Apple's iOS 17.4 Update Spurs Firefox, Brave User Surge In EU: 'There Is A Lot Of Room For Improvement...'
Portfolio Pulse from Ananya Gairola
Apple Inc.'s iOS 17.4 update, in compliance with the EU's Digital Markets Act, has led to a significant increase in users for Mozilla Firefox and Brave browsers in the EU. Firefox saw a more than 50% rise in users in Germany and a nearly 30% increase in France. Brave also experienced a surge in users after the update allowed for the selection of default browsers. The update introduced changes like alternative app marketplaces and third-party browser engine support, exclusively in the EU.
March 14, 2024 | 12:02 pm
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Apple Inc.'s iOS 17.4 update, aimed at complying with the EU's Digital Markets Act, has indirectly benefited competitors like Firefox and Brave by increasing their user base in the EU.
While the update is designed to comply with regulatory requirements and does not directly impact Apple's financials, the increased competition in browser choice could influence Apple's Safari browser market share in the EU. However, the overall impact on Apple's stock price is likely to be neutral in the short term, as the company's financial performance is driven by a broader range of products and services.
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