Apple will face its biggest antitrust challenge yet, with the Department of Justice (DOJ) targeting the tech giant’s alleged control of the smartphone market. Apple faced a high-profile antitrust challenge from video game company Epic Games a few years ago over the company’s app store rules, and the tech giant mostly prevailed in the fight.… Read More »
The Department of Justice’s antitrust lawsuit against Apple (AAPL) could have significant consequences for the iPhone maker’s business segments. If the DOJ wins, the company may be forced to give third-party companies greater access to iPhone features including Apple Wallet, improve compatibility with competing devices, and even allow third-party app stores on iOS. But the… Read More »
Apple (AAPL) is in the midst of what you might generously call a “difficult” period. The company is battling a high-profile antitrust battle with the Justice Department, falling iPhone sales in China and a regulatory investigation in the European Union. And those are just last week’s headlines. The company also still faces a shortage of… Read More »
Apple (AAPL) lost billions of dollars in value after a Justice Department lawsuit filed Thursday claiming the company has a monopoly in the iPhone market. The tech giant is just one of three “Magnificent 7” stocks that have underperformed this year. However, KeyBanc initiated Overweight coverage of Microsoft (MSFT), setting a price target of $490.… Read More »