AAPL - Apple Inc.

NasdaqGS - NasdaqGS Real-time price. Currency in USD
222.77
+2.07 (+0.94%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous close220.70
Open221.06
Bid222.35 x 1000
Ask222.61 x 800
Day's range219.44 - 222.85
52-week range142.00 - 233.47
Volume22,999,124
Avg. volume26,355,010
Market cap1.007T
Beta (3Y monthly)1.08
PE ratio (TTM)18.92
EPS (TTM)11.78
Earnings date30 Oct 2019 - 4 Nov 2019
Forward dividend & yield3.08 (1.40%)
Ex-dividend date2019-08-09
1y target est224.48
Trade prices are not sourced from all markets
  • Apple's iPhone 11 Pro cameras are the best ever on a smartphone
    Yahoo Finance

    Apple's iPhone 11 Pro cameras are the best ever on a smartphone

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  • Apple Is Suffering an Identity Crisis With Consumers in China
    Bloomberg

    Apple Is Suffering an Identity Crisis With Consumers in China

    (Bloomberg) -- The trade war is taking its toll on Apple Inc., a new survey of Chinese consumer attitudes shows.The company tumbled to No. 24 in an annual report on China’s top brands, falling from No. 11 a year ago. In 2017, before the trade war started, Apple was fifth in this ranking. Meanwhile, Apple’s biggest local rival, Huawei Technologies Co., climbed two spots and came in second, behind only Chinese payment service Alipay.The shuffle in the rankings is a sign of the growing challenge American brands face in the second year of Donald Trump’s tariff showdown with his Chinese counterpart, Xi Jinping. The survey findings show Chinese consumers growing cooler towards some American brands, especially after Huawei saw its Chief Financial Officer, Meng Wanzhou, arrested in Canada last year at the behest of the U.S. government.Trump followed with a ban on Huawei products, which helped fuel a surge of local support for the Shenzhen-based brand, according to Jay Milliken, senior partner in Hong Kong with Prophet, the San Francisco-based consultancy that conducted the survey of 13,500 Chinese consumers.‘Nationalistic Buying’“There’s a lot of nationalistic buying in that category, because Chinese consumers interpreted what happened to Huawei as an attack,” he said.Patriotism helped fuel the rise of other Chinese brands, too. Sportswear maker Li Ning Co. cracked the top 40 for the first time, ranked No. 34, just two spots behind market leader Nike Inc.Named after its founder, the famous gymnast, Li Ning capitalized on nationalistic sentiments of many Chinese consumers with the launch last year of a China Li-Ning collection at New York Fashion Week that heavily used red and yellow, China’s national colors.There were only two American names in the top ten this year -- Android at No. 3 and Intel at No. 9 -- compared to five in the 2017 survey.Switching AllegiancesUnlike Apple, Android and Intel don’t have to worry about consumers switching allegiances to local competitors, Milliken said, and that explains why they manage to remain highly ranked.“Some Western brands are so integral in the lives of Chinese consumers, they’re almost predisposed to not losing relevance,” he said. “There are no Chinese alternatives so those remain super relevant.”Geopolitical tensions aren’t the only problem Apple faces in China, its biggest market after the U.S.While Beijing is pushing to make the country a leader in the introduction of high-speed 5G networks, Apple’s phones, even the newly announced iPhone 11, don’t support that latest wireless standard.Prophet’s survey, conducted annually, asks Chinese consumers in large cities to rank 258 brands across 27 categories.To contact the reporter on this story: Bruce Einhorn in Hong Kong at beinhorn1@bloomberg.netTo contact the editors responsible for this story: Emma O'Brien at eobrien6@bloomberg.net, Bhuma Shrivastava, Rachel ChangFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Buy Micron (MU) Stock Ahead of Q4 Earnings Amid Semiconductor Comeback?
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    Buy Micron (MU) Stock Ahead of Q4 Earnings Amid Semiconductor Comeback?

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  • Bloomberg

    California Backs Big Bond Deal for Virgin Trains' Las Vegas Line

    (Bloomberg) -- A California agency on Wednesday approved the first step in the plans of Virgin Trains USA to sell $4.2 billion in tax-exempt debt to build a high-speed train to Las Vegas from a desert town in southern California.The state’s Debt Limit Allocation Committee staff recommended that the company, backed by Fortress Investment Group’s private equity funds, receive half of its request for now, contingent on it submitting an economic development plan. Combined with an expected allocation from the federal government, a California agency would issue up to $3.2 billion of tax-exempt debt on the train’s behalf.The company in November will also ask Nevada to issue up to $800 million for the railroad, plus part of the federal allocation, so the company’s tax-exempt financing plans total $4.2 billion for the $4.8 billion project. Virgin Trains would be on the hook for debt payments, not the government agencies selling the bonds on its behalf.“Today’s approval is a major milestone in connecting Las Vegas and Southern California with intercity high-speed rail,” Ben Porritt, a spokesman for Virgin Trains, said in a statement after the vote. “This is a significant private investment that will generate thousands of new jobs, spark new mixed use and housing development and remove nearly 4.5 million cars off the road each year.”Virgin Trains, which in Florida launched the nation’s first privately-owned intercity passenger railway in more than a century, plans to lay tracks mainly along the median of Interstate 15 to Las Vegas from Apple Valley, California, 85 miles northeast of downtown Los Angeles. Construction will take three years and trains will run in 2023, the company said.Apple Valley and other officials from the San Bernardino County community known as Victor Valley at the meeting touted the project’s ambitions of sparking development.“It’s a regional kick starter that will usher in a new era of economic development in San Bernardino County by creating jobs, housing, retail, and commercial activity,” California Treasurer Fiona Ma said in a statement.To contact the reporter on this story: Romy Varghese in San Francisco at rvarghese8@bloomberg.netTo contact the editors responsible for this story: Elizabeth Campbell at ecampbell14@bloomberg.net, Michael B. Marois, William SelwayFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • 3 Large-Cap Dividend Stocks to Buy After Fed Cuts Interest Rates for Second Time
    Zacks

    3 Large-Cap Dividend Stocks to Buy After Fed Cuts Interest Rates for Second Time

    We searched, using our Zacks Stock Screener, for large-cap dividend stocks investors might want to buy after the U.S. Federal Reserve cut interest rates for the second time...

  • Bloomberg

    Apple’s Top Communications Chief Steve Dowling Leaves Company

    (Bloomberg) -- Apple Inc.’s top communications executive Steve Dowling is leaving the company.Dowling, vice president of communications and head of public relations, has worked at Apple for 16 years and been in his role since 2014. He has been responsible for Apple’s messaging to the press, iPhone launch events and internal communications for much of Apple Chief Executive Officer Tim Cook’s tenure. Recode earlier reported Dowling’s departure.“Following another successful product launch, he has decided to leave Apple to spend some much deserved time with his family,” Apple said Wednesday in a statement. He leaves behind a tremendous legacy that will serve the company well into the future. We’re grateful to him for all that he’s given to Apple and wish him the best.”Apple marketing chief Phil Schiller, known for leading the company’s secretive culture and directing product features, will take over, Apple said. Dowling’s departure marks at least the third well-known executive to leave this year, following former senior vice president of retail Angela Ahrendts and design chief Jony Ive.To contact the reporter on this story: Mark Gurman in San Francisco at mgurman1@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Andrew Pollack, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Cord Cutting COSTS!
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  • Google Roundup: Regulatory Matters, Waymo, GM Deal, Employees
    Zacks

    Google Roundup: Regulatory Matters, Waymo, GM Deal, Employees

    Google is up against a lot of scrutiny from U.S. regulators, which overshadows its legal win in Germany, self-driving prowess and strategic wins at traditional automakers.

  • Bloomberg

    Apple Fights ‘Phantom’ Units Claim in $14 Billion EU Court Clash

    (Bloomberg) -- Apple Inc. and Ireland’s court room clash with the European Commission finally lived up to its billing as the world’s biggest tax case.A two-day hearing into their appeal of the EU’s record 13 billion-euro ($14.4 billion) tax bill heated up on Wednesday as Apple rebutted claims that Irish units at the center of its fight are just “phantoms” and Ireland hit back at regulators for saying the country would willingly forgo one-fifth of its corporate tax takings.Ireland is the victim of "wholly unjustified criticism of its tax system and its approach" from the EU in "the biggest state aid case ever," said Paul Gallagher, the government’s lawyer, in closing arguments of an EU General Court hearing in Luxembourg.EU officials "have not produced to this court a single example of Apple being preferred to anyone else" and Irish tax law didn’t require Apple to pay any more.Apple and Ireland are battling the European Commission’s 2016 order that ruled illegal a tax deal that saw the company channel sales through two Irish units. The iPhone maker is the biggest target of EU Competition Commissioner Margrethe Vestager’s crusade against corporate tax deals that allow big firms to reduce their fiscal burden.Irish BranchesThe five-judge panel homed in on the exact functioning of the Irish branches that allowed Apple revenues to be covered by a national tax deal labeled as illegal by regulators.The EU asserts the units received selective tax treatment that allowed Apple to allocate all sales profits to two companies that “existed only on paper.” Apple attempted to show that each business wasn’t a ghost while saying strategic decisions over products and sales were made elsewhere and profits should also be taxed elsewhere.“This wasn’t some kind of shell company, this was a company doing things in the U.S.,” Apple’s lawyer Daniel Beard responded, citing one of the firms. He said that no critical decisions on intellectual property were made in Ireland.Marc van der Woude, a Dutch judge and the court’s vice-president, had quizzed the EU’s lawyer late Tuesday on what evidence the European Commission had to show whether the Apple units determined strategy or drew up business plans.The business "looks like a phantom company,” he said at one point. Other judges dug into details of how the branches were run and how the Irish government determined that the revenue should be taxed there.The EU’s lawyer Richard Lyal sought to dismiss Apple’s arguments that the revenue at stake should have been taxed in the U.S. where its products are developed."Apple should not now pretend" that its Irish units "make all that money but that only a tiny proportion of it should be attributed to Ireland," he told the court. "All arguments as to tax being paid in the U.S. are completely irrelevant."Amazon, AlphabetA court ruling, likely to take months, could empower or halt Vestager’s tax probes into complicated corporate structures used by many American technology firms. The EU has also scrutinized fiscal deals done by Amazon.com Inc. and Alphabet Inc. and may draft new rules to net digital companies’ revenue.The first hints of how the Apple case may turn out will come from a pair of rulings scheduled for Sept. 24.The General Court will rule on whether the EU was right to demand unpaid taxes from Starbucks Corp. and a Fiat Chrysler Automobiles NV unit. Those judgments could set an important precedent on how far the EU can question tax decisions national governments make on how companies should be treated.To contact the reporters on this story: Aoife White in Luxembourg at awhite62@bloomberg.net;Stephanie Bodoni in Luxembourg at sbodoni@bloomberg.netTo contact the editors responsible for this story: Anthony Aarons at aaarons@bloomberg.net, Peter Chapman, Molly SchuetzFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Streaming Space Heats Up: Battle For Exclusive Rights
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  • Streaming Services Declare War Over Exclusive Rights
    Zacks

    Streaming Services Declare War Over Exclusive Rights

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  • Reuters - UK Focus

    LIVE MARKETS-Closing snapshot: hold on tight

    * European shares rise slightly * Focus on Federal Reserve policy decision * UBS downgrades luxury sector to neutral * Logistics stocks fall after FedEx warning * Wall Street ticks lower Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://thyagaraju.adinarayan.thomsonreuters.com@reuters.net CLOSING SNAPSHOT: HOLD ON TIGHT (1622 GMT) European stocks managed to eke out small gains on Wednesday as investors readied for the Federal Reserve to cut rates by 25 basis points, but with the U.S. economy chugging along at a pretty decent rate the accompanying update might not be as dovish as many have hoped for.

  • Reuters - UK Focus

    LIVE MARKETS-Spain: getting harder to recover

    * European shares rise slightly * Focus on Federal Reserve policy decision * UBS downgrades luxury sector to neutral * Logistics stocks fall after FedEx warning * Wall Street ticks lower Welcome to the home for real-time coverage of European equity markets brought to you by Reuters stocks reporters and anchored today by Thyagaraju Adinarayan. Reach him on Messenger to share your thoughts on market moves: rm://thyagaraju.adinarayan.thomsonreuters.com@reuters.net SPAIN: GETTING HARDER TO RECOVER (1609 GMT) Spanish assets showed muted reaction to Madrid politicians failing to form a government. It is unlikely to lead to a strong, stable government able or willing to undertake major structural reforms," says Roberto Ruiz, chief investment officer for Spain at UBS.

  • Is Apple's Latest Corning Funding Related to Foldable Glass?
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  • Bloomberg

    Facebook Contractors Have Been Listening to ‘Hey Portal’

    (Bloomberg) -- Facebook Inc., which last month said it stopped using humans to review and transcribe users’ voice messages, will resume that practice for some audio collected from its Portal video-calling device.Facebook “paused human review of audio” around August. Bloomberg reported at the time the company hired contractors to transcribe private voice messages sent via its Messenger app. In that case, users had not been alerted to the possibility that their communications might be subject to human review. It was also unclear at the time that some of the clips Facebook had been collecting were coming from Portal.Facebook confirmed Wednesday that it was indeed collecting audio from Portal users who make a request from the device using the command “Hey Portal.” By default, those commands were recorded and stored on Facebook servers, and some of them were transcribed by contractors working with the company to improve the software algorithms used to understand the commands, according to Andrew Bosworth, Facebook’s head of hardware. That practice was paused last month at the same time Messenger stopped using humans to transcribe messages.Facebook Paid Contractors to Transcribe Users’ Audio Chats“We paused human review of the ‘Hey Portal’ voice interactions last month while we worked on a plan that gave people more transparency and control, including a way to turn it off,” Bosworth said in a statement.Portal is now reinstating human audio transcriptions but will offer consumers an option to turn off that service in a new version of its Portal software, which will be distributed to existing devices and its updated Portal lineup shipping in October.The Messenger transcriptions are separate, Bosworth added, and that program is still on pause.“The reason they’re separate isn’t because the back-end systems are separate, it’s because the data is coming in from a different place,” he told Bloomberg in an interview Tuesday. “And therefore you have a different kind of user expectation.”Facebook shares were little changed at $187.49 at 10:34 a.m. in New York.Apple Suspends Listening to Siri Queries Amid Privacy OutcryThe controversial practice of transcribing user audio clips has gotten a lot of attention in recent months because of privacy concerns. Apple Inc. and Google have both suspended similar human transcription programs, and Bloomberg first reported in April that Amazon.com Inc. was transcribing some commands from its Alexa voice assistant without people’s knowledge. Amazon now lets users opt out of that human review.Facebook decided to reinstate this practice because it’s important for training the company’s software programs to accurately understand requests, Bosworth says. He’s also aware that the idea of having humans review user audio is unsettling to many people.“The consumer reaction the last several months to these practices, not just at Facebook but other companies, gave us insight into the fact that this was something people weren’t entirely comfortable with or weren’t sure about,” he said when explaining the new privacy setting.Facebook will still collect and transcribe “Hey Portal” commands if users don’t change the default settings. Portal’s data usage policy states that the company does collect “voice queries and commands” after a user wakes the device with “Hey Portal.” The policy does not say that those audio clips may be reviewed by third-party contractors.Facebook Quizzed by Watchdog for Listening to Users’ ChatsThe importance of audio transcriptions and recordings has increased alongside the rise of digital assistants like Amazon’s Alexa and Google’s Assistant. Tech companies improve the accuracy of their software by transcribing millions of clips, which help the machines learn language and speech patterns. The practice has, however, served up a new privacy trade-off: users want the help of smart assistants but not the threat that strangers might be listening to their private conversations or messages.Facebook does not yet have an advanced standalone audio assistant to compete with the other tech giants, though its Portal device can carry out some basic commands after users wake it by saying “Hey Portal.” For more complicated requests, Portal also comes equipped with Amazon’s Alexa software.Bosworth says that while Facebook is working to improve and further develop its “Hey Portal” software, it doesn’t have any plans to completely replace Alexa on Portal devices with its own proprietary software, and Alexa is indeed present on Facebook’s newly announced set of devices.The new Facebook Portal and Portal Mini will open Facebook’s distribution of the video-calling platform beyond the U.S. and into Europe, where higher privacy standards have already saddled the social media giant with increased regulator scrutiny.(Updates with Facebook shares. An earlier version of this story corrected the spelling of executive’s name in sixth paragraph.)\--With assistance from Sarah Frier.To contact the reporters on this story: Kurt Wagner in San Francisco at kwagner71@bloomberg.net;Mark Gurman in San Francisco at mgurman1@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Vlad Savov, Edwin ChanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Zacks Investment Ideas feature highlights: Netflix, Amazon, Disney and Apple
    Zacks

    Zacks Investment Ideas feature highlights: Netflix, Amazon, Disney and Apple

    Zacks Investment Ideas feature highlights: Netflix, Amazon, Disney and Apple

  • Apple Stock Gains 40% in 2019: What’s Next for Investors?
    Market Realist

    Apple Stock Gains 40% in 2019: What’s Next for Investors?

    Apple (AAPL) shares have made a strong comeback in 2019. After falling more than 8% in 2018, the stock has risen close to 40% YTD.

  • Bloomberg

    Mark Zuckerberg Struggles to Keep Libra Alive

    (Bloomberg Opinion) -- Mark Zuckerberg’s cryptocurrency project, Libra, has become the regulatory equivalent of a pinata: Everyone is lining up to hit it with a stick. France’s finance minister Bruno Le Maire calls it an assault on sovereignty and a risk to financial stability, an attack backed up by his German counterpart Olaf Scholz who dubbed it a “parallel currency.” You can see their point.Across the Atlantic, U.S. Democrats and Republicans — including President Donald Trump — have called for tough scrutiny of the Facebook Inc. payments system, whose potential 2-billion strong user base could threaten the U.S. dollar’s supremacy.Facebook’s attempt this week to debunk the argument that it’s encroaching on government turf, via a Twitter thread from its blockchain boss David Marcus, won’t allay these fears. Marcus’s depiction of Libra as a system “running on top of” existing currencies rather than supplanting them — that is, a digital token backed by a basket of assets including dollars, euros, yen and the like — is exactly what has spooked politicians and central bankers. Libra is a so-called “stablecoin,” meaning its value will be anchored to the hard currencies that back it — similar to Singapore’s currency peg and unlike Bitcoin with its wild swings in value. But that doesn’t mean Libra’s rise would be good for those underlying currencies. If it took off, Libra would have a bigger potential user base than the combined populations of China, the U.S. and the EU. A mighty, privately-backed cryptocurrency would have all sorts of consequences on the enforcing of economic sanctions or regulation of global trade, as well as on central banks’ ability to respond to crises or recessions. Libra could gain great influence over countries with weak or unstable currencies that might otherwise lean toward the dollar or euro. That this would all be led by a tech industry that has frequently trampled consumer privacy underfoot is another worry, even if safeguards were put in place to keep the social media behemoth at arm’s length.Rather than debate with Zuckerberg, some central bankers seem to be mulling the idea of grabbing the Libra idea for themselves and setting up an alternative. If the problem with such a currency is Facebook, why not make one yourself that’s Facebook-free?The Bank of England governor Mark Carney floated last month the idea of a “Synthetic Hegemonic Currency,” one backed by a basket of reserve currencies but without the “fundamental” problems raised by Libra. This week Benoit Coeure, a European Central Bank executive, called on other central bankers to join forces and look into issuing digital currencies to fend off the private stablecoins. You can see why this might be preferable to digital coins run by Facebook, Amazon.com Inc. or Apple Inc. Ideally, central bank cryptocurrencies would have the convenience of digital cash and would probably do a better job of reining in illicit transactions and money laundering. They would let a central bank keep a tighter grip on financial stability too. And the risk of “digital dollarization,” in which countries find themselves falling under the sway of powerful digital tokens, is lessened.There are, nonetheless, trade-offs with any digital currency whomever issues it. National sovereignty might be protected but at what cost? A more efficient payments system may look cheaper but it would put central banks in a new role, one that would require more staff and better cyber-defenses. These are not things you naturally associate with cash-starved public institutions.The “sovereignty” of citizens could be eroded too as cash became more traceable. And we have no idea how it would perform in a financial panic. A digital bank run might be very ugly.These are political and social questions. It’s good for regulators to be grappling with them now rather than letting Facebook do what it likes. It doesn’t make the answers any easier, though. A central banker’s Bitcoin is no magic bullet.To contact the author of this story: Lionel Laurent at llaurent2@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Lionel Laurent is a Bloomberg Opinion columnist covering Brussels. He previously worked at Reuters and Forbes.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • Apple taps recycled rare earth elements for iPhone parts
    Reuters

    Apple taps recycled rare earth elements for iPhone parts

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  • Facebook Enters Living Room With Video Chat-Focused TV Box
    Bloomberg

    Facebook Enters Living Room With Video Chat-Focused TV Box

    (Bloomberg) -- Facebook Inc. on Wednesday upgraded its Portal video chat devices, with a new model for TVs and lower prices. It also said users can opt out of the company accessing voice recordings collected by the hardware.With the new products, called Portal TV, Portal, and Portal Mini, Facebook is trying to break into the crowded smart speaker and connected living room markets.The Portal TV, which goes on sale for $149 in October, can be connected to a TV set with standard HDMI cable and has a camera and several microphones to enable video calling via Facebook’s Messenger and WhatsApp services.The device supports Spotify, along with Amazon’s Prime Video service, Ring cameras and Alexa voice assistant. But it lacks content from Netflix Inc. and some other popular video-streaming services. That may make it difficult to compete without the range of video and apps offered by rival streaming devices from Roku Inc., Apple Inc. and Amazon.com Inc.Facebook executive Andrew Bosworth emphasized in a demonstration that the device’s primary purpose is video calling. That’s the company’s unique sales proposition and people will likely use additional devices for content that they can’t get via the Portal TV, he said.Facebook’s new Portal smart display devices, coming later in October, will sell for $129 and $179, down from the previous $199 starting price. The devices still come in two sizes, 8-inch and 10-inch variations. The new versions have improved speakers and a physical shutter that can either disable both the camera and microphone or just the camera.Facebook said it will transcribe some audio clips collected by the Portal devices, but users will be able to opt out.Facebook first launched its video-calling hardware in 2018, following a series of privacy scandals. The company doesn’t report Portal sales, but it slashed the price in half earlier this year. Bosworth said sales and consumer reception of the device were “warmer” than expected, but he declined to provide specific figures.To contact the reporters on this story: Mark Gurman in Los Angeles at mgurman1@bloomberg.net;Kurt Wagner in San Francisco at kwagner71@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Alistair Barr, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Apple spars with EU as £11.5 billion Irish tax dispute drags on
    Reuters

    Apple spars with EU as £11.5 billion Irish tax dispute drags on

    Apple accused the European Commission of misunderstanding its business on day two of the iPhone maker's appeal against a $14 billion (£11.5 billion) tax order, in a dispute that is key to the EU's drive to collect more taxes but which could also run for years. The case centres on tax rulings granted by Ireland to two Apple businesses in the country, Apple Sales International and Apple Operations Europe. The rulings reduced Apple's tax burden for more than two decades - to as low as 0.005% in 2014, according to the Commission, although Apple disputes this.

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