Exclusive-Apple faces 'strong action' if App Store changes fall short, EU's Breton says
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Evercore ISI on Apple (AAPL) AppStore Impact: 'We think the aggregate impact of all of this is sub 1% to top/bottom line', 'Sticking with OP and $220 target'
January 26, 2024 1:16 PM ESTEvercore ISI analyst Amit Daryanani reiterated an Outperform rating and $220.00 price target on Apple (NASDAQ: AAPL).
The analyst comments "ALL YOU NEED TO KNOW: There has been a TON of questions on understanding the various parts of what is happening with... More
Apple: Analysts quantify the impact of new App Store regulation on finances
January 26, 2024 12:00 PM ESTApple (NASDAQ: AAPL) revealed yesterday modifications to iOS, Safari, and the App Store in response to the Digital Markets Act (DMA) in the European Union (EU).
To comply with the DMA, Apple is implementing over 600 new APIs, enhancing app analytics, providing functionality for alternative browser engines, and offering options for processing app payments and distributing iOS apps.
These changes are designed to... More
