Apple Faces New EU Call to Open iPhone to Competitors
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Apple is under pressure from the European Commission to allow competitors access to its iPhone operating system, as part of the EU's Digital Markets Act requirements.
December 19, 2024 | 4:30 pm
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Apple is being urged by the European Commission to allow competitors access to its iPhone operating system, in compliance with the EU's Digital Markets Act.
The European Commission's demand for Apple to open its iPhone OS to competitors could lead to increased competition and potential loss of market share. This regulatory pressure may negatively impact Apple's stock in the short term as investors react to potential changes in Apple's business model and competitive landscape.
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