Apple Loses UK App Store Lawsuit
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Apple Inc. (NASDAQ:AAPL) ranks among the best consumer electronics stocks to buy now. Despite observing a slowdown in the growth of App Store revenue, Evercore ISI reaffirmed its Outperform rating and $290 price target for Apple Inc.
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Apple faced off with EU regulators in a high-stakes hearing that could reshape how much control Big Tech keeps over its platforms and test the reach of Europe’s new Digital Markets Act.
This 2024 Mac Mini comes with Apple’s M4 chip which packs a 10-core CPU and 10-core GPU in a space that’s barely larger than a thick coaster. This was crafted specifically with Apple Intelligence features in mind, so it runs on-device AI functions, high-end photo editing, and creative workflows at incredibly high efficiency.
The storm around Tea began to brew over the summer when 404 Media reported that personal user data including driver’s licenses and chat logs from an insecure database leaked on 4chan. Despite the negative attention around Tea at the time, the app ranked at the top of the App Store, in part due to the new exposure.
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UK tribunal orders Apple to pay damages
The panel found that Apple’s 30% commission for app distribution and in-app payments was significantly higher than what would be expected in a competitive market.