Apple Rolls Out iOS 17.4 Update — Here's What's New On Your iPhone
Portfolio Pulse from Rounak Jain
Apple Inc. has released the iOS 17.4 update, introducing significant changes for EU users, including alternative app stores, a new fee structure, a default browser selection screen, alternative payment options in apps, and improvements to Siri and stolen device protection. This follows a record EU antitrust fine of $1.95 billion against Apple for its practices against Spotify and other music streaming services. Meta and Microsoft had previously criticized Apple's alternative app store proposal.
March 06, 2024 | 12:37 pm
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Meta Platforms Inc. previously criticized Apple's alternative app store proposal, which is now being implemented in the iOS 17.4 update.
Meta's CEO Mark Zuckerberg had expressed concerns over Apple's alternative app store proposal, which is now part of the iOS 17.4 update. The impact on Meta's strategy and operations is uncertain, but it indicates a potential shift in the dynamics between these tech giants.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Microsoft Corp. had previously criticized Apple's alternative app store proposal for EU users, now implemented in the iOS 17.4 update.
Microsoft, alongside Meta, had criticized Apple's proposal for an alternative app store in the EU, which has now been realized in the iOS 17.4 update. The long-term impact on Microsoft's position and its relationship with Apple remains to be seen, reflecting ongoing tensions between major tech companies over app store policies.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Apple's iOS 17.4 update introduces significant changes for EU users, potentially affecting its market position and addressing regulatory concerns.
The iOS 17.4 update is a direct response to regulatory pressures and antitrust fines, aiming to improve Apple's standing in the EU market by offering more flexibility and addressing competition concerns. This could positively impact Apple's image and potentially its market share in the EU.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
Spotify may benefit from Apple's new app store policies and fee structures introduced in the iOS 17.4 update, following its complaint leading to an EU antitrust fine against Apple.
Spotify's 2019 complaint against Apple's app store fees and restrictions led to a significant EU antitrust fine against Apple. The changes introduced in the iOS 17.4 update, such as reduced fees and alternative payment options, could benefit Spotify and similar services by lowering operational costs and increasing competitiveness.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 70