logo
Evercore sees minimal impact to Apple Services from Epic court win

Evercore sees minimal impact to Apple Services from Epic court win

Business Insider16 hours ago
Evercore ISI analyst Amit Daryanani notes that an Australian federal court recently ruled in favor of Epic Games in its court case against Apple (AAPL), finding that Apple and Google (GOOGL) engaged in anti-competitive conduct related to their respective smartphone app stores. The firm, which highlights that Apple management noted minimal impact from the Epic U.S. court ruling from earlier this year on its recent June quarter earnings call, thinks the Australian court ruling comes as no surprise following the U.S. ruling on the Epic lawsuit and expects the headwind related to Australian-based in-app purchases to be limited. Evercore maintains an Outperform rating and $250 price target on Apple shares.
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Stocks Hit Record High; Bessent: Rates Should Be 1.5-1.75% Lower
Stocks Hit Record High; Bessent: Rates Should Be 1.5-1.75% Lower

Bloomberg

time5 minutes ago

  • Bloomberg

Stocks Hit Record High; Bessent: Rates Should Be 1.5-1.75% Lower

Scott Bessent feeds the rally, as Treasuries gain and US stocks close at another record high. The Treasury Secretary tells Bloomberg interest rates should be up to 175 basis points lower. Donald Trump warns of "very severe consequences" if Russia's Vladimir Putin doesn't agree to a ceasefire at tomorrow's summit. And Bloomberg learns Apple is planning to introduce an ambitious slate of new AI devices... including robots, a lifelike Siri and home-security cameras. (Source: Bloomberg)

NIU Invest Completes Acquisition of Majority Stake in Critical Metals
NIU Invest Completes Acquisition of Majority Stake in Critical Metals

Business Wire

time34 minutes ago

  • Business Wire

NIU Invest Completes Acquisition of Majority Stake in Critical Metals

LONDON--(BUSINESS WIRE)--NIU Invest SE (NIU), headed by Austrian investor Cevdet Caner, completed its subscription for new Ordinary Shares of in Critical Metals PLC (Critical Metals) giving NIU an aggregate of 61,402,390 new Ordinary Shares, representing a majority 60.34% stake in the company. Critical Metals has a 70% stake in the Molulu Project, a cobalt and copper mining asset near Lubumbashi, in the Democratic Republic of Congo (DRC). The Molulu Project was previously mined by artisanal miners, and Critical Metals acquired the project in September 2022. Critical Metals plans to further develop and expand the Molulu Project's mining operations to realize the asset's full value. Caner stated, 'We are thrilled to complete this acquisition in the Democratic Republic of Congo and begin work on growing the operation and accelerating local development.' NIU is a leading Europe and US-based investment company focused on entrepreneurship and value creation, with the goal of becoming a fully integrated mining investor and operator with assets across North America, Latin America, Africa, and Europe. Austrian entrepreneur Cevdet Caner has invested in the mining and property sectors for over two decades. NIU plans to make further mining acquisitions in 2025, building a diverse portfolio of critical assets that drive long-term growth and align with the global demand for key inputs to advanced industries and cutting-edge technologies.

AVF and ErgoAV Merge to Expand Innovative AV Accessories and Mounting Solutions
AVF and ErgoAV Merge to Expand Innovative AV Accessories and Mounting Solutions

Business Wire

time34 minutes ago

  • Business Wire

AVF and ErgoAV Merge to Expand Innovative AV Accessories and Mounting Solutions

SHROPSHIRE, England--(BUSINESS WIRE)--Renowned British pioneer of AV mounting solutions AVF and fast-growing AV accessories and ergonomics brand ErgoAV today announced their merger, marking a momentous milestone and paving the way for continued growth and innovation for both companies. Consumers in global markets now benefit from an even broader choice of AV solutions and accessories, as both brands will bring in each other's products to their primary markets. AVF is an established industry leader in TV wall mounts, TV stands, and a wide range of AV furniture. Founded in 1977, the company has since become one of the largest AV mount and furniture brands in the UK. 'AVF is excited to join forces with ErgoAV, which will significantly expand our portfolio for both retail and commercial channels,' said Simon West, Managing Director of AVF. US-based ErgoAV has been building a name for itself since late 2022 with its innovative and ergonomically designed TV mounts, AV furniture, and smart office solutions—all by a team of known industry veterans with multi-decades of experience. ErgoAV is the US subsidiary of parent company Bestqi, one of the world's largest TV mount manufacturers, selling over five million units annually. The company had acquired AVF in June 2025, with the goal to enhance both brands' AV and office product offerings through combined expertise and leveraging Bestqi's R&D and manufacturing capabilities. 'The AVF, ErgoAV and Bestqi teams have collectively sold over 100 million TV mounts worldwide,' Henry Lyu, CEO of ErgoAV and Bestqi, shared. 'By merging ergonomics, smart home solutions, and thoughtful design, we aim to enhance every space with comfort, style, and next-generation innovation.' AVF and ErgoAV will retain their distinct brand identities while introducing each other's AV solutions, accessories, and furniture to the global market. This strategic synergy expands consumer choices, delivering creative and versatile options for modern homes and smart work spaces. About ErgoAV Led by a respected team of industry veterans, ErgoAV offers an innovative, ergonomic take on TV mounts, AV solutions, and accompanying accessories and furniture by seamlessly uniting form and function. Designed to enhance viewing and working experiences in any setup, whether home or office, ErgoAV's products optimize any space and provide endless possibilities with layout and viewing flexibility. For more information, please visit About AVF Founded in 1977, AVF has grown to become a leading AV mount brand in the UK and one of the world's leading suppliers of TV wall mounts and stylish TV stands. The company is known for its products' strength, durability, ease of installation, and design—all of which are continuously improved on and upgraded to align with market trends and user needs. For more information, please visit

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store