In the beginning of 2020, Apple relaxed its 30% charge policy for some video apps that sell movies and TV shows on its platform if they meet certain criteria. Apple made a deal for 15% to get Amazon Prime on its devices.
On July 29th, 2020 Tim Cook testified at the congressional hearing on antitrust concerns.When asked about Apple’s App Store policies, Tim Cook said that its policies apply to all developers and that it has not raised the fees that exist for developers since the store was launched. “We treat every developers the same. We have open and transparent rules – it’s a rigorous process. Because we care so deeply about privacy and security and quality, we do look at every at every app before it goes on, but those rules apply evenly to everyone.” Tim Cook also stated “The use of technology called MDM (Mobile Device Management) placed kid’s data at risk, and so we were worried about the safety of kids. There’s over 30 parental control (apps) on the App Store today, so there’s plenty of competition in this area.”
Today is Apples shareholder meeting takes place today-
FY 20 Third Quarter Results
Apple’s conference call to discuss third fiscal
quarter results are scheduled for Thursday, July 30, 2020
at 2:00 p.m. PT / 5:00 p.m. ET. To listen Visit
Based on 32 analysts offering 12-month price targets for Apple in the last 3 months. The average price target is $378.55 with a high forecast of $450.00 and a low forecast of $295.00. The average price target represents a -0.94% decrease from the last price of $382.15. Source Tip Ranks
