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Apple takes fight against €500m EU fine to court

Apple took a challenge against EU regulators to Europe's second highest court today after they fined it €500m earlier this year for breaching landmark rules aimed at curbing the power of Big Tech.

Business • 07 Jul

Foxconn reports record second quarter revenue

Taiwan's Foxconn, the world's largest contract electronics maker, reported record second-quarter revenue on strong demand for artificial intelligence products but cautioned about geopolitical and exchange rate headwinds.

Business • 07 Jul

Tax take to end of May up 3.6% on same time last year

Taxes collected by the State rose by 3.6% in the first five months of the year to €36.4bn, according to latest Exchequer Returns from the Department of Finance.

Business • 05 Jun

Micheál Martin said that Donald Trump's tariff threat was a surprise

'Very damaging' if Trump acts on tariff threat - Martin

The Taoiseach has said that it would be "very damaging" if US President Donald Trump acts on his threat to impose 50% tariffs on the EU from the start of June.

Business • 23 May

Income tax receipts rose by 7.5% to €3.5 billion in April compared to the same time last year, new figures from the Department of Finance show

Tax take to end of April up 15% on same time last year

Tax receipts for the first four months of the year are up 15.3% on the same time last year, the latest Exchequer Returns from the Department of Finance show.

Business • 06 May

Apple CEO says company is likely to further shift US-bound production to India to reduce exposure to future risks

Apple says most US bound iPhones no longer made in China

Apple has reported first-quarter profit above expectations but warned that US tariffs could cost the company and were disrupting its supply chain.

US • 02 May

The fines follow a year-long investigation by the European Commission.

What happens to Apple and Meta after the EU fine?

European Union antitrust regulators have today fined Apple 500 million euros and Meta 200 million euros to make the companies comply with the Digital Markets Act, which seeks to allow smaller rivals into markets dominated by the biggest companies.

Business • 23 Apr

The fines on Apple and Meta could stoke tensions with US President Donald Trump

Apple fined €500m and Meta €200m for breaching EU law

Apple has been fined €500m and Meta €200m, as EU antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.

Business • 23 Apr

Apple had 19% of the smartphone market, despite flat or declining sales in the US, Europe and China, followed by Samsung

Apple takes top spot for first-quarter smartphone sales

Apple took the top spot for global smartphone sales in the first quarter on the back of the iPhone 16e's launch and strong demand in countries such as Japan and India, data from Counterpoint Research shows.

Business • 15 Apr

Apple takes top spot for first-quarter smartphone sales

Apple took the top spot for global smartphone sales in the first quarter on the back of the iPhone 16e's launch and strong demand in countries such as Japan and India, data from Counterpoint Research showed today.

Business • 14 Apr

Most iPhones are still made in China, which was hit with a 54% tariff.

Will Trump tariffs make Apple iPhones more expensive?

iPhones could soon become pricier, thanks to tariffs.

Business • 03 Apr

Apple reports higher profits at Irish subsidiary in Cork

The Irish subsidiary of Apple has reported a 60% increase in profits to $62.3 billion in 2024, while net sales for the entire Apple group reached $222.3 billion.

Business • 31 Mar

Apple set to stave off EU fine into browser options

Apple is set to stave off a possible fine and an EU order over its browser options on iPhones after it made changes to comply with landmark EU rules aimed at reining in Big Tech, people with direct knowledge of the matter said today.

Business • 25 Mar

Apple has spent more than $5 billion a year on content since launching Apple TV+ in 2019

Apple losing over $1 billion a year on streaming service

Apple is losing more than $1 billion a year on its streaming service Apple TV+, the Information reported today, citing two people familiar with the matter.

Business • 20 Mar

Apple slammed the EU order, saying it would hurt users and help its rivals

Apple ordered by EU regulators to open up to rivals

Apple was ordered by EU antitrust regulators today to open up its closed ecosystem to rivals, with the latter spelling out details on how to go about it in line with the bloc's landmark rules and where non-compliance could lead to an investigation and fines.

Business • 19 Mar

Apple joins Google parent Alphabet and Facebook owner Meta on Germany's growing list of tech giants subject to possible measures curbing their dominance

Apple loses German antitrust fight

Apple has lost its challenge at Germany's top civil court against its classification as a significant market power, a label which gives antitrust regulators more scope and flexibility to scrutinise its business practices.

Business • 18 Mar

US District Judge Katherine Failla said that the book and the movie were not similar enough to support Ackerman's allegations.

Apple defeats copyright lawsuit over 'Tetris' movie

Apple convinced a New York federal court today to dismiss a copyright lawsuit brought by tech journalist Dan Ackerman, who accused the tech giant of ripping off his book about the landmark video game "Tetris" for a movie on the same subject.

Business • 06 Mar

The State's coffers benefitted from a €1.7 billion payment in February, which was part of the Apple settlement

Tax receipts in year to February up 12% on last year

Tax receipts in the first two months of this year are up 12% on the same time in 2024, indicating that the economy continues to power ahead.

Business • 05 Mar

The introduction of AI-enabled personal computers is expected to drive a recovery in the PC market this year after a post-pandemic slump.

Apple launches new MacBook Air models with M4 chip

Apple has unveiled new MacBook Air models with latest M4 chip and artificial-intelligence features at a price $100 lower than the previous generation, as the company looks to spur sales and persuade customers to upgrade their devices.

Business • 05 Mar

Apple has been equipping its devices with more powerful chips designed to handle AI tasks

Apple launches new iPad Air with AI features

Apple has launched new versions of its iPad Air, enhancing the mid-tier tablet with its M3 chip and artificial intelligence capabilities in a bid to spur upgrades among customers.

Business • 04 Mar

The lawsuit alleged Apple violated antitrust law by coercing customers to use the company's iCloud service

Apple defeats US consumer lawsuit over iCloud storage

Apple has won a ruling dismissing a lawsuit that accused the iPhone maker of illegally monopolising the market for digital storage, causing consumers to pay more for its iCloud service.

Business • 03 Mar

Apple's shareholders yesterday voted overwhelmingly to keep the company's diversity, equity and inclusion policies

Trump asks Apple to end diversity policies after vote

US President Donald Trump has urged Apple to scrap its diversity, equity and inclusion policies, a day after the iPhone maker's shareholders voted overwhelmingly to keep them in the face of growing pushback from conservative groups.

Business • 27 Feb

The vote was a test of shareholder views about the value of DEI programs, which many companies added or beefed up starting in 2020 amid the Black Lives Matter movement.

Apple investors reject proposal against diversity policy

Apple shareholders rejected an outside investor proposal against its diversity, equity and inclusion policies at an annual meeting today, handing a major victory to the tech giant as opposition against such efforts gains traction in the US.

Business • 25 Feb

Apple CEO Tim Cook is reported to have met US President Donald Trump last week

Apple plans Texas factory for AI servers, 20,000 jobs

Apple said today it plans to help bring online a quarter-million-square-foot factory in Texas by 2026 to build artificial intelligence servers and will add about 20,000 research and development jobs across the US.

Business • 24 Feb

Priced at $599, the iPhone 16e will have enough computing power to run Apple Intelligence, the set of features that includes integrated access to ChatGPT.

Apple launches low-cost iPhone 16e

Apple launched its latest low-cost model, dubbed the iPhone 16e today, as it looks to grab a bigger share of the mid-range smartphone market and fend off competition from rivals such as Samsung and China's Huawei.

Business • 20 Feb