Saturday, December 14, 2024

EU allegations against Apple are worrisome but not a game-changer for the stock

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Apple CEO Tim Cook delivers remarks at the start of the Apple Worldwide Developers Conference (WWDC) on June 10, 2024 in Cupertino, California. Apple will announce plans to incorporate artificial intelligence (AI) into Apple software and hardware.

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Apple shares bounced Monday after last week’s three-session losing streak, with investors looking past new allegations from European competition regulators to the expected AI-driven iPhone boom.

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