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Apple Files for $490 Million Settlement to Resolve Class Action Lawsuit Against Apple for Misleading Investors of Demand for iPhone in 2018, CEO Tim Cook Had Told Investors in 2018 of Lower Sales with Apple Share Price Falling 10% the Next Day, Apple Reported $97 Billion Profit for 2018
16th March 2024 | Hong Kong
Apple has filed for a $490 million settlement to resolve a class action lawsuit against Apple for misleading investors of demand for iPhone in 2018. In 2018, Apple CEO Tim Cook had told investors of lower sales (1/11/2018) with Apple share price falling 10% subsequently. For 2018/2019, Apple reported $97 billion in profit. Earlier in March 2024, the European Commission fined Apple $2 billion for anti-trust breaches, restricting payment options by music streaming rivals including Spotify on App Store. Apple has announced to appeal the decision. Apple current market value is at $2.66 trillion (15/3/24). In 2023 July, Apple market value had reached $3 trillion mark at $3.05 trillion (30/6/23).
“ Apple Files for $490 Million Settlement to Resolve Class Action Lawsuit Against Apple for Misleading Investors of Demand for iPhone in 2018, CEO Tim Cook Had Told Investors in 2018 of Lower Sales with Apple Share Price Falling 10% the Next Day, Apple Reported $97 Billion Profit for 2018 “
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European Commission Fines Apple $2 Billion for Anti-Trust Breaches, Restricting Payment Options by Music Streaming Rivals Including Spotify on App Store, Apple to Appeal Decision, Apple Market Value at $2.64 Trillion
10th March 2024 – The European Commission has fined Apple $2 billion for anti-trust breaches, restricting payment options by music streaming rivals including Spotify on App Store. Apple has announced to appeal the decision. Apple current market value is at $2.64 trillion (8/3/24). In 2023 July, Apple market value had reached $3 trillion mark at $3.05 trillion (30/6/23).
Apple Market Value Reaches $3 Trillion at $3.05 Trillion, Top 10 Companies with Combined Market Value of $14.3 Trillion
1st July 2023 – Apple market value has reached $3 trillion mark at $3.05 trillion (30/6/23), with the top 10 companies with combined $14.3 trillion market value. The top 10 companies are Apple, Microsoft, Saudi Armco, Alphabet, Amazon, NVIDIA, Tesla, Berkshire Hathaway, Meta & TSM. The world’ largest economy United States GDP is $23 trillion, China is $17 trillion, and Japan is $4.9 trillion.
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