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    AAPL   US0378331005

APPLE INC.

(AAPL)
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Microsoft to unplug Internet Explorer as it seeks edge in browser war

05/20/2021 | 01:07pm EDT
FILE PHOTO: Microsoft logo on an office building in New York, U.S.

(Reuters) - Microsoft Corp is pulling the plug on its once omnipresent browser, Internet Explorer, next year as it prepares to battle market leader Chrome with its slicker Edge browser.

Launched in 1995, Internet Explorer became the dominant browser for over a decade as it was bundled with Microsoft's Windows operating system that came pre-installed in billions of computers.

The browser, however, started losing out to Google's Chrome in the late 2000s and has become a subject of countless internet memes for its sluggishness in comparison to its rivals.

To compete better, Microsoft launched the Edge browser in 2015 that runs on the same technology as the Google browser.

As of April, Chrome has a 65% share of the global browser market, followed by Apple Inc's Safari, with an 18% share, according to web analytics firm Statcounter. Microsoft Edge has a 3% share, while Internet Explorer has a miniscule share of the market it once dominated.

The Windows software maker said on Wednesday the future of Internet Explorer on Windows 10 was in its faster and more secure Microsoft Edge.

"Internet Explorer 11 desktop application will be retired and go out of support on June 15, 2022, for certain versions of Windows 10," the company said in a blog post. (https://bit.ly/341JvuE)

The browser was at the heart of an antitrust case against Microsoft more than two decades ago, with a U.S. judge deciding that the software titan had broken the law after it combined Internet Explorer and the Windows operating system.

The most serious violations of the law were upheld on appeal, but the company continued to bundle its operating system and browser.

(Reporting by Subrat Patnaik in Bengaluru, Additional reporting by Eva Mathews; Editing by Anil D'Silva)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 0.90% 2805.67 Delayed Quote.60.08%
APPLE INC. 1.69% 145.85 Delayed Quote.9.92%
MICROSOFT CORPORATION 1.28% 298.58 Delayed Quote.34.24%
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Analyst Recommendations on APPLE INC.
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Financials (USD)
Sales 2021 366 B - -
Net income 2021 93 853 M - -
Net cash 2021 78 438 M - -
P/E ratio 2021 26,2x
Yield 2021 0,59%
Capitalization 2 411 B 2 411 B -
EV / Sales 2021 6,37x
EV / Sales 2022 6,16x
Nbr of Employees 147 000
Free-Float 99,0%
Chart APPLE INC.
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Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | MarketScreener
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 44
Last Close Price 145,85 $
Average target price 165,36 $
Spread / Average Target 13,4%
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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