Reportedly, Apple Inc. (AAPL) has urged U.S. lawmakers to not approve an app store bill, expected to be approved by a Senate panel this week. The bill would restrict Apple and Google from requiring app providers to use their payment system, and would further prohibit them from punishing apps that offer different conditions or prices through another app store or payment system. Democratic Senators Richard Blumenthal and Amy Klobuchar, and Republican Senator Marsha Blackburn have sponsored the legislation.
Apple put forward that allowing people to load apps on their phones without Apple’s app store, a practice is known as “sideloading,” would allow those app companies to avoid Apple’s “pro-consumer privacy protections.”
Apple stakes are high with the $68.4 billion services business as the smartphone market has matured.
Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners, receive our FREE email updates throughout the week, and view our exclusive content and research.