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Apple Inc’s (NASDAQ: AAPL) internal email correspondence sheds a light on efforts it made to prevent
Netflix Inc (NASDAQ: NFLX) from abandoning in-app purchases offered to its viewers, The Verge reported Wednesday.
What Happened: The emails were revealed as a part of the ongoing lawsuit between “Fortnite” maker Epic Games and the Tim Cook-led company.
The correspondence commences with an explanation that Netflix wanted to run a study that would involve disabling in-app purchases on iOS in order to study “voluntary churn.”
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Apple then reportedly conceptualized a plethora of measures in order to encourage Netflix to keep offering in-app purchases.
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Apple Inc (NASDAQ: AAPL) and
Tesla Inc (NASDAQ: TSLA) are both increasingly dependent on China for generating revenues, the latest respective company earnings indicate.
What Happened: In the quarter ended March 2021, the Tim Cook-led company saw revenues rise in China more than from all other territories with the exception of the rest of Asia Pacific.
Cook said he was “very pleased” with Apple’s performance in China during the earnings call.
“We set a March quarter revenue record and grew strong double digits across each of the product categories.” The Apple CEO said that the company was “attracting some new customers in China, which is really important to us.”
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