|Bid||1,530.04 x 800|
|Ask||1,531.26 x 1100|
|Day's range||1,522.18 - 1,561.35|
|52-week range||1,013.54 - 1,733.18|
|Beta (5Y monthly)||1.11|
|PE ratio (TTM)||33.56|
|Forward dividend & yield||N/A (N/A)|
|1y target est||1,719.17|
Encouraged by the spate of antitrust activity brewing in both the Justice Department and on Capitol Hill, Apple may be developing a search competitor to Google, according to a report in the Financial Times. Signs of Apple's resurgent interest in search technologies can be found in both a subtle but significant change to the latest version of the iOS 14 iPhone operating system and increasing activity from Apple's spidering tools that are used to scour the web and refine search functionality, the Financial Times reported. Apple is now showing its own search results and linking directly to websites when users type queries from its home screen in iOS 14.
Google search engine rivals have dialled up pressure on the European Commission over the tech giant’s 'pay-to-play' choice screen for Android users in Europe -- arguing the Google-devised auction has failed to remedy antitrust issues identified by the European Commission more than two years ago. The joint letter to the Commission, which has been signed by Ecosia, DuckDuckGo, Lilo, Qwant and Seznam, requests a trilateral meeting between the EU executive, Google, and the five search rivals -- with "the goal of establishing an effective preference menu".
The European Union's plan to rein in U.S. tech giants with new rules could cost the 27-country bloc as much as 85 billion euros (77.08 billion pounds)in economic growth, Brussels-based think tank ECIPE warned. Under the proposed rules, Facebook <FB.O>, Alphabet <GOOGL.O> unit Google, Amazon <AMZN.O> and Apple<AAPL.O> could be forced to share data and banned from favouring their own services. In a study sponsored by Google, due to be published this week and seen by Reuters, the European Centre for International Political Economy (ECIPE) said changing the regulatory approach could have a chilling effect on the EU economy.