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Apple Inc. Common Stock Nasdaq Global Select
Open: $128.31 High: $130.23 Low: $127.13 Close: $130.05
Range: 2021-05-06 - 2021-05-07
Volume: 74,097,107
Market: Closed
Powered by Finage Stock APIDelayed data
Apple Inc. Common Stock 1 Infinite Loop Cupertino CA, 95014
Apple Inc is designs, manufactures and markets mobile communication and media devices and personal computers, and sells a variety of related software, services, accessories, networking solutions and third-party digital content and applications.
  • CEO: Timothy D. Cook
  • Employees: 123,000
  • Sector: Technology
  • Industry: Computer Hardware
Latest news about the AAPL
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  • Epic’s Interrogation of Apple App Store Witness Gets Rocky Start

    (Bloomberg) -- Epic Games Inc.’s first chance to put Apple Inc. on the defensive about its App Store at a high-stakes trial got off to a rocky start.Epic’s lawyers opened their questioning of App Store chief Matt Fischer by dredging up a five-year-old email that quoted a colleague saying “Matt feels extremely strong about not featuring our competitors on the App Store.” But the quote wasn’t presented in its full context and Fischer quickly dismissed it as a misrepresentation.Then the game maker was excoriated by the judge for blindsiding her about a cache of evidence exhibits that the company released publicly.Fischer is the first Apple employee to take the witness stand as Epic, the creator of Fortnite, tries to prove that the marketplace for apps that run on hundreds of millions of iPhones is operated like a monopoly. Trystan Kosmynka, a senior director at Apple in charge of the app review process, is set to be called to the stand later in the day.The trial in Oakland, California, comes as Apple faces a backlash -- with billions of dollars in revenue on the line -- from global regulators and some app developers who say its standard App Store fee of 30% and others policies are unjust and self-serving.How Apple’s App Store Sparked an Epic Trial: QuickTakeThe fight with Epic blew up in August when the game maker told customers it would replace Apple’s in-app purchase system with its own, circumventing Apple’s commissions from add-ons inside of Fortnite. Apple then removed the game, cutting off access for more than a billion customers.Apple, which vehemently denies abusing its market power, has called Epic’s legal gambit a “fundamental assault” on a business model that is beneficial to both developers and consumers.The statement that Fischer’s colleague made about him in a 2016 email was in relation to featuring Google and Amazon in Apple’s App Store page for accessible apps. The subject of the email was: “Competitor Apps in VoiceOver Collection.” The full sentence from which Epic pulled the quote was: “Although they may be our best and brightest apps, Matt feels extremely strong about not featuring our competitors on the App Store, so Tanya asked us to apply the same filters for this collection.”When Apple’s attorney asked Fischer to clarify the email, he said his colleague was misinformed.“We have promoted apps that are competitive to Apple apps,” Fischer testified. “We do this all the time.” Disney Plus and Hulu are examples of apps Apple has promoted despite having Apple TV+ service, Fischer said.Apple’s lawyer also neutralized Epic’s attempt to pin certain security and privacy problems on Fischer by pointing out that they weren’t part of his duties managing the App Store.Epic also managed to get cross-ways with U.S. District Judge Yvonne Gonzalez Rogers for putting documents online for public viewing without giving her an explanation.“All these things are being published, they’re out there,” Gonzalez Rogers said. “Non lawyers don’t understand the difference between something being admitted for the truth versus being admitted for some other purpose like notice so I want to nail that down.”Some of the documents that were uploaded to a publicly accessible account account disappeared shortly after the judge’s remarks.The courtroom has limited public seating due to pandemic-related restrictions, but the court has set up audio feeds for the public and media.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Apple vs. Epic: Why cloud gaming became a hot topic at landmark antitrust trial

    As the trial concludes its first week on Thursday, a major crux of Epic's case is that App Store has restrictions that aren’t tenable for some developers, creating a lopsided competitive landscape for Apple Arcade, a videogame subscription service available on iOS.

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  • 4 Dow Jones Stocks To Buy And Watch In May 2021: Apple, Microsoft Rally

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  • Google Will Make Android Apps Tell Users About Data Collection

    (Bloomberg) -- Google said it will create a new safety section in its Play mobile-app store that will let Android smartphone users see what data developers collect about them and share, plus give access to additional privacy and security information.Android app developers have until the second quarter of 2022 to declare this information, the Alphabet Inc. unit said Thursday in a blog post. Users will begin seeing the safety section in Google Play sometime in the first three months of 2022.The transparency push echoes rival Apple Inc.’s decision in 2020 to compel app-makers to disclose what information they gather, and what they do with it. Apple’s latest mobile software update, iOS 14.5, includes an App Tracking Transparency feature, which requires users to opt in to being tracked by apps for personalized advertising. Developers expect to lose revenue from this change because most consumers won’t agree to have their data collected.Google, which itself is dependent on advertising revenue, has taken a more measured approach. The internet search giant is discussing how it can limit data collection and cross-app tracking on the Android operating system in a way that is less stringent than Apple’s solution, Bloomberg has reported.The Google Play safety section will also tell users if an app encrypts data, if it follows Google’s policies for families and children, whether users have a choice in sharing information, and whether users can request data deletion if they uninstall an app.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Apple Just Crushed Earnings: 3 Things Investors Need to Know

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  • 1 Lesson Investors Can Learn From These 2 Warren Buffett Stocks

    It's easy to look at a company like Amazon (NASDAQ: AMZN) or Apple (NASDAQ: AAPL) and assume it's too late to invest, or that these "big tech" companies are too big to beat the market. Sure, big companies tend to grow more slowly, but Amazon and Apple have outperformed the S&P 500 over the last one, five, and ten years. Notably, Warren Buffett owns both of these tech stocks, and he certainly wasn't an early investor in either case.

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