Reuters Reported Earlier, Apple Offered To Let Rivals Access Its Tap-and-go Mobile Payments Systems Used For Mobile Wallets To Settle EU Antitrust Charges
Portfolio Pulse from Charles Gross
Apple has proposed to allow competitors access to its tap-and-go mobile payment technology to address EU antitrust concerns. This move could potentially settle the charges it faces for limiting access to its payment system, which is used for mobile wallets like Apple Pay.
December 12, 2023 | 11:38 am
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NEUTRAL IMPACT
Apple's offer to open its mobile payment system to competitors may alleviate regulatory pressures in the EU and could lead to increased competition in the mobile payments market.
While the move to open up Apple's payment system could invite more competition, it may also reduce the risk of significant fines and legal battles in the EU. The short-term impact on the stock is likely neutral as the market digests the implications of increased competition against the benefits of regulatory compliance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The news of Apple's offer to the EU may have a minor impact on the Vanguard FTSE Europe ETF (VGK) as it reflects regulatory developments affecting European markets and companies within the ETF.
VGK, which tracks European stocks, may see a slight impact from this news as it pertains to regulatory changes in the European market. However, the direct effect on the ETF is likely limited as it is diversified across various sectors and companies.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30