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    AAPL   US0378331005

APPLE INC.

(AAPL)
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UK Watchdog Puts Apple, Google Mobile Ecosystems Under Scrutiny

06/15/2021 | 04:52am EDT

By Adria Calatayud

The U.K.'s Competition and Markets Authority said Tuesday that it has launched a market study into the market power of Apple Inc. and Google's mobile ecosystems, in its latest attempt to tighten scrutiny over U.S. tech giants.

The antitrust watchdog said it is looking into whether the companies' control over mobile operating systems, app stores and web browsers could be hurting competition in digital markets.

The CMA said it is concerned that this could lead to reduced innovation and consumers paying higher prices for devices, apps or other goods and services. The study will also examine the effects of Apple and Google's market power over other businesses such as app developers, the regulator said.

The regulator said this study is broader than previous investigations into Apple's App Store and Google's proposals to remove third-party cookies, and is part of a larger program that seeks to establish a new regulatory regime for digital markets.

"Apple and Google control the major gateways through which people download apps or browse the web on their mobiles--whether they want to shop, play games, stream music or watch TV. We are looking into whether this could be creating problems for consumers and the businesses that want to reach people through their phones," CMA Chief Executive Andrea Coscelli said.

The CMA said it is seeking comments or concerns until July 26. The regulator has 12 months to complete the study, it said.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

06-15-21 0652ET

Stocks mentioned in the article
ChangeLast1st jan.
ALPHABET INC. 3.58% 2660.3 Delayed Quote.51.79%
APPLE INC. 1.20% 148.56 Delayed Quote.11.96%
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Financials (USD)
Sales 2021 356 B - -
Net income 2021 86 983 M - -
Net cash 2021 45 805 M - -
P/E ratio 2021 28,7x
Yield 2021 0,57%
Capitalization 2 479 B 2 479 B -
EV / Sales 2021 6,84x
EV / Sales 2022 6,53x
Nbr of Employees 147 000
Free-Float 99,9%
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 OUTPERFORM
Number of Analysts 45
Last Close Price 148,56 $
Average target price 157,14 $
Spread / Average Target 5,78%
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.11.96%2 221 291
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SHENZHEN TRANSSION HOLDINGS CO., LTD.12.40%25 292
WINGTECH TECHNOLOGY CO.,LTD-10.67%18 100
FIH MOBILE LIMITED9.47%1 327
DORO AB (PUBL)29.76%154