After meeting with Apple CEO Tim Cook in Brussels Tuesday, European Union head of industry Thierry Breton called on the tech company to open its ecosystem of hardware and software to competitors.
As legacy studios like Disney face formidable problems, a new report suggests CEO Bob Iger might revisit a “once-unthinkable option” — that Apple might buy the company, or at least a stripped-down version of it.
After all, in a near-future of even greater tech-company dominance over entertainment, Disney may need deep-pocketed protection. And its longstanding connection with Apple could come into play.
When Apple said in July at WWDC22 it would launch Apple Pay Later with iOS 16, it effectively said it would enter the short-term loan business, known for “buy now, pay later” plans.
So it’s no big surprise that the Cupertino tech giant — accustomed to regulatory scrutiny in the U.S. and abroad — is now facing it from financial industry regulators.
But what’s somewhat surprising is that regulators are making noise about a host of concerns even before Apple Pay Later comes out.
A letter from progressive members of the U.S. House of Representatives this week urged Senate Majority Leader Chuck Schumer to call for votes soon on a pair of antitrust bills that would rein in the power of tech giants like Apple and Google in an attempt to open up competition from more companies.
Without votes “in the next few weeks,” lawmakers’ upcoming months-long recess could delay action considerably.
With Apple in the antitrust spotlight both abroad and in the U.S., Cupertino is spending more than it ever has before on political lobbying.
And CEO Tim Cook has become one of the most politically active tech executives in the country.
The U.K.’s Competition and Markets Authority is looking into accusations of “collusion at a very senior level” against Apple and Google.
Online campaign group Marketers for an Open Web made the complaint. It says the two tech behemoths are “not competing head to head,” but rather working together when it comes to search.
The group points to documents uncovered in a U.S. Department of Justice lawsuit, including a 2018 internal email in which Apple and Google staffers discussed how they “work as if we are one company.”
Ex-App Store review boss Phil Shoemaker told the congressional antitrust subcommittee that Apple creates “arbitrary” rules which it uses as a “weapon” against competitors. One such example is allowing Apple Arcade, while blocking Xbox Game Pass.
Shoemaker’s testimony appears in the antitrust subcommittee’s 449-page report published this week.
The House Judiciary antitrust subcommittee revealed its recommendations for dealing with Big Tech Monday in a 449-page report, following 16 months of investigation.
While the report has recommendations for Amazon, Facebook and Google parent company Alphabet, it also focuses on Apple — and what needs to change to make Cupertino antitrust-compliant.
The U.S. House of Representatives antitrust report on Big Tech reportedly includes a “thinly veiled call to break up” the tech giants, according to a report by Reuters.
The House antitrust subcommittee could publish its report on Apple, Amazon, Facebook and Alphabet this week. However, while it’s not been published yet, it’s already causing controversy.