00:31:37 EDT Sat 12 Jul 2025
Enter Symbol
or Name
USA
CA



Apple CDR (CAD Hedged)
Symbol AAPL
Shares Issued 10,950,000
Close 2024-08-16 C$ 33.31
Market Cap C$ 364,744,500
Recent Sedar Documents

Globe/NYT say Apple gives up a bit, hopes it's enough

2024-08-19 08:20 ET - In the News

The Globe and Mail reports in its Saturday edition that governments around the world have pressured Apple with laws and lawsuits that aim to loosen its grip over the digital economy. A New York Times dispatch to The Globe says that now, the tech giant is beginning to make concessions. In Europe, where a new law permits third party app stores and app promotions, Apple has approved a competing app store from Epic Games, the maker of Fortnite, and permitted the streaming app Spotify to list its summer pricing discount inside its music streaming app, Epic and Spotify said Wednesday. In the United States, where a Justice Department lawsuit accuses Apple of creating a smart phone monopoly, the company said Wednesday that it would allow apps to use its contactless transaction technology, the NFC chip, to provide customers with in-store payments, hotel keys and rewards cards. The changes are among the first examples of how Apple is opening up the iPhone. The company has spent much of the past year testing the boundaries of how far it must go to satisfy the demands of government authorities. App developers say Apple's changes still show that the company is more interested in protecting its business than complying with the law.

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