Apple To Let iPhone Users Delete Native Apps As Part Of Bid To Comply With EU Digital Competition Law; Says Apps Include Safari, App Store, Camera, Photos And Messaging
Portfolio Pulse from Benzinga Newsdesk
Apple is allowing iPhone users to delete native apps like Safari, App Store, Camera, Photos, and Messaging to comply with EU digital competition laws.
August 22, 2024 | 4:09 pm
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Apple is making changes to its iPhone software, allowing users to delete native apps to comply with EU digital competition laws.
The change is a direct response to regulatory pressure from the EU, which could affect Apple's control over its ecosystem. However, the immediate financial impact is uncertain, as it may not significantly affect revenue or user base in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Apple's compliance with EU laws may influence European markets, potentially impacting ETFs like VGK that have exposure to European equities.
While VGK is not directly affected by Apple's changes, the compliance with EU laws could influence the broader European market, which VGK is exposed to. However, the impact is likely indirect and not immediate.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30