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Foxconn, the world’s largest electronics contract manufacturer, did not provide an estimate of the quarterly drop, but said the year’s first three months represent an off-peak season for the industry.
Apple has been the world’s most valuable publicly-listed company since July 2022, but has seen about US$177 billion in market value erased so far this year.
Apple's firm grip on third-party iPhone apps through its exclusive App Store policies is facing heightened investigation.
Google will pay $630 million to refund US consumers overcharged for in-app purchases made through the Play Store between August 2016 and September 2023.
Indian app developers and startup founders are cheering gaming company Epic Games win over Google in an antitrust case in the US, saying they feel “vindicated” and expect “positive ripple effects” on similar cases in India and elsewhere.