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May 17 (Reuters) - Amazon.com Inc and Apple Inc
will let users stream high-quality lossless audio at no
extra charge, as they explore new ways to keep subscribers tuned
in to their services amid intense competition.
Amazon Music, which so far charged a premium for lossless
audio, became the first major music service on Monday to upgrade
its subscribers to the format.
Lossless is a higher quality audio format that preserves
every detail of the original audio file without compressing the
quality while streaming.
American rapper Jay-Z s Tidal was among the first to roll
out the technology, charging $19.99 per month for lossless
An Apple Inc engineer who left the company this week after thousands of coworkers signed a petition calling for him to be sacked said on Twitter he was fired in a snap decision and that Apple made. | May 15, 2021
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(Reuters) - Apple Inc on Wednesday said Antonio García Martínez, a former Facebook Inc product manager who joined Apple recently to work in its advertising business, is no longer with the company.
García Martínez, who came to Silicon Valley after a stint on Wall Street, wrote the 2016 book Chaos Monkeys about his time in the technology industry. He joined Apple as a product engineer in Apple s advertising platform business in April, according to his LinkedIn page.
Technology news publication The Verge reported on Wednesday that more than 2,000 Apple employees https://www.theverge.com/2021/5/12/22432909/apple-petition-hiring-antonio-garcia-martinez-chaos-monkeys-facebook had signed an internal petition sent to the company s leaders with concerns about what the petition writers described as sexist and racist views in the book and whether Apple had followed its own rules in hiring García Martínez.
By Thomas Gryta and Theo Francis Consumers are splurging on cars and furniture and facing extended waits for delivery. Restaurants and gyms are reopening and struggling to find workers. Factories and home builders are trying to ramp up but are short on semiconductors or raw materials. Federal Reserve officials and most economists largely play down supply and cost problems as transitory, saying they aren t widespread enough to threaten corporate profits or the broader U.S. economy for long, especially amid strong sales. But problems are acute for some individual businesses and even entire industries. Executives from gadget giant Apple Inc. to mattress seller Tempur Sealy International Inc. said last week that supply-chain issues could curb their growth in the short term. Others have responded by raising prices on everything from diapers to air conditioners.
By Tim Higgins and Brent Kendall In the high-profile court battle set to begin Monday between Apple Inc. and Fortnite creator Epic Games Inc., the judge will grapple with a central question: how to define a market in the digital age. The case pits the world s most valuable publicly traded company, which helped usher in the app economy more than a decade ago, against a privately held videogame maker that wants to topple Apple s so-called walled garden. Epic says the App Store is a monopoly because Apple is the lone distributor of apps to more than one billion iPhones and controls the only payment system for digital services in those apps. That power, Epic says, lets Apple dictate anticompetitive commissions, including a slice as high as 30% of revenue and other terms that harm developers and increase prices. Epic has filed an analyst s estimate that Apple s operating margins for the store were as high as 80% in fiscal 2019, an estimate Apple says is wrong.