Tag: Apple Inc.

BusinessPolicyTechnology

Chinese Consumers Challenge Apple’s App Store Dominance in Antitrust Petition

A group of fifty-five Chinese iPhone and iPad users has formally accused Apple of monopolistic practices through its App Store policies. The complaint filed with China’s market regulator challenges Apple’s exclusive control over app distribution and payment processing in the country.

Chinese Consumers File Landmark Complaint Against Apple

Fifty-five iPhone and iPad users in China have jointly filed an antitrust complaint with the country’s market regulator, accusing Apple of abusing its dominant market position through restrictive App Store policies, according to reports from Reuters and Sina. The group, represented by legal counsel, submitted their petition last week to the State Administration for Market Regulation (SAMR), urging officials to launch a formal investigation into what they characterize as monopolistic practices.

by Marcus Linfield
BusinessTechnology

Apple Overtakes Microsoft in Market Value Following Strong iPhone 17 Sales

Apple has reclaimed the position as the world’s second-most valuable company after a stock rally pushed its market capitalization above Microsoft’s. The surge comes amid reports of strong initial sales for the iPhone 17, particularly in key markets like China and the United States.

Market Cap Milestone

Apple has reportedly overtaken Microsoft as the world’s second-most valuable company by market capitalization, according to recent financial data. Sources indicate Apple’s valuation reached approximately $3.9 trillion as of Monday afternoon, edging past Microsoft‘s $3.8 trillion valuation. Only Nvidia, with a $4.4 trillion market cap, currently ranks higher among publicly traded companies.

by Darren Holt