The Competition Commission of India has since 2024 sought Apple’s financial information, typically needed to calculate penalties, after an investigation found it abused its dominant position
The US stock market is rising towards more records on Friday after Apple, Estee Lauder and other big companies became the latest to deliver fatter profits for the start of the year than analysts expected. Modest dips for oil prices also helped to steady the relatively few stock markets open worldwide on the May Day holiday. The S&P 500 rose 0.6 per cent and added to its all-time high set the day before. The Dow Jones Industrial Average was up 226 points, or 0.5 per cent, as of 9.35am Eastern...
As Tim Cook announces his departure from the top job at Apple, these are the key challenges for new boss John Ternus.
John Ternus will take over running the technology giant as Cook steps up to become executive chairman.
Cook will turn over CEO duties to Apple’s head of hardware engineering, John Ternus, on September 1.
Apple CEO Tim Cook is stepping down from the job that he inherited from the late Steve Jobs, ending a nearly 15-year reign that saw the company’s market value soar by more than US$3.6 trillion during an iPhone-fuelled era of prosperity. Cook, 65, will turn the CEO duties over to Apple’s head of hardware engineering, John Ternus, on September 1 while remaining involved with the Cupertino, California, company as executive chairman. That is similar to the transitions made by Amazon’s Jeff Bezos and...
Last week, on April 1 to be exact, Apple reached the grand old age of 50 (almost exactly a year younger than Microsoft), one of a tiny proportion of S&P-listed companies that have stayed the course for half a century. It is a company with which I have had a special connection and a love-hate relationship for most of my adult life. Not that I have ever owned an Apple product (I have always been a loyal Android man) nor any Apple shares; heavens, I wish I had. No. My special connection is more...