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Stockreport

Apple withholds data in India antitrust case, watchdog sets final hearing [Yahoo! Finance]

Apple Inc. (AAPL)  More Company Research Source: Yahoo! Finance
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
the U.S. firm abused its dominant position in the iPhone apps market, ?prompting the watchdog to fast-track a decision on penalties to a final hearing next month, an order ?shows. The Competition Commission of India (CCI) said in an April 8 order that Apple has not submitted details of its financials and its views ?on the investigation since October 2024, and instead cited a separate case pending in the Delhi High Court where the company has challenged India's entire antitrust penalty law. The CCI typically requires financial information from companies to calculate penalties when they are found to have contravened the law. Apple, which denies any wrongdoing in the case, has said it fears it could be fined ?up to $38 billion if the watchdog uses ?its global turnover to calculate penalties in the case. Apple has "been afforded adequate opportunities to file" its objections or suggestions to the investigation report and has also "not submitted the requisite financial ?information [Read more]
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Stockreport

Apple withholds data in India antitrust case, watchdog sets final hearing [Yahoo! Finance]

Apple Inc.  (AAPL) 
More Company Research Source: Yahoo! Finance
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
the U.S. firm abused its dominant position in the iPhone apps market, ?prompting the watchdog to fast-track a decision on penalties to a final hearing next month, an order ?shows. The Competition Commission of India (CCI) said in an April 8 order that Apple has not submitted details of its financials and its views ?on the investigation since October 2024, and instead cited a separate case pending in the Delhi High Court where the company has challenged India's entire antitrust penalty law. The CCI typically requires financial information from companies to calculate penalties when they are found to have contravened the law. Apple, which denies any wrongdoing in the case, has said it fears it could be fined ?up to $38 billion if the watchdog uses ?its global turnover to calculate penalties in the case. Apple has "been afforded adequate opportunities to file" its objections or suggestions to the investigation report and has also "not submitted the requisite financial ?information [Read more]
IMPACT SNAPSHOT
EVENT TIME:
AAPL
Last Price
Price Change
Price Change %
Volume Shares
Max Up
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%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
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%
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%
VOLUME (SHARES)
TICKS
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EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS