Apple Stock News

The European Commission (EC) has quietly closed a longstanding antitrust investigation into Apple over rules it enforces against third-party e-book and audiobook app developers.

Apple and Google aren't giving consumers a genuine choice of mobile web browsers, a British watchdog said Friday in a report that recommends they face an investigation under new U.K. digital rules taking effect next year.

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Apple and Google may face a formal investigation into their mobile ecosystem policies in the United Kingdom after a provisional study found that these policies are “holding back innovation.” Following an investigation launched in 2022, an independent inquiry group of the U.K.

The stock has flatlined since AI features were added to the iPhone.

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The UK's Competition and Markets Authority (CMA) has raised significant concerns about how Apple and Google control mobile web browsers. A press release from the CMA's independent inquiry group suggests that this duopoly is stifling competition and innovation in the UK's mobile ecosystems.

The U.K.'s Competition and Markets Authority said its experts recommended investigating Apple and Google's dominance in smartphones under the country's new digital competition rules, alleging the tech giants can manipulate users into choosing their own apps and services over rivals'.