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Australia's Commonwealth Bank mocks Apple's 'pro-competition' claim [Reuters]

Apple Inc. (AAPL)  More Company Research Source: Reuters
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
over control of payments on its phones, which have grown to about a third of all consumer payments. The remarks come after the competition regulator told the Australian Financial Review newspaper this month that it was reviewing whether Apple's iPhone architecture breached competition laws. Matt Comyn, chief executive at the Sydney-based bank, urged lawmakers to boost scrutiny of technology giants, saying payments through digital wallets developed by Apple and Alphabet's Google formed about 45% of all consumer payments. “The ... claim that Apple is pro-competition, I think, is a fair statement, as long as one accepts that competition is welcome as long as no one can compete with Apple,” Comyn told a regular parliamentary committee. The bank has been calling for Apple to free up the Near Field Communication (NFC) chip on its phones for the use of banks' own apps, citing its own data that the firm captures 80% of transactions done via telephone digital wallets. Apple, which re [Read more]
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Stockreport

Australia's Commonwealth Bank mocks Apple's 'pro-competition' claim [Reuters]

Apple Inc.  (AAPL) 
More Company Research Source: Reuters
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
over control of payments on its phones, which have grown to about a third of all consumer payments. The remarks come after the competition regulator told the Australian Financial Review newspaper this month that it was reviewing whether Apple's iPhone architecture breached competition laws. Matt Comyn, chief executive at the Sydney-based bank, urged lawmakers to boost scrutiny of technology giants, saying payments through digital wallets developed by Apple and Alphabet's Google formed about 45% of all consumer payments. “The ... claim that Apple is pro-competition, I think, is a fair statement, as long as one accepts that competition is welcome as long as no one can compete with Apple,” Comyn told a regular parliamentary committee. The bank has been calling for Apple to free up the Near Field Communication (NFC) chip on its phones for the use of banks' own apps, citing its own data that the firm captures 80% of transactions done via telephone digital wallets. Apple, which re [Read more]
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