on its app store to use alternative payment systems, by threatening to shut down a Will Smith movie production in the state. In 2021, Bayou State lawmakers were eager to approve a bill that would allow […]
Apple in Talks to Invest in OpenAI as Part of Multibillion-Dollar Funding Round
Apple is in talks to invest in artificial intelligence startup OpenAI, joining a funding round that could value the company at more than $100 billion. of The Wall Street Journal Reports Apple is reportedly in talks to invest in OpenAI, the artificial intelligence startup behind the popular ChatGPT language model, as part of a new […]