Why Tech Stocks Are Dropping Monday

03:11pm, Monday, 13'th Jan 2025
Technology stocks struggled across the board in intraday trading Monday, including declines among Magnificent 7 firms and a big hit to quantum computing stocks.
Although AAPL's AI push and growing Services business are positives, stretched valuation and China headwinds are concerning.
Smartphone shipments for Apple and Samsung declined in the fourth quarter globally, as they grapple with intense competition from Chinese companies including Xiaomi, according to preliminary data from
Smartphone giant Apple Inc's AAPL iPhones, minus their highly anticipated Apple Intelligence features, failed to gain traction in China, paving the way for the country's domestic players in 2024.
Lawyers representing the class action said that Apple excluded potential rivals from competing for customers on devices running its iOS operating system by forcing developers to sell their apps exclus
Apple urged shareholders to vote against a proposal to abandon its diversity, equity and inclusion commitments, making the company one of few to take a public stance in favor of its diversity standard
Apple's new fees for app developers have come under fresh scrutiny from the European Union's antitrust regulators on concerns it could inflate costs for software makers, Bloomberg news reported on Mon
Apple is in court in the U.K. this week defending itself against monopoly-related charges. As Bloomberg News reported Monday (Jan. 13), the potentially $1.8 billion class action suit before London'
Meta Platforms (META) CEO Mark Zuckerberg says Apple (AAPL) hasn't "invented anything great in a while" on the "Joe Rogan Experience." In other Big Tech headlines, HSBC cut its price target on Nvidia
The big stocks in the tech sector of the United States are all on the back foot in premarket trading, as fears of interest rates rising even further, and the restrictions on Nvidia exporting AI chips
The company's smartphone sales fell in 2024 amid a muted response to its artificial-intelligence features, according to Counterpoint Research.
Apple's (AAPL) global smartphone market share slipped one percentage point to 18% last year as fourth-quarter iPhone sales dropped 5%, according to Counterpoint Research.
Apple has abused its dominant position by charging app developers an unfair 30% commission through its App Store, costing British consumers up to 1.5 billion pounds ($1.8 billion), a London tribunal h

iPhone's AI Limits in China Fuel 5% Sales Dip

06:44am, Monday, 13'th Jan 2025
Apple's iPhone sales reportedly dropped 5% late last year amid stronger competition from Chinese rivals. Much of this decline can be attributed to the lack of Apple's artificial intelligence (AI) feat
Class action alleges company is abusing its dominant position in the app market and 30% fee breaches laws
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