A witness at a Senate hearing compared the companies' control over their platforms to the "behavior of the robber barons."
Chip suppliers, which trimmed down chip production for autos and in turn stepped up supplies to consumer electronics, are now pressured from all quarters.
The electronics manufacturer supplies big-name tech companies such as Apple, Alphabet, Amazon, and Microsoft.
The iPhone fetched the company $65.60 billion in sales by virtue of 17.23% year-over-year growth.
The Taiwanese chipmaker's advanced semiconductor fabrication campus could generate 1,900 new jobs over the next five years.
The company's decision to put Taiwan's Pegatron on probation underscores the “challenge facing Apple as it seeks to address abuses in its supply chain."
Facebook, Google, Amazon and Apple "have become the kinds of monopolies we last saw in the era of oil barons and railroad tycoons."
Italy’s competition authority is looking into the companies’ cloud storage services after complaints about allegedly unfair commercial practices.
The company reported increased third-quarter sales across all its products, with even the iPhone up more than 1% from a year ago.
The decision by the EU court could have wide-ranging effects on multinationals.
The European Commission will look into the two Apple services to determine whether they stifle competition.
“Apple is better positioned than most to experience a rapid recovery in a post-COVID world. We see demand as pushed out, not canceled.”
