Data News > Post Market Movers: Apple and Meta CEO Rivalry Intensifies: Stock News Report
- Meta CEO Mark Zuckerberg criticizes Apple's lack of innovation
- Apple correction due to fundamentals, iPhone 17 upgrades expected, says Morgan Stanley analyst
- RedNote surges to No.1 in Apple app store amid TikTok ban concerns
- Apple iPhone holiday sales fall by 5%
- Apple faces $1.8 billion lawsuit in U.K. court over App Store commissions
Mark Zuckerberg, the CEO of Meta Platforms, has once again criticized Apple in an ongoing rivalry between the two tech giants. This criticism is the latest development in a long-standing feud between Meta CEO Zuckerberg and Apple CEO Tim Cook, who have been trading barbs about each other's companies for years. The criticism has touched on various aspects, including Apple's pricing strategies and Facebook's involvement in the Cambridge Analytica scandal.
Amidst this ongoing rivalry, Apple is facing a correction due to fundamental factors. Analyst Erik Woodring from Morgan Stanley appeared on CNBC's 'Closing Bell' to discuss concerns surrounding iPhone demand. Despite these concerns, Woodring remains bullish on Apple's eventual upgrade cycle, especially with the expected upgrades for the iPhone 17.
As fears of a potential TikTok ban loom, RedNote has surged to the number one spot in the Apple App Store. RedNote, a Chinese social media app, has become the top free app on the Apple platform as concerns grow over the future of TikTok in the U.S. Many TikTok creators are seeking out alternatives amidst this uncertainty.
Apple's iPhone holiday sales have recently seen a 5% decline globally, according to data from Counterpoint Research. The company is facing tougher competition from Chinese smartphone rivals, leading to a dip in sales. This decline comes as Apple continues to grapple with challenges in a highly competitive market.
Furthermore, Apple is facing legal challenges, including a $1.8 billion lawsuit in a U.K. court over its practices related to the App Store. The lawsuit alleges that Apple has created a monopoly by excluding potential rivals from competing on its iOS devices and charging high commissions for purchases made through the App Store.
In conclusion, amidst criticisms from Meta CEO Mark Zuckerberg and challenges in its iPhone sales, Apple continues to face a turbulent period. The ongoing rivalry between Apple and Meta, alongside legal battles and market challenges, are shaping the future of these tech giants in the stock market.
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Post Market Movers: Apple and Meta CEO Rivalry Intensifies: Stock News Report
By KlickAnalytics Data Insights | January 13, 2025 08:09PM ET
Key Points
- Meta CEO Mark Zuckerberg criticizes Apple's lack of innovation
- Apple correction due to fundamentals, iPhone 17 upgrades expected, says Morgan Stanley analyst
- RedNote surges to No.1 in Apple app store amid TikTok ban concerns
- Apple iPhone holiday sales fall by 5%
- Apple faces $1.8 billion lawsuit in U.K. court over App Store commissions
Mark Zuckerberg, the CEO of Meta Platforms, has once again criticized Apple in an ongoing rivalry between the two tech giants. This criticism is the latest development in a long-standing feud between Meta CEO Zuckerberg and Apple CEO Tim Cook, who have been trading barbs about each other's companies for years. The criticism has touched on various aspects, including Apple's pricing strategies and Facebook's involvement in the Cambridge Analytica scandal.
Amidst this ongoing rivalry, Apple is facing a correction due to fundamental factors. Analyst Erik Woodring from Morgan Stanley appeared on CNBC's 'Closing Bell' to discuss concerns surrounding iPhone demand. Despite these concerns, Woodring remains bullish on Apple's eventual upgrade cycle, especially with the expected upgrades for the iPhone 17.
As fears of a potential TikTok ban loom, RedNote has surged to the number one spot in the Apple App Store. RedNote, a Chinese social media app, has become the top free app on the Apple platform as concerns grow over the future of TikTok in the U.S. Many TikTok creators are seeking out alternatives amidst this uncertainty.
Apple's iPhone holiday sales have recently seen a 5% decline globally, according to data from Counterpoint Research. The company is facing tougher competition from Chinese smartphone rivals, leading to a dip in sales. This decline comes as Apple continues to grapple with challenges in a highly competitive market.
Furthermore, Apple is facing legal challenges, including a $1.8 billion lawsuit in a U.K. court over its practices related to the App Store. The lawsuit alleges that Apple has created a monopoly by excluding potential rivals from competing on its iOS devices and charging high commissions for purchases made through the App Store.
In conclusion, amidst criticisms from Meta CEO Mark Zuckerberg and challenges in its iPhone sales, Apple continues to face a turbulent period. The ongoing rivalry between Apple and Meta, alongside legal battles and market challenges, are shaping the future of these tech giants in the stock market.
About AAPL
Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, and HomePod. It also provides AppleCare support and cloud services; and operates various platforms, including the App Store that allow customers to discover and download applications and digital content, such as books, music, video, games, and podcasts. In addition, the company offers various services, such as Apple Arcade, a game subscription service; Apple Fitness+, a personalized fitness service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News+, a subscription news and magazine service; Apple TV+, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licenses its intellectual property. The company serves consumers, and small and mid-sized businesses; and the education, enterprise, and government markets. It distributes third-party applications for its products through the App Store. The company also sells its products through its retail and online stores, and direct sales force; and third-party cellular network carriers, wholesalers, retailers, and resellers. Apple Inc. was founded in 1976 and is headquartered in Cupertino, California.For more information:
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