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    AAPL   US0378331005

APPLE INC.

(AAPL)
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U.S. senator presses Amazon, Google on Matter smart-home effort

06/23/2021 | 05:04am EDT
FILE PHOTO: FILE PHOTO: Prompts on how to use Amazon's Alexa personal assistant are seen in an Amazon ‘experience centre’ in Vallejo

(Reuters) - Amazon.com Inc and Alphabet Inc's Google need to offer more details about how their smart-home devices and virtual assistants will support competition and user privacy, U.S. Senator Amy Klobuchar wrote to the companies on Tuesday.

In a letter, the chair of the Senate Judiciary Committee's antitrust subcommittee said testimony last week by attorneys from the companies left her with concerns about their dominance of the fast-growing field.

She asked the companies which of their products will support - and which will not - a recently revamped industry alliance known as Matter. The group, which includes Apple Inc, Ikea and others, aims to allow home-automation gadgets such as internet-connected lights and speakers from various companies to sync with one another.

"For what period of time do you commit to support the Matter interoperability project, and who at your companies is responsible for determining whether to extend the length of your commitment to Matter?" Klobuchar wrote to Amazon and Google.

She called on the companies by July 2 also to answer questions about data collection by voice assistants and how the information is used.

Last week's hearing followed complaints by Sonos Inc and other home-device makers about big tech companies engaging in allegedly anticompetitive tactics to extend their dominance in advertising and other businesses.

Klobuchar noted at the hearing that Amazon's Echo line had more than 50% of the smart-speaker market, while Google's Nest products had 30%.

(Reporting by Paresh Dave; Additional reporting by Diane Bartz; Editing by Stephen Coates)

By Paresh Dave


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. -1.00% 2674.24 Delayed Quote.52.35%
AMAZON.COM, INC. -0.89% 3303.5 Delayed Quote.1.37%
APPLE INC. -0.08% 145.525 Delayed Quote.9.58%
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Financials (USD)
Sales 2021 366 B - -
Net income 2021 93 676 M - -
Net cash 2021 78 467 M - -
P/E ratio 2021 26,1x
Yield 2021 0,59%
Capitalization 2 405 B 2 405 B -
EV / Sales 2021 6,36x
EV / Sales 2022 6,14x
Nbr of Employees 147 000
Free-Float 99,0%
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Apple Inc. Technical Analysis Chart | MarketScreener
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Technical analysis trends APPLE INC.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 46
Last Close Price 145,52 $
Average target price 163,19 $
Spread / Average Target 12,1%
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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