Opera Welcomes Apple's Decision To Allow Alternate Browsers For iOS Users; To Ship Opera One
Portfolio Pulse from Benzinga Newsdesk
Opera has announced plans to ship Opera One, a new AI-centric browser with its own engine, following Apple's decision to allow alternative browsers for iOS users. This move comes after Apple's announcement related to the Digital Markets Act (DMA).
January 26, 2024 | 5:04 pm
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POSITIVE IMPACT
Opera is set to benefit from Apple's new policy by launching Opera One, an AI-centric browser, which could capture a new user base on iOS devices.
Opera's announcement of Opera One, which will leverage the new opportunity created by Apple's policy change, is likely to be seen as a positive development for the company. The ability to compete on iOS devices could lead to an increase in market share and user base for Opera, potentially boosting its stock in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90
NEUTRAL IMPACT
Apple's decision to allow alternative browsers on iOS could potentially increase competition in the browser market, which may impact Safari's dominance on Apple devices.
Apple's decision to open up iOS to alternative browsers like Opera One could diversify the browser market on Apple devices, but it's uncertain how much of Safari's user base will switch to new options. The impact on Apple's stock is likely to be neutral in the short term as the overall revenue from Safari is a small part of Apple's total revenue.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70