Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple    AAPL

APPLE

(AAPL)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

The Government vs. Big Tech: Arguments Each Side -2-

share with twitter share with LinkedIn share with facebook
share via e-mail
0
09/09/2019 | 02:55pm EDT

After Amazon reached a deal to allow Apple to sell iPads, iPhones and other devices on Amazon, third-party vendors who sold refurbished Apple products say they were removed.

"I was doing 40 to 50% of business on Amazon," said John Bumstead, a reseller of refurbished MacBooks who said he was kicked off Amazon and spoke to the FTC in July. "That chunk of business evaporates."

Amazon's Defense

--Amazon's growth has been fueled by a determination to offer consumers low prices and it has competed fairly and legally against rivals.

The company has invested in supporting third-party sellers and wants them to succeed. That approach has benefited consumers "in the form of competitive pricing, great selection and unprecedented convenience," Amazon associate general counsel Nate Sutton told a House antitrust subcommittee in July.

Amazon also is far from a retail monopoly, Mr. Sutton said, because 90% of U.S. retail sales still take place in bricks-and-mortar stores. Amazon says it doesn't use seller-specific data in creating its own private-label products, and offers fewer private-label goods than many of its retail competitors.

The Potential Case Against Apple

--That Apple has used its platform for iPhone apps to favor its own products and services over rival offerings.

A Wall Street Journal analysis published in July found that in the Apple App Store, Apple's own mobile apps routinely appear first in search results ahead of competitors'.

Music streaming service Spotify has complained to U.S. antitrust authorities and filed a complaint with the EU's antitrust arm claiming Apple made it difficult for rival subscription services to sell to users without using Apple's payment system, which generally takes a 30% cut of transactions.

--That the company charged inflated prices in its App Store because iPhone users are prohibited from buying apps elsewhere.

This requirement prompted a private antitrust suit that was given the green light to proceed by the Supreme Court. Consumers are stuck with the company's terms because it is expensive to switch to a rival device, this argument goes.

Apple's Defense

--Apple doesn't have a monopoly in anything -- iPhones have less than a 50% market share in the U.S.

--Apple says its closed platform protects consumers' data. By requiring iPhone users to buy exclusively from Apple's store, Apple ensures the software is safe and won't compromise users' iPhones with viruses or spyware.

And if Apple favoritism has crippled rivals, then why have consumers downloaded Spotify 300 million times in the App Store?

--Apple is under no significant legal requirement to give competitors a leg up.

"Even if, as Spotify alleges, Apple has monopoly power and has suppressed competition in its App Store, the government would still have a difficult time making a case under current doctrine as interpreted by some courts," said former FTC lawyer Michael Kades, a director of competition policy at the Washington Center for Equitable Growth.

Still, Apple has run afoul of antitrust authorities before. In 2012, the Justice Department sued the company for conspiring with publishers to raise the price of e-books. Courts ruled Apple's actions were anticompetitive, and the company was ultimately compelled to pay $450 million.

--Ryan Tracy contributed to this article.

Write to Brent Kendall at brent.kendall@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET -0.72% 1229.84 Delayed Quote.17.69%
APPLE -1.46% 217.73 Delayed Quote.38.03%
FACEBOOK -0.11% 189.93 Delayed Quote.44.89%
This article is part of a news chaine.
Article 2 / 2
<< Preceding Next >>
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on APPLE
09:42pU.S. trade regulators approve some Apple tariff exemptions amid broader repri..
RE
05:59pAPPLE : Coldest reception yet for a new iPhone in its San Francisco home
AQ
05:26pAPPLE : U.S. Grants Apple 10 Exemptions from Tariffs on Chinese Imports--Update
DJ
05:18pCommunications Services Down On Trade-Talks Fear - Communications Services Ro..
DJ
05:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
05:15pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
05:11pEXCLUSIVE : Fitbit considers whether it should explore a sale - sources
RE
04:51pAPPLE : U.S. Grants Apple 10 Exemptions from Tariffs on Chinese Imports
DJ
04:34pMARKET SNAPSHOT: Stocks End Lower After U.S-China Trade Concerns Rattle Marke..
DJ
04:24pWall Street drops after China cancels trip to Montana farmland
RE
More news
Financials (USD)
Sales 2019 259 B
EBIT 2019 63 307 M
Net income 2019 54 122 M
Finance 2019 102 B
Yield 2019 1,38%
P/E ratio 2019 18,7x
P/E ratio 2020 17,1x
EV / Sales2019 3,41x
EV / Sales2020 3,32x
Capitalization 984 B
Chart APPLE
Duration : Period :
Apple Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends APPLE
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 45
Average target price 221,98  $
Last Close Price 217,73  $
Spread / Highest target 24,0%
Spread / Average Target 1,95%
Spread / Lowest Target -31,1%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
APPLE38.03%998 558
SAMSUNG ELECTRONICS CO LTD--.--%273 912
XIAOMI CORP--.--%27 997
WINGTECH TECHNOLOGY CO LTD264.88%6 924
MERRY ELECTRONICS CO LTD--.--%989
MEITU INC--.--%987