Apple Inc. (AAPL)

$ 187.43
   
  • Change Today:
    $1.15
  • 52 Week High: $198.11
  • 52 Week Low: $165.00
  • Currency: US Dollars
  • Shares Issued: 15,550m
  • Volume: 52,393,619
  • Market Cap: $2,914,548m
  • RiskGrade: 150

Apple, Meta, Alphabet face EU probe under digital markets law

By Frank Prenesti

Date: Monday 25 Mar 2024

LONDON (ShareCast) - (Sharecast News) - The European Union said it had started investigations into Google owner Alphabet, Apple and Meta over potentially uncompetitive practices.
The trio are being probed for possible breaches of the EU's Digital Markets Act (DMA) and come three weeks after the bloc fined Apple €1.8bn (£1.5bn) for breaking competition laws over music streaming.

EU antitrust boss Margrethe Vestager and industry head Thierry Breton announced the ned investigations on Monday.

Apple also faces a major lawsuit in the US after the government accused it of monopolising the smartphone market.

The first two probes focus on Alphabet and Apple and relate to "anti-steering rules" where firms are not allowed to block businesses from telling their users about cheaper options for their products or about subscriptions outside of an app store.

"The way that Apple and Alphabet's implemented the DMA rules on anti-steering seems to be at odds with the letter of the law. Apple and Alphabet will still charge various recurring fees, and still limit steering," EU competition chief Margrethe Vestager told reporters.

Reporting by Frank Prenesti for Shrecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Apple Inc. Market Data

Currency US Dollars
Share Price $ 187.43
Change Today $ 1.15
% Change 0.62 %
52 Week High $198.11
52 Week Low $165.00
Volume 52,393,619
Shares Issued 15,550m
Market Cap $2,914,548m
RiskGrade 150

What The Brokers Say

Strong Buy 11
Buy 15
Neutral 13
Sell 1
Strong Sell 0
Total 40
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Trades for 14-May-2024

Time Volume / Share Price
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15:59 1,100 @ $187.40
15:59 100 @ $187.38

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