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  • Apple's loses bid to halt court ruling that blocks some fees from its iPhone app store

    A three-judge appeals panel rejected Apple's request to pause an April 30 order banning the company from charging a fee on in-app iPhone transactions processed outside its once-exclusive payment system in a two-page decision issued late Thursday. The setback threatens to divert billions of dollars in revenue away from Apple while it tried to overturn the order reining in its commissions from e-commerce within iPhone apps. Apple sought to put the order on hold after it was issued by U.S. District Judge Yvonne Gonzalez-Rogers in a stinging rebuke that also held the Cupertino, California, company in civil contempt of court and recommended opening a criminal investigation into whether one of its executives had committed perjury while testifying in her Oakland, California, courtroom.

  • Apple EPS Faces 2-3% Hit After Epic Ruling

    Analysts forecast 2%--3% EPS drag despite healthy May App Store revenue gains

  • OnePlus Looks to Undercut Apple and Samsung With New $700 Tablet

    (Bloomberg) -- OnePlus USA Corp. introduced a slimmed-down version of its premium Android tablet on Thursday, looking to beat competing devices from Samsung Electronics Co and Apple Inc. with its price and specifications.Most Read from BloombergICE Moves to DNA-Test Families Targeted for Deportation with New ContractNext Stop: Rancho Cucamonga!US Housing Agency Vulnerable to Fraud After DOGE Cuts, Documents WarnThe Global Struggle to Build Safer CarsWhere Public Transit Systems Are Bouncing Back

  • Apple's two biggest problem areas ahead of its WWDC 2025

    Ahead of Apple's (AAPL) 2025 Worldwide Developers Conference kicking off this Monday, June 9, Needham analysts downgraded the iPhone maker from a Buy rating to Hold while removing its price target on the tech stock. Needham & Company senior media and internet analyst Laura Martin — the analyst behind the call — examines several of Apple's biggest problems as it faces pressures in China's consumer market and the team-up between OpenAI and former Apple designer Jony Ive. Here's a look at what to expect from the 2025 WWDC event. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

  • Wall Street weighs in as Apple bid to halt app store order denied

    Investing.com -- Apple’s attempt to pause a lower court ruling that forces it to allow third-party payment links in its App Store was denied by the Ninth Circuit Court of Appeals, resulting in several Wall Street analysts providing their thoughts.

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