Regulatory Scrutiny Tightens: Is Apple Stock Going Down?

Thestreet2021-08-12

Another chapter in a long-lasting drama involving Apple(AAPL)and government regulatory bodies is unfolding. The Open App Markets Act,introducedon August 11, would “protect developers’ rights to tell ...

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Comments

ils
2021-08-12
ils
Only go up
- RS142:
  it will
eyescold
2021-08-12
eyescold
?
uma1
2021-08-12
uma1
Hi
nelson21
2021-08-12
nelson21
pls like and comment
Dommm
2021-08-12
Dommm
Cool
- PutraHafiz:
  HAHAHA
OJC
2021-08-12
OJC
Buy more
- OJC:
  ??

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The Open App Markets Act,introducedon August 11, would “protect developers’ rights to tell ...</p>\n\n<a href=\"https://www.thestreet.com/apple/apple-services/regulatory-scrutiny-tightens-is-apple-stock-going-down\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AAPL","symbol_name":"苹果","start_time":0,"source_url":"https://www.thestreet.com/apple/apple-services/regulatory-scrutiny-tightens-is-apple-stock-going-down","article_id":"1118557765","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1118557765","pubTimestamp":1628773597,"sourceInfo":null,"weMediaInfo":null,"summary":"Another chapter in a long-lasting drama involving Apple(AAPL)and government regulatory bodies is unf","collect":0,"end_time":0,"defaultTopTitle":"thestreet.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"AAPL":"苹果"},"translate_title":"监管审查收紧：苹果股票在下跌吗？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AAPL":0.9},"content_text":"Another chapter in a long-lasting drama involving Apple(AAPL)and government regulatory bodies is unfolding. The Open App Markets Act,introducedon August 11, would “protect developers’ rights to tell consumers about lower prices and offer competitive pricing”, among other things.\nIf passed, will the new legislation have a substantial impact on Apple’s App Store and its high-growth, high-margin business? And if so, could this be a negative catalyst pushing Apple stock lower in the foreseeable future?\nSome background first\nUS Republican and Democrat policymakers agree on very little. A notable exception is the belief that Big Tech needs to be better regulated to ensure fairness and open competition in mobile apps, social media, online search, consumer tech services and others.\nThe history of scrutiny over the tech monopolies and oligopolies is long. Since launching the Apple Maven channel as recently as May 2020, I have witnessed:\n\nalawsuitbrought against Alphabet (GOOG) over search ads;\nfour proposed antitrust billsagainst Amazon and peers;\na series of investigationsabout the App Store’s controlof the app market in Europe;\nan epic battle between Apple and Epic Gamesover the App Store’s competitive powers.\n\nNow, app stores have taken center stage once again. According to the Senate bill, U.S. consumers spent nearly $33 billion in mobile app stores in 2020 alone. If the app space were controlled by one single company (it is largely controlled by two), it would be a Fortune 100 company by revenue size.\nYes, it matters a lot\nTo be fair, this Wednesday’s news did not lead to bearishness, as Apple stock managed to top the performance of a struggling Nasdaq index for the day. 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