Tag Archives: Apple

Elon Musk is at war with Apple

Tesla`s CEO, and the new owner of Twitter, Elon Musk, is at war with Apple. Musk says Apple threatened to remove Twitter from the App store. Not only that. Apple has also stopped advertising on Twitter.

On Monday, Elon Musk tweeted: «Apple has also threatened to withhold Twitter from its App Store, but won`t tell us why.»

Apple is the world`s most valuable company and has huge power. The company was the top advertiser on Twitter and accounted for more than 4 percent of Twitter`s revenue in the first quarter of this year.

Photo by Brett Jordan on Pexels.com

Apple spent nearly $50 million on ads on Twitter, which is a huge loss for a company like Twitter. But if Apple were to block Twitter from its App Store, people would be unable to download the Twitter App on their iPhones, and iPads. It will also be problematic for existing users.

Twitter has warned investors in regulatory filings that the success of its services is dependent on their surviving review for compliance with App Store.

«Such review processes can be difficult to predict and certain decisions may harm our business,» the company wrote in a filing to the SEC last year.

«Failure to adhere to Apple`s and Google`s guidelines would be catastrophic, risking Twitter`s expulsion from their app stores and making it more difficult for billions of potential users to get Twitter`s services,» Yoel Roth, the company`s former head of Trust and Safety, wrote in a New York Times op-ed.

On Monday, Elon Musk also tweeted this: «Apple has mostly stopped advertising on Twitter. Do they hate free speech in America?» But Apple didn`t respond to this.

Musk has attacked Apple in a series of tweets after his takeover. He sought to stoke long-running concerns and political scrutiny over Apple`s market power. He tweeted a link to a parody video that Apple foe Epic Games made in 2020 criticizing the App Store as a «monopoly.»

He also tweeted a yes or no poll, asking his more than 119 million followers whether Apple should «publish all censorship actions it has taken that affect its customers.» In another tweet, Musk said: «Did you know Apple puts a secret 30% tax on everything you buy through their App Store?»

But there are more problems for Musk and Twitter. The EU has raised the prospect of a substantial fine or ban for Twitter after warning that it must «significantly increase» efforts to comply with new online legislation.

Twitter`s new owner, Elon Musk, was told he had «huge work ahead» to comply with the EU`s Digital Services Act, which requires tech firms to tackle problems including abusive posts and disinformation.

«I welcome Elon Musk`s statement of intent to get Twitter 2,0 ready for the DSA,» the EU`s commissioner for the internal market, Thierry Breton said. «I am pleased to hear that he has read it carefully and considers it as a sensible approach to implementing on a worldwide basis. But let`s also be clear that there is still huge work ahead, as Twitter will have to implement transparent user policies, significantly reinforce content moderation and protect freedom of speech.»

The Financial Times reported that Breton reiterated the punishments for breaches of the act, which include fines of up to 6% of global turnover, which would be around $500m in Twitter`s case, or a temporary suspension of the service if refused to comply endangers people`s life and safety. Suspension is described by the EU as a «last resort.»

Musk has fired half of Twitter`s 7,500 staff since buying the company for $44 billion in October. Another 1,200 was leaving the company in November after Musk told the remaining staff to commit to being «hardcore» or leave.

In November last year, I wrote an article about Musk and his potential Tesla phone, the Model Pi Smartphone. A phone that is connected to your Tesla EV which is also connected to the Starlink satellite.

The Tesla smartphone Model Pi is equipped with a quality 4K screen, has four cameras, and is powered by Snapdragon 898 SoC chip. Is this the reason why Apple is threatening Musk and Twitter?

White House press secretary Karine Jean-Pierre told reporters at Monday`s briefing that the White House was «keeping an eye on» Musk`s handling of Twitter.

There is no doubt: Elon Musk is at war with Apple.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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EU doesn`t like big tech

European Union doesn`t like big companies like Apple. Google, Facebook, and Amazon to name a few. They believe that companies should be small and compete with each other. The more competition, the better.

Now, Apple faces a possible hefty fine and may have to open its mobile payment system to competitors after EU`s antitrust regulators charged the iPhone maker with restricting rivals’ access to its technology used for mobile wallets.

EU`s Executive Vice-President Margrethe Vestager, in charge of competition policy, said on Monday: «Mobile payments play a rapidly growing role in our digital economy. It is important for the integration of European Payments markets that consumers benefit from a competitive and innovative payments landscape.»

«We have indications that Apple restricted third-party access to key technology necessary to develop rival mobile wallet solutions on Apple`s devices. In our Statement of Objections, we preliminarily found that Apple may have restricted competition, to benefit from its own solution Apple Pay. If confirmed, such conduct would be illegal under our competition rules.»

The investigation will now follow into suspected violations of EU antitrust rules. The European Commission and Margrethe Vestager think Apple is violating the block`s antitrust rules with its limits on rival providers of mobile wallets.

They believe that Apple «abused its dominant position» in giving a boost to its own contactless payments system.

I can only speak for myself, and I have an iPhone, but I use my Fitbit to pay with my Visa card. It`s easy, fast, and contactless. So, Apple didn`t have an advantage in my world. But the main reason is that Apple only accepts a Mastercard.

This is not the first time the EU is attacking U.S tech giants. A year ago, they attacked Apple`s handling of rival music apps. They also want major changes to the App Store and iMessage, as well as services from Google and Amazon.

Last year, Amazon was hit by the biggest ever European Union privacy fine after its lead privacy watchdog hit it with a $888 million penalty for violating the bloc`s tough data protection rules. Amazon said the decision is «without merit.»

In November last year, Google lost its appeal against a €2,4 billion EU fine over its shopping service. The Commission argued that Google had unfairly used its dominant search engine to redirect traffic to Google shopping.

Brussels claims Google began to systematically favor its shopping service in the results of its popular search engine, whose market dominance exceeds 90% in most EU countries. Google Shopping now routinely appears at the very top of search results.

Six years ago, I wrote an article about The European Commission, that said Irland had enabled Apple to pay «substantially less tax than other businesses over many years.» But the EU`s general court decided that the commission failed to prove that the Irish government had given the U.S tech giant a tax advantage.

In 2020, Apple won a landmark court case against the European Commission over the dispute concerning $14,9 billion in Irish taxes. And these are some of the few attacks on U.S tech giants.

Over twenty years ago, I can remember that Microsoft was attacked by rumors. Don`t use Windows, because it`s a virus in it. That will kill your computer, they said. Bill Gates was also attacked multiple times. Again and again. Today, we see the Marxist Media Mob use words like Oligarchs about the rich.

Sometimes, the EU should attack the rules. Not the companies.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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When will Apple fall from the tree?

Apple is another company I have been following for about 30 years now, and this is another one that survived, along with Microsoft, the dot-com bubble. I bought my first mobile phone in 1992, and that was Ericsson from Sweden. I know the rest of that story and know that Apple can go the same way. But not today.

Apple`s revenue in the quarter ended in March, grew nearly 9% YoY, and the company continues to impress. The company said on Thursday that they have strong growth, and that is exactly what I have been wondering about in times of lockdown, covid-19, and distribution challenges that could affect the global demand for smartphones and computers.

The stock went up 4,52% on Thursday, but it went down -by 2,22% in after-hours of trading on Thursday. CFO Luca Maestri warned of several challenges in the current quarter, including supply constraints related to Covid-19 that could hurt sales by between $4 billion and $8 billion. Luca also said that the demand in China was being sapped by the Covid-related lockdown. CEO Tim Cook said that Apple was «not immune» to supply chain challenges.

Apple`s revenue jumped to $97,28 billion YoY. iPhone revenue was up 5,5% and jumped to $50,57 billion. EPS is $1,52.

Apple had a habit of beating Wall Street by 3% to about 8% since 2020, but this time they «only» exceeded the estimates by 0,51%. CEO Tim Cook said the financial performance was «better than we anticipated.»

When will the Apple fall from the tree?

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Tesla phone can crush Apple and be a gamechanger

Elon Musk said he wanted to crush Apple with his new Tesla Model Pi Smartphone, which is expected to launch very soon. The phone is equipped with a quality 4K screen. It has four cameras and it is powered by Snapdragon 898 SoC chip.

Tesla Model Pi Smartphone also has up to 2TB of flash storage. In addition, the phone is connected to your Tesla EV which is also connected to the Starlink satellite. don`t worry about the charging because it has integrated solar charging technology.

Experts claim the new phone is a game-changer, and it will beat Apple. Model Pi has WiFi connectivity and 5G technology. It also has a «neural link connection» technology that will link your brain, people, and phones and transmit information between them.

There are 7 global phone makers in 2021; Samsung, Apple, Xiaomi, OPPO, Vivo, Huawei, and Transsion. Tesla Model Pi can be the next to challenge them all. It`s connected with the stars.

Model Pi has a Starlink connection. By definition, this phone will work on Mars.

To contact the author: post@shinybull.com

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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Office 365 and Azure cloud-computing made Microsoft a winner and investors sent the stock up over 50% last year

Microsoft is expected to report earnings on Wednesday 29, and along with Apple, Amazon and Facebook, their earnings can make or break the stock market. Apple has gone straight up since January last year, followed by the Space X equity Tesla. Rocket-shared both of them.

Now, its time for Microsoft with shares risen nearly 20% since their last report on October last year. That`s more than twice as much as the S&P 500 which is impressive for that tech giant. Wall Street analysts predict that Microsoft will report $35,7 billion of revenue and earnings of $1,32 per share.

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Microsoft continue to benefit from their cloud business and in addition they have $20 billion annual buybacks/dividends. This is a major reason why they outperformed the market last year. Office 365 and Azure cloud-computing made the stock a winner and investors sent the stock up over 50% last year.

Consensus revenue estimate would represent 9,8% growth compared to the same quarter a year ago. Windows, search ads, Surface and gaming boosted the company`s revenue with $11,13 billion. Cloud computing service Azure and Windows Server, SQL Server, System Center, GitHub and consulting saw $10,85 billion in revenue.

Research firm CFRA estimates that revenue from cloud-based services hit 50% of total revenue in the company`s fiscal Q4, and investors are postive to Microsoft at the moment. The company changed its strategy and are competetive to Amazon in the cloud sector as well.

The stock declined to $162,28 per share on Tuesday, down -1,67%, but Microsoft is the most valuable U.S company after Apple which is number one on the list. Microsoft`s valuation after the drop on Tuesday is $1,24 trillion, while Apple is valued at $1,35 trillion.

Microsfot signed a military cloud contract with Pentagon worth $10 billion. They won the contract in October last year after a long battle with its competitors like Amazon, Oracle and IBM. Earnings strength is very strong and looks good for future earnings growth.

Microsoft is expected to report earnings on Wednesday 29 after the market close.

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