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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple Inc.    AAPL

APPLE INC.

(AAPL)
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Spotify criticizes new Apple services bundle on antitrust grounds

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09/15/2020 | 05:51pm EDT
FILE PHOTO: Apple logo is seen on the Apple store at the Marche Saint Germain in Paris

Streaming music firm Spotify Technology SA on Tuesday criticized rival Apple Inc , saying that a new subscription bundle offer from the iPhone maker abuses its dominant market position by favoring its own Apple Music service.

Spotify said the Apple One bundle announced Tuesday disadvantages streaming music rivals. Spotify and Apple charge $10 a month for their streaming music service, but the Apple One package bundles it with other services such as television or video games that start at $15 per month.

"We call on competition authorities to act urgently to restrict Apple's anti-competitive behavior, which if left unchecked, will cause irreparable harm to the developer community and threaten our collective freedoms to listen, learn, create, and connect," the music streaming company said.

In a statement, Apple said the bundle was aimed at existing users of its services and that "customers can discover and enjoy alternatives to every one of Apple's services."

(Reporting by Akanksha Rana in Bengaluru and Stephen Nellis in San Francisco; Editing by Arun Koyyur and Aurora Ellis)

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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%
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Technical analysis trends APPLE INC.
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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
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