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AAPL

Apple Inc. is facing a new antitrust lawsuit from the U.S. Department of Justice, which could potentially increase consumer demand for alternative smartphones. Entrepreneur Vivek Ramaswamy discussed the lawsuit's implications, suggesting it could open opportunities for new entrants in the smartphone market. The lawsuit accuses Apple of restricting competitors' access to iPhone hardware and software, marking the third antitrust case against the company in 14 years. Apple has vowed to fight the lawsuit, stating it threatens its innovation capabilities.

Portfolio Pulse from Ananya Gairola

March 22, 2024 | 12:34 pm

AAPL

NVDA

Ross Gerber, a Tesla Inc. supporter, criticized the DOJ's antitrust lawsuit against Apple Inc., questioning its merit and timing, especially following the launch of Apple's Vision Pro. He suggested the lawsuit was primarily about money. The DOJ accuses Apple of monopolistic practices in its iPhone and services business. Meanwhile, Apple's recent partnership with Nvidia Corp. to use Omniverse technology for the Vision Pro headset has been highlighted as a positive development.

Portfolio Pulse from Rounak Jain

March 22, 2024 | 12:22 pm

AAPL

The U.S. Department of Justice (DOJ) has filed a lawsuit against Apple Inc (NASDAQ:AAPL), alleging that the company is using its CarPlay service to dominate the automotive industry by making driving an 'iPhone-centric experience'. The lawsuit claims Apple is restricting competitors' access to iPhone hardware and software features, violating antitrust laws. Apple plans to defend vigorously against the lawsuit, stating it believes the lawsuit is wrong on facts and law.

Portfolio Pulse from Anan Ashraf

March 22, 2024 | 12:17 pm

TSLA

The resale market for Tesla Inc.'s Cybertruck is facing a downturn, with resale values plummeting from their peak. Prices have dropped significantly, with recent sales figures showing a decline from previous highs. Tesla's production ramp-up and a resale prohibition clause in their agreement, which restricts reselling within a year, are notable factors. Tesla aims to deliver 250,000 Cybertrucks annually by 2025, despite current market challenges.

Portfolio Pulse from Anan Ashraf

March 22, 2024 | 11:25 am

GOOG

GOOGL

Former employees of Alphabet Inc have criticized the company's culture, attributing it to the bias observed in the Gemini AI tool. They argue that the company's focus on diversity, equity, and inclusion over excellence has led to the tool's controversial responses around race and gender. Despite the backlash, Apple is reportedly interested in licensing Gemini AI models for future iPhones. The controversy raises concerns about the impact of 'woke AI' and Google's reputation in AI development.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 10:55 am

AAPL

Apple, Inc. (AAPL) is under antitrust scrutiny for practices that could lock customers into iPhones and hinder competitors. Despite the stock's recent underperformance, Jim Cramer and Gene Munster defend Apple, comparing the situation to Microsoft's antitrust case 25 years ago, which they argue created a buying opportunity. Cramer criticizes sellers for acting out of fear, while Munster views the DOJ probe as 'noise' and believes Apple will continue to deliver value.

Portfolio Pulse from Shanthi Rexaline

March 22, 2024 | 10:44 am

AQN

Algonquin announced that its Corporate Governance Committee will review director nominations from Starboard Value and has advised shareholders not to take any action at this time. The company values open communication with shareholders and appreciates constructive input to enhance shareholder value.

Portfolio Pulse from Benzinga Newsdesk

March 22, 2024 | 10:34 am

AAPL

Carl Pei, CEO of Nothing, criticized Apple Inc. (NASDAQ:AAPL) for its 'walled garden' strategy amid an antitrust lawsuit by the DOJ. The lawsuit accuses Apple of violating antitrust laws by limiting competitors' access to iPhone features, potentially harming companies like Amazon, Microsoft, and HTC. Apple vows to fight the lawsuit, claiming it threatens its innovation and core principles.

Portfolio Pulse from Ananya Gairola

March 22, 2024 | 10:27 am

AAPL

GOOG

GOOGL

The U.S. Department of Justice (DOJ) has cited a 2022 conversation by Apple Inc. CEO Tim Cook in its antitrust lawsuit against the company. Cook's comments about preferring to sell an iPhone to users for better messaging interoperability between iPhones and Android devices, rather than improving the interoperability itself, have been highlighted as part of the lawsuit. This issue adds to the ongoing debate over messaging between Apple and Android devices, a topic that has seen complaints from Google and its Android partners. Apple's stance on messaging and its actions against third-party messaging app Beeper are also noted. Apple's shares saw a slight increase in premarket trading following this news.

Portfolio Pulse from Rounak Jain

March 22, 2024 | 9:44 am

AMGDF

Aston Martin Lagonda Glb (OTC:AMGDF) appoints Adrian Hallmark, current head of Bentley, as its new CEO effective Oct. 1. Hallmark replaces Amedeo Felisa amidst Aston Martin's efforts to manage a significant debt burden. The company aims for stability and growth under Hallmark's leadership, leveraging his extensive experience in the luxury automotive sector.

Portfolio Pulse from Benzinga Neuro

March 22, 2024 | 9:38 am