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    AAPL   US0378331005

APPLE INC.

(AAPL)
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Apple's 'hands-off' approach with Roblox draws focus in DOJ antitrust probe - The Information

12/06/2021 | 05:03pm EST
FILE PHOTO: FILE PHOTO: The Apple Inc logo is shown outside the company's 2016 Worldwide Developers Conference in San Francisco

(Reuters) - U.S. prosecutors are looking for instances in which Apple Inc is unevenly enforcing rules for app developers such as gaming firm Roblox and some others, the Information reported on Monday, citing people familiar with the matter.

The Department of Justice (DOJ) is probing key revelations from the antitrust trial between Apple and Epic Games in May, according to the report, in which the "Fortnite" maker had argued that Apple had given a free pass to Roblox, whose app lets people pick from a selection of games to play.

Following this, Roblox had removed reference to the word "game" and changed it to "experiences", the Information reported.

The DOJ recently asked Roblox why it made the language change and also wants to know whether Apple's 2019 launch of its Arcade game app store made it more difficult for game developers to compete with the iPhone maker, according to the report.

Apple, DOJ did not immediately respond to Reuters requests for comment. Epic Games declined to comment.

The tech news website had reported in late October that the DOJ was accelerating its two-year-old antitrust probe on Apple in the last several months, increasing the likelihood of a lawsuit.

(Reporting by Eva Mathews in Bengaluru; Editing by Ramakrishnan M.)


© Reuters 2021
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Analyst Recommendations on APPLE INC.
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Financials (USD)
Sales 2022 381 B - -
Net income 2022 92 749 M - -
Net cash 2022 73 219 M - -
P/E ratio 2022 28,4x
Yield 2022 0,57%
Capitalization 2 653 B 2 653 B -
EV / Sales 2022 6,77x
EV / Sales 2023 6,39x
Nbr of Employees 154 000
Free-Float 99,9%
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Technical analysis trends APPLE INC.
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 43
Last Close Price 162,41 $
Average target price 180,21 $
Spread / Average Target 11,0%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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