AI stocks have soared amid excitement about the technology's potential. But in recent times, investors have started to worry about how long this momentum will last.
Apple and Alphabet were criticized for their AI results to date, but they are turning that around. Apple delivered record revenue in its 2025 fiscal year and brought on new AI leadership.
Apple revolutionized the smartphone industry in 2007 with the unveiling of the iPhone. The consumer tech giant still gets about half of its annual revenue from iPhone sales.
Italy's competition authority said Monday it had fined the US tech giant Apple 98 million euros ($115 million) for allegedly abusing its dominant position in the mobile app market.
Italy's competition authority has imposed a €98.6 million fine on Apple, intensifying scrutiny over how the company operates its App Store and applies privacy rules to developers.
Apple went into the holiday quarter with improving revenue momentum. Highlighting Berkshire's confidence in Apple, the tech stock is still Berkshire's biggest holding.
Italy's competition authority said on Monday it had fined U.S tech giant Apple and two of its units 98.6 million euros ($115.53 million) over alleged abuse of dominant position for the distribution of mobile applications for iOS users.
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