Apple Approves Spotify App Update Following Court Decision

Published 1 days agoAAPL

Apple Approves Spotify App Update Following Court Decision

In a significant development, Apple has greenlit an update for Spotify's U.S. app, allowing the streaming giant to display subscription prices and provide external payment links. This approval came after a landmark federal court ruling, highlighting a pivotal shift in the ongoing battle over Apple's App Store policies.

The catalyst for this change was a ruling by U.S. District Judge Yvonne Gonzalez Rogers. She determined that Apple must permit app developers to include external links for purchases without facing Apple's commission fees. As reported by Reuters, this decision directly challenged Apple's long-standing practice of collecting commissions on in-app transactions handled outside of Apple’s payment system.

Spotify welcomed the update, emphasizing that it plays a crucial role in ensuring transparency and consumer choice. Meanwhile, Apple has voiced its disagreement with the court's ruling but confirmed it would comply as it prepares an appeal. This approval has broader implications, reflecting ongoing legal and regulatory scrutiny of Apple's App Store operations and its fee structures.

Share this article

Twitter Facebook LinkedIn

Recent Articles

Ken Fisher Ups Stake in Marvell Technology Amid Strategic Moves

Ken Fisher Ups Stake in Marvell Technology Amid Strategic Moves

14 minutes agoMRVL

Ken Fisher, the notable billionaire investor and founder of Fisher Investments, has recently increased his focus on Marvell Technology, highlighting the tech stock for its potential growth. In the third quarter of 2024, Fisher's investment firm, Fisher Asset Management LLC, upped its stake in Marvell by 2.6%, acquiring an additional 56,606 shares. This move suggests a solid belief in the company's prospects, supported by a 'Strong Buy' consensus rating from analysts. Marvell Technology has been actively enhancing its market position through strategic partnerships. Notably, the company has strengthened its collaboration with Amazon Web Services (AWS), engaging with various AWS products and leveraging AWS cloud infrastructure. Such alliances are set to bolster Marvell's presence in the AI and cloud computing sectors. Despite a 9% year-over-year revenue decline, Marvell exceeded analyst expectations with a reported $1.32 billion in revenue for the fiscal first quarter of 2024. Marvell Technology is a key player in the semiconductor industry, serving sectors like data centers, automotive, and enterprise networking. Its strategic focus on data infrastructure and AI technologies underpins its growth strategies, reflecting why Ken Fisher and experts see promising potential in the company's trajectory. As of the latest, Marvell Technology's stock price stands at $62.33, showing minimal change but displaying activity with an intraday volume of 15,638,639.

Ken Fisher Boosts Stake in AMD Amid Analyst Optimism

Ken Fisher Boosts Stake in AMD Amid Analyst Optimism

29 minutes agoAMD

Ken Fisher, the billionaire behind Fisher Asset Management, has recently placed a significant bet on Advanced Micro Devices, Inc. (AMD), citing its growth potential in the tech sector. Fisher's firm expanded its holdings by purchasing 431,867 additional shares in the first quarter of 2025, lifting its total to approximately 24.38 million shares. This move increases the stake's value to about $2.66 billion, a 23% rise from the previous quarter. Adding to the optimism, Truist analyst William Stein has adjusted AMD's price target from $79 to $84, maintaining a 'Hold' rating as of May 3, 2025. Reuters reported that while concerns linger over AMD's weaker guidance for the second quarter and its hefty investments in artificial intelligence, the company's revenue outperformed expectations, particularly in its Gaming and Embedded segments. AMD remains at the forefront of the semiconductor market, known for its cutting-edge processors and graphics processing units in a variety of applications such as PCs, gaming, and automotive tech. The combination of Fisher's increased investment and the adjusted analyst price target underscores a growing confidence in AMD's future within the ever-evolving technology industry.

Ken Fisher Bets Big on Salesforce with $1.83 Billion Investment

Ken Fisher Bets Big on Salesforce with $1.83 Billion Investment

44 minutes agoCRM

Ken Fisher, the billionaire behind Fisher Investments, has set his sights on Salesforce as a tech stock with substantial growth potential. His firm now holds over 12.72 million shares of Salesforce, valued at around $1.83 billion, a stake that forms 1.37% of the firm's total portfolio. Salesforce has been at the forefront of integrating artificial intelligence into its services since 2016, notably with the rollout of Salesforce Einstein. More recently, it launched the AI Cloud, which combines AI, data, analytics, and automation. Salesforce's leadership in the CRM sector is underscored by a market capitalization of over $206 billion, and Reuters noted its global dominance in this field. Fisher's significant investment aligns with a broader analyst confidence in Salesforce's future, particularly in its use of AI. JMP analyst Patrick Walravens has given Salesforce an 'Outperform' rating with a $275 price target, suggesting a potential increase of 30% over the next year. This optimism reflects a strong belief in Salesforce's strategy to leverage AI for continued growth.

GM Faces Financial Strain Amid U.S. Tariffs Impact

GM Faces Financial Strain Amid U.S. Tariffs Impact

General Motors has reported its first-quarter 2025 financial results, revealing a net income of $2.8 billion, down 6.6% from the previous year. The automaker exceeded analyst expectations with adjusted earnings per share of $2.78, while its revenue rose by 2.3% to hit $44 billion, marking a strong performance despite external pressures. The company faces significant challenges due to newly imposed U.S. tariffs by President Donald Trump. As a result, GM has paused its $2 billion share buyback program and reined in its annual financial guidance. The automaker expects tariffs to impact its finances by $4 to $5 billion, revising its 2025 earnings forecast to between $10 billion and $12.5 billion, a decrease from the previous range of $13.7 billion to $15.7 billion. This uncertainty has stirred consumer action, boosting U.S. vehicle deliveries by 20% year-over-year in April. GM has announced plans to counter the effects of the tariffs by increasing domestic production and enhancing the cost efficiency of its electric vehicles. The company is also exploring other cost-effective measures to minimize the impact. Despite these hurdles, GM's stock has shown resilience, climbing over 2% in pre-market trading after the earnings announcement, as reported by Reuters. The stock price currently holds steady at $45.3 USD.