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Apple beats out Samsung for first time in 14 years to become world's top smartphone seller
New York Post· 2025-11-27 17:42
Apple’s smartphone shipments in 2025 are expected to top Samsung’s for the first time in over a decade and become the world’s leading seller of smartphones, according to a new report.An analysis by Counterpoint Research found that global smartphone shipments will rise by 3.3% year over year in 2025, with much of the gain driven by Apple.Shipments of iPhones are expected to climb 10% year over year in 2025, in part because of growing demand for the iPhone 17 series in key regions.Counterpoint projected that ...
3 Millionaire-Maker Stocks to Buy Right Now
247Wallst· 2025-11-27 14:00
Skip to content S&P 500 6,817.40 -0.03% Dow Jones 47,441.80 -0.05% Nasdaq 100 25,254.60 -0.04% Russell 2000 2,484.72 -0.18% FTSE 100 9,685.60 -0.13% Nikkei 225 50,057.50 -0.17% Investing 3 Millionaire-Maker Stocks to Buy Right Now Quick Read ByChris MacDonald Just now This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. How to Add Us to Google News Sending You to Google News in 3 © 24/7 Wall St. With a little more than ...
Wedbush's Dan Ives says AI boom is only beginning, names 10 stocks he sees as winners
Invezz· 2025-11-27 13:43
Artificial intelligence stocks are not overheating — they are just beginning to show their potential. That is the view of Wedbush Securities analyst Dan Ives, who says Wall Street bears are mistaking ... ...
Apple is challenging India's anti-trust body over a potential $38 billion fine
CNBC· 2025-11-27 11:00
Core Viewpoint - Apple is challenging India's new antitrust law, which could impose fines of up to $38 billion, arguing that the use of global turnover for penalty calculations is unconstitutional and unjust [1][2]. Group 1: Legal Challenges - Apple has filed a case in Delhi High Court against the Competition Commission of India (CCI) regarding the calculation of penalties based on global turnover [1]. - The company claims that the CCI's approach is "unconstitutional, grossly disproportionate, unjust" [2]. - The CCI is investigating complaints from Indian startups and Match Group, alleging that Apple engages in "abusive conduct" by enforcing high commissions for in-app purchases [2]. Group 2: Market Performance - Apple recorded its highest-ever quarterly shipments in India, reaching 5 million units in Q3 2025, according to IDC data [3]. - The CCI's preliminary view suggests that Apple's mandatory use of its in-app purchase (IAP) system restricts app developers' choice of payment processing systems [3].
Intel Stands By Hiring Former TSMC Executive Accused Of Leaking Trade Secrets - Apple (NASDAQ:AAPL), Intel (NASDAQ:INTC)
Benzinga· 2025-11-27 10:08
Intel Corp. (NASDAQ:INTC) on Thursday said it stands by its decision to hire a former senior Taiwan Semiconductor Manufacturing Company Ltd (NYSE:TSM) executive, two days after the Taiwanese contract chipmaker filed a lawsuit alleging Wei-Jen Lo had leaked trade secrets. Intel did not immediately respond to Benzinga‘s request for a statement. However, the U.S. chipmaker told Reuters and Nikkei Asia in an emailed statement that it sees no basis for the allegations involving Lo. The company said that talent m ...
Apple vs CCI: India’s global turnover penalty violates fundamental rights
BusinessLine· 2025-11-27 09:07
Core Argument - Apple Inc has challenged the constitutionality of India's anti-trust law provisions that link penalties to global turnover, arguing that this violates fundamental rights guaranteed under the Constitution [1][2][4] Legal Provisions and Arguments - The company argues that the amended Section 27(b) of the Competition Act, which defines "turnover" as "global turnover," expands the basis for penalties to include worldwide revenue, which it claims is unconstitutional [3][4] - Apple seeks to quash the amended provisions and certain guidelines from the Competition Commission of India (CCI) that it deems arbitrary and ultra vires of the Competition Act [7][9] Confidentiality and Financial Statements - The petition requests the quashing of parts of the 'confidentiality ring' order that requires Apple to submit interlinked financial statements, arguing that this direction is legally invalid [5][6] Supreme Court Precedent - Apple references the Supreme Court's judgement in the Excel Crop Care case, which interpreted turnover as "relevant turnover," asserting that the doctrine of proportionality is protected under the Constitution [8] Specific Examples of Disproportionate Penalties - The company illustrates its argument by providing an example where a penalty based on total turnover would be arbitrary and disproportionate, as it would consider revenue from unrelated markets [10][11]
ETtech Explainer: Why Apple is fighting India’s heavy-fine rule
The Economic Times· 2025-11-27 08:16
Core Viewpoint - Apple is contesting recent changes to India's competition law that allow the Competition Commission of India (CCI) to impose fines based on a company's global turnover, which could expose Apple to penalties of up to $38 billion, arguing that the law is arbitrary and unconstitutional [2][8]. Group 1: Legal Challenge - The amended Competition Act permits fines of up to 10% of a company's global turnover derived from all products and services, retrospectively [2][8]. - Apple contends that penalties should only apply to the specific part of the business that breaches the law, not the entire global operations [3][9]. - The company is seeking partial quashing of the CCI's Confidentiality Ring Order, which requires the submission of audited financial statements for FY2022 to FY2024 under the new penalty rules [4][9]. Group 2: Constitutional Arguments - The petition argues that the new penalty measures violate the "doctrine of proportionality" under Articles 14 and 21 of the Constitution, emphasizing that laws should apply prospectively rather than retrospectively [5][9]. - Apple requests the court to declare certain penalty guidelines as arbitrary and beyond the powers of the Competition Act [6][9]. Group 3: Industry Implications - Experts suggest that the changes could significantly impact foreign companies operating in India and Indian companies with substantial overseas revenue, potentially increasing monetary liability in competition cases [7][9]. - The case hearing was scheduled for December 3, with senior counsel representing Apple [7][9].
Counterpoint Says Apple Will Overtake Samsung in Global Smartphone Sales
PYMNTS.com· 2025-11-26 22:50
Core Insights - Apple is projected to surpass Samsung as the world's leading smartphone seller and maintain this position through 2029 [1][2] - The growth in Apple's smartphone shipments is attributed to the popularity of the iPhone 17 series, which saw a 9% year-over-year increase in shipments during Q3 [2][6] Market Dynamics - Samsung has held the title of top smartphone seller since 2012, but Apple's recent gains indicate a shift in market dynamics [2] - The replacement cycle for smartphones is reaching a critical point, with consumers who bought devices during the COVID-19 boom now looking to upgrade [3] Future Growth Drivers - The sale of 358 million second-hand iPhones between 2023 and Q2 2025 is expected to lead to increased upgrades to new iPhones in the coming years [3] - Upcoming product launches, including a second model in the affordable "e" series in early 2026 and a foldable iPhone by the end of 2026, are anticipated to further boost Apple's market position [4] Consumer Preferences - An increasing preference for the iOS ecosystem and compatibility between devices will help Apple maintain its lead over other smartphone manufacturers through the end of the decade [5] - The introduction of the iPhone 16e, priced at $599, is expected to attract more customers to Apple [5]
David Lerner, a Mr. Fix-it of Apple Computers, Dies at 72
Nytimes· 2025-11-26 21:22
Core Insights - The article discusses the founding of Tekserve, a specialized service in Manhattan that addresses issues related to frozen hard drives, keyboards, and screens, catering to both devices and their frustrated owners [1] Company Overview - Tekserve was established by an individual and a partner, positioning itself as an emergency service for technology-related problems [1]
Apple projected to beat Samsung in smartphone shipments for first time since 2011
Fox Business· 2025-11-26 21:11
Apple's smartphone shipments in 2025 are expected to top Samsung's for the first time in over a decade and become the world's leading seller of smartphones, according to a new report. An analysis by Counterpoint Research found that global smartphone shipments will rise by 3.3% year over year in 2025, with much of the gain driven by Apple.Shipments of iPhones are expected to climb 10% year over year in 2025, in part because of growing demand for the iPhone 17 series in key regions. Counterpoint projected tha ...