Reported 8 months ago
The European Union has charged Apple under the Digital Markets Act for alleged unfair restrictions in its App Store, which might result in fines. Analyst Bob O'Donnell believes any stock reaction to the news is premature as the investigation could last until March 2025. He expects Apple to make necessary tweaks to comply with EU requirements, indicating that the long-term impact on the company's value and stock view may not be substantial. Investors seem to be taking the news in stride, with Apple's stock slightly up. Apple's potential partnership with Meta in AI development and its cautious approach in integrating OpenAI into Siri are also discussed in the analysis.
Source: YAHOO