Apple’s stock has seen a four-day consecutive decline, pressured by potential legal challenges in the United States, according to The New York Times.
The newspaper reports that an ongoing judicial investigation into Apple is nearing its conclusion, raising the specter of an antitrust case. Concerns include the preferential integration of the Apple Watch with iPhones compared to other smartphone brands. U.S. prosecutors are also examining whether Apple unfairly restricts competitors from accessing its iMessage service.
Earlier in the week, analysts, including those from Barclays, downgraded Apple shares, anticipating lackluster iPhone 15 sales and expressing skepticism about the upcoming iPhone 16.
On Friday, Apple’s stock closed down by another 0.4 percent. If these trends persist next week, Apple may lose its position as the world’s most valuable publicly traded company. With a current valuation of approximately $2.8 trillion, Apple is closely trailed by Microsoft, whose shares closed 0.1 percent lower on Friday, with a market capitalization of about $2.7 trillion.
Subscribe to our free newsletter!
- Financial news
- Market Update
Since the Russian invasion of Ukraine, Europe has decreased its gas demand by 20 percent, reaching the lowest level in a decade. Consumption has been curbed, and gas from Russia has been replaced by LNG (liquefied natural gas). The decline has been particularly noticeable in large countries such as Germany, Italy, and the United Kingdom, […]
With the aim of ensuring a smooth post-Chinese New Year return, the central bank has moved its pieces in advance by implementing the most significant cut in interest rates, particularly on the prime rate crucial for the chain of mortgage loans. Currently, the calming effect is observed mainly in the stock markets. The Shanghai Composite […]
There appears to be no halt in the upward trajectory of cocoa bean prices. In 2023, cocoa emerged as the top-performing commodity, skyrocketing by 65%. Just two months into the new year, there’s already another surge of over 40%. This places cocoa, the vital ingredient for chocolate, at the forefront of Bloomberg’s data aggregator overview […]
Blockchain technology is still in an exploratory phase in the European financial sector, but widespread adoption in wholesale payments is expected in the coming years, prompting central banks to take action. This was stated by European Central Bank member Piero Cipollone while opening the 30th Assiom Forex Congress in Genoa, emphasizing that “central banks cannot […]
Heineken and Pernod Ricard are expected to face their quarterly earnings test this week. An appointment that, in case of disappointing results, would definitively certify that inflation is now making its presence felt in consumers’ wallets. Both producers, like other competitors in the sector, have been exposed for some months to a declining market, albeit […]
Stay informed about the economy and financial markets. Reading financial insights and market news can help individuals make more informed investment decisions. It can also provide information on economic trends and events that may affect the performance of different investments. Additionally, it can help individuals stay up-to-date on changes in government policies and regulations that could impact the financial markets. Overall, staying informed about financial and market news can help individuals make more informed decisions about their investments and manage their financial portfolios more effectively.