Apple

Apple, the US-based tech giant, is currently newsworthy due to a mix of successes and challenges across various global markets. The company experienced a record iPhone revenue quarter in China, with a 38% surge in revenue in the Greater China region. However, Apple is facing a £1.5 billion class action lawsuit in the UK over alleged anti-competitive practices and hidden fees related to Apple Pay. This lawsuit claims Apple blocked competition and harmed 50 million UK consumers. Apple's data localization practices are also under scrutiny, drawing comparisons to TikTok's US joint venture and Apple's previous transfer of iCloud user data in mainland China. Furthermore, the company is offering discounts in mainland China to boost sales amidst increasing competition. The company's app store is also a key platform for AI services like Google's Gemini, highlighting its role in the growing AI market.