Apple Faces EU Antitrust Charge Over Mobile Payments Technology
Video Credit: Wibbitz Top Stories - Duration: 01:30s - Published
Apple Faces EU Antitrust Charge Over Mobile Payments Technology
Apple Faces EU Antitrust Charge , Over Mobile Payments Technology.
CNBC reports that on May 2, antitrust regulators in Europe charged the tech giant with keeping rivals from using its NFC chip technology.
The charge may force Apple to provide its competitors with access to its mobile payment system.
CNBC reports that the European Commission sent Apple a statement of objections in which it details ways the company abused its market position pertaining to iOS mobile wallets.
.
We have indications that Apple restricted third-party access to key technology necessary to develop rival mobile wallet solutions on Apple’s devices, Margrethe Vestager, EU antitrust chief, via statement.
In our statement of objections, we preliminarily found that Apple may have restricted competition, to the benefit of its own solution Apple Pay, Margrethe Vestager, EU antitrust chief, via statement.
Reuters reports that Apple, which said it will keep engaging with the Commission, faces a hefty fine.
The company issued a statement.
Apple Pay is only one of many options available to European consumers for making payments, and has ensured equal access to NFC while setting industry-leading standards for privacy and security, Apple, via statement.
Reuters reports that in Europe, Apple Pay is used by over
2,500 banks and 250 fintechs and challenger banks
The Democratic Republic of Congo issues a formal notice to Apple concerning 'blood minerals' allegedly used in iPhones and other products. Learn more about the accusations and the urgent response demanded from Apple.
#DRCongo #Apple #BloodMinerals #CongoGovernment #NoticetoApple #AppleBloodMinerals #iPhone #Oneindia
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Samsung Knocks Apple , From Top Phonemaker Spot.
Samsung Knocks Apple , From Top Phonemaker Spot.
Fox News reports that Apple's phone shipments have dropped by about 10%.
During Q1 2024, Apple had a 17.3% market share, while Samsung had 20.8%.
During Q1 2024, Apple had a 17.3% market share, while Samsung had 20.8%.
Xiaomi came in third with 14.1%.
Samsung shipped over
60 million phones during Q1 2024.
Samsung shipped over
60 million phones during Q1 2024.
Apple only shipped 50.1 million. .
Last year during the same time period,
Apple shipped 55.4 million. .
Overall, smartphone shipments rose 7.8% worldwide to 289.4 million units during Q1 2024.
The increase in Samsung shipments
could be attributed to the company's
release of Galaxy S24 series phones.
During a launch event at the beginning
of the year, Galaxy AI, which is incorporated
into the company's new smartphones,
was touted as "a new era of mobile AI.".
News of Samsung's triumph comes as
Apple is cutting over 600 jobs in California
following reports that the company
is abandoning its electric car efforts. .
News of Samsung's triumph comes as
Apple is cutting over 600 jobs in California
following reports that the company
is abandoning its electric car efforts.
Credit: Wibbitz Top Stories Duration: 01:31Published
Apple Will Soon Allow iPhones , to Be Repaired With Used Parts.
On April 11, Apple announced that "select"
iPhone models will be eligible for repair with used, genuine parts beginning this fall, The Verge reports. .
Currently, repairing an iPhone with a used or aftermarket piece results in notifications that Apple isn't able to verify the component.
When attempting to repair Face ID and
Touch ID sensors with used or aftermarket parts,
it "might not work at all," The Verge reports. .
But with the changes coming this fall, Apple said, "calibration for genuine Apple parts, new or used, will happen on device after the part is installed.".
This should resolve some of
the aforementioned issues.
The change will also make it so that individuals
and repair shops will no longer need the device's serial number to order "most parts from the
Self Service Repair Store," The Verge reports. .
At launch, the new policy will support
displays, batteries and cameras.
"Future" iPhone releases will support biometric sensors, Apple said. .
With this latest expansion to our repair
program, we’re excited to be adding
even more choice and convenience for
our customers, while helping to extend
the life of our products and their parts. , John Ternus, Apple’s senior vice president
of hardware engineering, via statement.
Apple did not make it clear which iPhone models
will be supported under the new policy this fall
Credit: Wibbitz Top Stories Duration: 01:31Published
Apple Sends iPhone Users in 92 Countries , a Spyware Attack Warning.
The message was sent on
April 10, Engadget reports. .
Apple detected that you are being targeted
by a mercenary spyware attack that is trying
to remotely compromise the iPhone
associated with your Apple ID -xxx-, Apple's warning, via Engadget.
This attack is likely targeting
you specifically because of
who you are or what you do. , Apple's warning, via Engadget.
Although it's never possible to achieve
absolute certainty when detecting such
attacks, Apple has high confidence in
this warning — please take it seriously, Apple's warning, via Engadget.
Internal information and investigations are used by the tech giant to pinpoint attacks. .
However, Apple couldn't provide any more information about the mercenary spyware attacks because it might "help attackers avoid future detection," Engadget reports. .
Apple has sent this type of message
to customers in the past.
Since 2021, people in over 150 countries
have gotten similar warnings.
Last October, journalists and politicians located in India were among those
who received such a message
Credit: Wibbitz Top Stories Duration: 01:30Published
Learn more about the controversy as tech giant Apple refuses the Enforcement Directorate's request to unlock the iPhone of jailed Chief Minister Arvind Kejriwal, citing user privacy concerns. Join the discussion on the delicate balance between privacy rights and law enforcement needs.
#Apple #ED #EnforcementDirectorate #ArvindKejriwal #ArvindKejriwalArrest #ArvindKejriwaliPhone #ArvindKejriwalLatest #DelhiNews #Oneindia
~HT.99~PR.274~ED.103~
As a mandate riddled with allegations of corruption, undue influence and misconduct among EU lawmakers draws to an end, the European Parliament has tried to push through reforms designed to bring the next chamber in line.
Credit: euronews (in English) Duration: 01:46Published
The 9th legislature of the European Parliament has come to an end. We recap the scandals that marred the mandate, but also preview the debate around the 20th anniversary of the EU's biggest enlargement.
Credit: euronews (in English) Duration: 07:00Published
Just hours after Macron's Europe speech, the head of the French far-right party Jordan Bardella called for a last-minute press conference on Thursday in Paris, unveiling his campaign for the European elections… but refused to answer questions.
Credit: euronews (in English) Duration: 02:22Published
Key Federal Reserve Inflation Gauge , Rose 2.8% in March.
According to Commerce Department
data released on April 26.
the personal consumption expenditures
(PCE) price index, not including food or energy, rose 2.8% year-over-year in March. .
That exceeded Dow Jones
estimates of 2.7%, CNBC reports. .
When also accounting for food and energy, the all-items PCE measure rose 2.7%,
which was above the 2.6% estimate.
Inflation reports released this morning
were not as a hot as feared, , George Mateyo, chief investment officer at Key Wealth, via CNBC.
... but investors should not get
overly anchored to the idea that
inflation has been completely
cured and the Fed will be cutting
interest rates in the near-term, George Mateyo, chief investment officer at Key Wealth, via CNBC.
The prospects of rate cuts remain,
but they are not assured, and the
Fed will likely need weakness in
the labor market before they
have the confidence to cut, George Mateyo, chief investment officer at Key Wealth, via CNBC.
Consumers continue to spend despite
higher prices, CNBC reports.
Personal spending increased 0.8% in March, while personal income rose 0.5%.
The personal saving rate dropped to 3.2% as more people are having to dip into their savings to cover the cost of living.
The Fed continues to target 2% inflation, which the core PCE has exceeded for
the last three years, CNBC reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix Exceeds Earnings Estimates , As Subscribers Increase.
Netflix released a Q1 earnings report on April 18, indicating that its number of subscribers jumped 16% year-over-year to reach 269.6 million.
Analysts only expected the streamer to have about 264.2 million subscribers, CNBC reports. .
The company also brought in $9.37 billion in revenue versus analysts' expectations of $9.28 billion. .
However, Netflix said that its membership numbers are no longer the main factor contributing to the company's growth.
As a result, the company will stop providing "quarterly membership numbers or average revenue per user" beginning in 2025, CNBC reports. .
Instead, it will divulge "major subscriber milestones as we cross them.".
Price hikes, terminating password sharing
and offering an ad-supported tier are all tactics that have boosted revenue.
Netflix is also seeking to gain traction within the video game space and recently partnered with TKO Group Holdings to offer WWE on the platform.
We’re in the very early days of
developing our live programming and
I would look at this as an expansion of
the types of content we offer, the way
we expanded to film and unscripted and
animation and most recently games, Ted Sarandos, co-CEO of Netflix, via earnings call.
We believe that these kind of event cultural
moments like the Jake Paul and Mike Tyson
fight are just that kind of television, and we
want to be part of winning over those
moments with our members as well, so that
for me is the excitement part of this, Ted Sarandos, co-CEO of Netflix, via earnings call.
As of the morning of April 18,
Netflix's stock was up 27%
Credit: Wibbitz Top Stories Duration: 01:30Published
Google Fires Employees , for Protesting Israel Contract.
28 Google workers have been fired for protesting
a $1.2 billion contract that the company has with
the Israeli government and military to provide
cloud and AI services, NBC News reports. .
The firings follow an April 16 sit-in at
Google's offices in California, New York and Seattle in which nine workers were arrested.
The group that coordinated the demonstration
is known as No Tech for Apartheid. .
Google issued a statement about the recent firings.
A small number of employee
protesters entered and disrupted
a few of our locations. , Google spokesperson, via statement.
Physically impeding other employees’
work and preventing them from
accessing our facilities is a clear
violation of our policies, and
completely unacceptable behavior. , Google spokesperson, via statement.
We have so far concluded
individual investigations that
resulted in the termination of
employment for 28 employees,
and will continue to investigate
and take action as needed, Google spokesperson, via statement.
No Tech for Apartheid claims that the
workers were fired "indiscriminately.".
This excuse to avoid confronting
us and our concerns directly,
and attempt to justify its illegal,
retaliatory firings, is a lie, No Tech for Apartheid, via statement.
Meanwhile, many of Google's workers have
reportedly quit after experiencing "mental health consequences of working at a company that is using their labor to enable a genocide," No Tech for Apartheid said.
On a personal level, I am opposed
to Google taking any military
contracts — no matter which
government they’re with or what
exactly the contract is about. , Cheyne Anderson, a Google Cloud software engineer based
in Washington who was arrested during a sit-in, to CNBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Amazon Cuts Hundreds , of Cloud Computing Jobs.
An Amazon Web Services (AWS)
spokesperson issued a statement about
the job cuts on April 3, CNBC reports. .
We’ve identified a few targeted areas of
the organization we need to streamline
in order to continue focusing our efforts
on the key strategic areas that we
believe will deliver maximum impact, AWS spokesperson, via statement.
We didn’t make these decisions
lightly, and we’re committed
to supporting the employees
throughout their transition to new
roles in and outside of Amazon, AWS spokesperson, via statement.
Cuts are being made to the store technology division “as a result of a broader strategic shift in the use of some applications in Amazon’s owned as well as in third-party stores,” the spokesperson said.
The layoffs come after Amazon announced that it was ending its Just Walk Out technology in Fresh stores.
The cashierless technology is overseen
by teams within the AWS unit. .
Beginning in 2022, Amazon started
its largest layoffs in history by letting
go of 27,000 roles company-wide. .
So far in 2024, the retail behemoth has cut jobs at Audible, Buy with Prime, Prime Video, MGM Studios and Twitch, CNBC reports. .
This latest round of cuts will
allow U.S. employees to collect pay
and benefits for a minimum of 60 days.
They will also be offered a severance package.
Credit: Wibbitz Top Stories Duration: 01:30Published
UPS to Become US Postal Service’s , Main Air Cargo Provider.
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
On April 1, United Parcel Service announced
that it will replace FedEx as the primary air
cargo provider for the USPS, CNBC reports. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
FedEx is walking away from a
22-year partnership after failing to
secure a better contract with the agency. .
In fiscal year 2023, USPS paid FedEx $1.73 billion
for its services, down from the $2.4 billion
FedEx received in fiscal year 2020.
The decrease in payments was partially due
to the postal service using more economical
trucks in place of planes, CNBC reports. .
The parties were unable to reach
agreement on mutually beneficial
terms to extend the contract, FedEx, via securities filing.
Since FedEx will lose nearly $2 billion in annual
business from letting go of the contract, .
hundreds of pilots will likely
lose their jobs, CNBC reports .
Following the announcement, UPS shares
increased 1.4% while FedEx stock dropped 1.6%.
FedEx's current contract is
set to expire on Sept. 29
Credit: Wibbitz Top Stories Duration: 01:30Published
Apple Facing EU , Fine for Hindering , Streaming Music Competition.
On March 4, the European Union filed its first antitrust
penalty aimed at Apple, fining the tech giant almost
$2 billion for unfairly favoring its own music service.
On March 4, the European Union filed its first antitrust
penalty aimed at Apple, fining the tech giant almost
$2 billion for unfairly favoring its own music service.
According to regulators, Apple forbid streaming
music rivals from informing users that cheaper
subscription options available on their websites.
According to regulators, Apple forbid streaming
music rivals from informing users that cheaper
subscription options available on their websites.
Those options would allow users to
avoid a 30% fee charged when people
pay through the iOS App Store app. .
This is illegal. And it has
impacted millions of European
consumers who were not able to
make a free choice as to where,
how and at what price to buy
music streaming subscriptions, Margrethe Vestager, EU Commission's
competition commissioner, via NPR.
Margrethe Vestager, the EU's competition
commissioner, said the practice has resulted in , "millions of people who have paid two, three euros
more per month for their music streaming service
than they would otherwise have had to pay.".
NPR reports that the EU Commission
decision comes the same week as new
rules take effect aimed at preventing tech
companies from cornering digital markets.
Apple said the it would appeal
the commission's decision to
levy a fine against the company. .
The decision was reached despite
the Commission's failure to uncover
any credible evidence of consumer
harm, and ignores the realities
of a market that is thriving,
competitive, and growing fast, Apple statement, via NPR.
Apple added that the EU decision benefits Spotify,
which is based in Sweden and currently holds
a 56% share of Europe's music streaming market.
Apple added that the EU decision benefits Spotify,
which is based in Sweden and currently holds
a 56% share of Europe's music streaming market.
Ironically, in the name of
competition, today's decision
just cements the dominant
position of a successful European
company that is the digital
music market's runaway leader, Apple statement, via NPR
Credit: Wibbitz Top Stories Duration: 01:30Published
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