Apple reported a slight increase in revenue driven by a 17% increase in the services business, which now includes Apple TV Plus video streaming. Sales of Apple’s flagship product, the iPhone, fell about 7%, although analysts had expected an even greater decline caused by the pandemic. Net profit fell fractionally to $11.25 billion. Apple also reported a slight dip in revenue from the iPad and a...
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Why DOJ’s Damaging Evidence Against Google May Not Be Enough to Break Up the Company
Justice Department lawyers on Tuesday revealed embarrassing details about Google’s conduct in the online ad industry as part of a new antitrust lawsuit. Despite evidence and allegations that Google rigged advertising auctions and effectively stole money from website publishers that rely on the company’s advertising tools, the DOJ will have a hard time winning the case and breaking...
Japan and Netherlands To Join U.S. Restrictions on Chip Machinery Exports to China
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