UK watchdog examines Apple-Google mobile system control

Tuesday, June 15, 2021 | The Associated Press


This combo of photos shows the logo for Google, top and Apple, bottom. U.K. competition regulators are looking into Apple and Google smartphone operating systems, app stores and browsers, over concern that the two tech giants' control of "mobile ecosystems" is harming consumers. The Competition and Markets Authority on Tuesday, June 15, 2021 opened a market study of Apple’s iOS, App Store and Safari browser and Google’s Android, Play Store and Chrome browser. (AP Photo,File)

LONDON (AP) — U.K. competition regulators are looking into Apple and Google smartphone operating systems, app stores and browsers, over concern that the control of "mobile ecosystems" by the two tech giants is harming consumers.

The Competition and Markets Authority on Tuesday opened a market study of Apple’s iOS, App Store and Safari browser and Google’s Android, Play Store and Chrome browser.

The authority said it's taking a closer look at the “effective duopoly” the two companies have on the various gateways through which users can access online content such as music, TV and video streaming; services such as fitness tracking, shopping and banking; and products like smart speakers and watches.

Google said its Android operating system provides people with more choice than any other mobile platform in terms of apps they can use.

“We welcome the CMA’s efforts to understand the details and differences between platforms before designing new rules," Google said.

Apple did not reply immediately to a request for comment.

The watchdog said it's examining whether the role Apple and Google have in mobile ecosystems is stifling competition in digital markets and whether it could lead to reduced innovation and higher prices, either for devices and apps or for other goods and services because their makers face higher digital advertising prices.

“Apple and Google control the major gateways through which people download apps or browse the web on their mobiles," CMA chief executive Andrea Coscelli said. “We’re looking into whether this could be creating problems for consumers and the businesses that want to reach people through their phones.”

The study adds to the scrutiny that U.S. tech giants are facing in the U.K. and elsewhere in Europe. British regulators this month opened an investigation into Facebook's use of data in classified ad and online dating services and also said they will have a role overseeing Google's phase-out of ad-tracking technology from Chrome.

Should you invest $1,000 in Alphabet right now?

Before you consider Alphabet, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alphabet wasn't on the list.

While Alphabet currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

 


Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Apple (AAPL)2.4$146.91-0.3%0.60%28.75Buy$156.38
Alphabet (GOOGL)1.9$2,706.11-0.2%N/A29.33Buy$2,832.27
Compare These Stocks  Add These Stocks to My Watchlist 

MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.