Log in
E-mail
Password
Show 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
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Apple Inc.
  6. News
  7. Summary
    AAPL   US0378331005

APPLE INC.

(AAPL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

EU countries agree on common stance on new rules for U.S. tech giants

11/25/2021 | 02:40pm EST
Apple logo at an Apple store in Paris

BRUSSELS (Reuters) - EU countries on Thursday agreed on a common position on new rules to curb the power of U.S. tech giants and force them to do more to police their platforms for illegal content.

However, they will have to iron out the final details with EU lawmakers, who have proposed tougher rules and higher fines.

Frustrated by the slow pace of antitrust investigations, EU competition chief Margrethe Vestager has proposed two sets of rules known as the Digital Markets Act and the Digital Services Act targeting Amazon, Apple, Alphabet unit Google and Facebook.

The DMA has a list of dos and don'ts for online gatekeepers - companies that control data and access to their platforms - reinforced by fines of up to 10% of global turnover.

The Digital Services Act (DSA) forces the tech giants to do more to tackle illegal content on their platforms, with fines of up to 6% of global turnover for non-compliance.

The common position adopted by EU countries follows the main points proposed by Vestager, with some tweaks, with the European Commission as the main enforcer of the new rules despite an initial French proposal to give national watchdogs more power.

Negotiations are expected to start next year, with the rules likely to be adopted in 2023.

"The proposed DMA shows our willingness and ambition to regulate big tech and will hopefully set a trend worldwide," Zdravko Pocivalsek, Slovenian Minister for Economic Development and Technology, said in a statement.

The changes agreed by the EU countries include a new obligation on tech companies that enhances the right of end users to unsubscribe from core platform services and shortens the deadlines and improves the criteria for designating gatekeepers.

Luxembourg, where Amazon has its European headquarters, welcomed the agreement which designates national watchdogs as the lead DSA enforcer for companies based in their countries.

"Luxembourg is pleased that in general the country in which the intermediary is established remains responsible for the enforcement of the harmonised rules of the DSA, in particular thanks to closer cooperation with the other Member States and the Commission - apart from when it comes to the very big players," it said in a statement.

(Reporting by Foo Yun Chee; Editing by Angus MacSwan)

By Foo Yun Chee


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.64% 2789.61 Delayed Quote.-3.71%
AMAZON.COM, INC. 0.57% 3242.76 Delayed Quote.-2.75%
APPLE INC. 0.51% 173.07 Delayed Quote.-2.53%
META PLATFORMS, INC. 1.66% 331.9 Delayed Quote.-1.32%
MICROSOFT CORPORATION 1.77% 310.2 Delayed Quote.-7.77%
All news about APPLE INC.
09:33aDutch consumer watchdog to vet Apple dating app payment reforms
RE
08:06aDutch consumer watchdog ACM to vet Apple's dating app payment reforms
RE
04:44aChina's digital yuan wallets swell but usage lags
RE
03:56aBritish Gas Parent Centrica's Pension Fund Invested In Banned Israeli Spyware Company
MT
01/16Apple Allows App Developers to Offer Alternative Payment Options After Dutch Watchdog O..
MT
01/16Apple Korea's Annual Sales Surge 24%
MT
01/16Wall St Week Ahead-Earnings to test growth stocks after rocky start to year
RE
01/15Apple to require employee proof of COVID-19 booster -The Verge
RE
01/15Apple complies with Dutch watchdog ruling on payment options in Netherlands
RE
01/14Alec Baldwin turns over cellphone for 'Rust' shooting probe
RE
More news
Analyst Recommendations on APPLE INC.
More recommendations
Financials (USD)
Sales 2022 381 B - -
Net income 2022 92 870 M - -
Net cash 2022 80 214 M - -
P/E ratio 2022 30,3x
Yield 2022 0,53%
Capitalization 2 827 B 2 827 B -
EV / Sales 2022 7,22x
EV / Sales 2023 6,83x
Nbr of Employees 154 000
Free-Float -
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | MarketScreener
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 44
Last Close Price 173,07 $
Average target price 178,31 $
Spread / Average Target 3,03%
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
Sector and Competitors
1st jan.Capi. (M$)
APPLE INC.-2.53%2 826 990
XIAOMI CORPORATION-1.38%59 500
WINGTECH TECHNOLOGY CO.,LTD-7.81%23 361
SHENZHEN TRANSSION HOLDINGS CO., LTD.-5.14%18 783
FIH MOBILE LIMITED-2.94%1 355
RTX A/S-11.35%219