EU's Breton, After Meeting Apple CEO Tim Cook, Calls Apple To Open Up Its Gates To Competitors
Portfolio Pulse from Charles Gross
EU's Internal Market Commissioner Thierry Breton, after meeting with Apple CEO Tim Cook, has called on Apple to open up its gates to competitors. This comes amid the EU's ongoing scrutiny of big tech companies and their market dominance.
September 26, 2023 | 10:30 am
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NEGATIVE IMPACT
Apple Inc. is under pressure from the EU to open up its market to competitors, which could potentially affect its market dominance and revenues.
The EU's call for Apple to open up its market to competitors could potentially lead to increased competition and a decrease in Apple's market share and revenues. This could negatively impact Apple's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The Vanguard FTSE Europe ETF (VGK) could potentially be affected by the EU's regulatory scrutiny of big tech companies like Apple.
The EU's regulatory scrutiny of big tech companies like Apple could potentially lead to changes in the market dynamics and affect the performance of ETFs like VGK that have exposure to these companies.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 60