Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC.

(AAPL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Facebook, Microsoft gripes with Apple's App Store on EU's antitrust radar

share with twitter share with LinkedIn share with facebook
08/10/2020 | 02:39pm EDT
FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Beijing

Facebook and Microsoft's grievances over how their gaming apps appear on Apple's App Store may feed into an EU investigation into the iPhone maker's business as EU antitrust regulators said such concerns are on their radar.

The European Commission in June opened four probes into Apple, three of which are into its App Store and its restrictive rules, including requirements that app developers use its own in-app purchasing system.

U.S. social media giant Facebook and Microsoft are the latest companies to voice concerns about the rules, which have drawn criticism from app developers who say they create an uneven playing field to compete with the iPhone maker.

Asked about Facebook and Microsoft's issues with Apple, Commission spokeswoman Arianna Podesta said in a statement: "The Commission is aware of these concerns regarding Apple's App Store rules."

She did not provide details.

Apple dismissed criticism of its App Store rules, saying the same set of rules applies to all apps to protect customers and provide a fair and level playing field for developers.

Sony's PlayStation Remote and Valve's SteamLink are allowed on the App Store, it said, and developers can reach users via its web browser Safari, where they can also build stores and services.

Facebook last week said its gaming app was only available on Apple's App Store as a streaming service and that users will not be able to play games.

Facebook Chief Operating Officer Sheryl Sandberg said the company had to remove gameplay functionality entirely to secure Apple's approval of its Facebook Gaming app.

Microsoft, which has a game-streaming service called Project xCloud said: "Apple stands alone as the only general purpose platform to deny consumers from cloud gaming and game subscription services like Xbox Game Pass."

"It consistently treats gaming apps differently, applying more lenient rules to non-gaming apps even when they include interactive content," it added in an emailed statement.

By Foo Yun Chee

Stocks mentioned in the article
ChangeLast1st jan.
APPLE INC. 3.75% 112.28 Delayed Quote.52.96%
FACEBOOK 2.12% 254.82 Delayed Quote.24.15%
MICROSOFT CORPORATION 2.28% 207.82 Delayed Quote.31.78%
share with twitter share with LinkedIn share with facebook
All news about APPLE INC.
09/27U.S. judge blocks Trump administration's ban on new TikTok downloads
RE
09/27Judge temporarily blocks U.S. ban on TikTok downloads from U.S. app stores
RE
09/27TikTok Awaits Judge's Ruling on Whether U.S. Can Ban Downloads
DJ
09/27U.S. judge blocks Trump administration's ban on new TikTok downloads
RE
09/27WALL STREET WEEK AHEAD : Trump-Biden debate could spark stock volatility
RE
09/27WALL STREET WEEKAHEAD : Trump-Biden debate could spark stock volatility
RE
09/26Judge rejects bid to delay TikTok U.S. app store ban set for Sunday
RE
09/26EVERYBODY VS. THE APP STORE : Why Companies Are Taking Issue With Apple's Growin..
DJ
09/25WALL STREET STOCK EXCHANGE : Wall Street ends higher as tech rally squashes viru..
RE
09/25Justice Department asks judge to allow U.S. to bar WeChat from U.S. app store..
RE
More news
Financials (USD)
Sales 2020 273 B - -
Net income 2020 56 922 M - -
Net cash 2020 73 828 M - -
P/E ratio 2020 34,7x
Yield 2020 0,71%
Capitalization 1 920 B 1 920 B -
EV / Sales 2020 6,77x
EV / Sales 2021 6,01x
Nbr of Employees 137 000
Free-Float 99,9%
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 40
Average target price 119,98 $
Last Close Price 112,28 $
Spread / Highest target 33,6%
Spread / Average Target 6,86%
Spread / Lowest Target -36,8%
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$)
APPLE INC.52.96%1 920 273
XIAOMI CORPORATION82.93%61 341
WINGTECH TECHNOLOGY CO.,LTD25.65%21 207
MEITU, INC.-13.41%790
DIGIA OYJ45.36%180
DORO AB (PUBL)-12.67%115