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Apple : soars past sales, profit targets with strong iPhone demand, warns of chip shortages

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(Reuters) - Apple Inc on Wednesday posted sales and profits ahead of Wall Street expectations fueled by 5G iPhone upgrades but warned a global chip shortage could dent iPads and Mac sales by several billion dollars.
Fiscal second-quarter sales to China nearly doubled and results topped analyst targets in every category, led by $6.5 billion more in iPhone sales than predicted and Mac sales about a third higher than estimates.
Apple also announced a $90 billion share buyback, a day after Alphabet Inc promised to repurchase $50 billion in stock.
Apple Chief Executive Tim Cook said on an investor call that Apple avoided a chip shortage in the fiscal second quarter by burning through supply buffers. ....

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Apple : EU to hit Apple with antitrust charge this week - source

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BRUSSELS (Reuters) - EU antitrust regulators are set to charge iPhone maker Apple this week with blocking rivals on its App Store following a complaint by music streaming service Spotify, a person familiar with the matter said on Tuesday.
The move, the first EU antitrust charge against Apple, could lead to a fine as much as 10% of Apple s global revenue and changes in its lucrative business model.
Reuters was the first to report about the imminent EU antitrust charge in March.
Sweden s Spotify took its grievance to the European Commission in 2019, saying Apple unfairly restricts rivals to its own music steaming service Apple Music. ....

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Apple : Impact of Apple ad tracking changes will hinge on app developers, exec says

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(Reuters) - The impact of Apple Inc s new privacy controls over digital advertising tracking is likely to depend greatly on how app developers implement a new pop-up notification, Apple s user privacy chief told Reuters.
Apple on Monday started enforcing a rule introduced last year requiring developers to use a pop-up notification seeking permission to gather data that can be used to track users across third-party sites and apps.
Facebook Inc has said the rules could harm its customers. Some mobile advertising analysts believe fewer than one in three users will opt-in, which could diminish the effectiveness and profitability of ad targeting. ....

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Fortnite's Mastermind Goes to Battle with Apple -2-

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From an early stage, the plan depended on Epic s payment system being rejected, read an email between Epic executives disclosed in court records. At that point: The battle begins. It s going to be fun!
Epic co-founder Mark Rein predicted there was a greater than 50% chance Apple would immediately remove Fortnite from its platforms, according to an Epic employee deposition cited in court records. They may also sue us to make an example. Mr. Rein declined to comment.
While it worked on the technical attack, Epic also planned to cut prices on certain items in the console and PC versions of Fortnite by 20% essentially creating a reason for players to eschew the mobile alternative offered by Apple. ....

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Fortnite's Mastermind Goes to Battle with Apple

By Tim Higgins and Sarah E. Needleman
The billionaire behind one of the most successful videogames of all time came to view Apple Inc. as an existential threat to his dream of the future. So Tim Sweeney decided to fight. He gave his dispute with the world s biggest company a code name: Project Liberty.
The clash was a bold gambit from a man who built an empire around Fortnite, the online multiplayer shooter game filled with cartoonish characters that became a phenomenon beloved by teenagers around the world. The ambition of Epic Games Inc. s chief executive was that Fortnite s legions of devoted young fans could turn it into a thriving social network, and help realize his vision of the metaverse, a shared virtual world where people might one day live, work and hang out. ....

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