Google Wins Challenge Against 1.49 Bln Euro EU Antitrust Fine 

12 May 2023, US, Mountain View: The Google logo can be seen on a building at the company's headquarters. (dpa)
12 May 2023, US, Mountain View: The Google logo can be seen on a building at the company's headquarters. (dpa)
TT

Google Wins Challenge Against 1.49 Bln Euro EU Antitrust Fine 

12 May 2023, US, Mountain View: The Google logo can be seen on a building at the company's headquarters. (dpa)
12 May 2023, US, Mountain View: The Google logo can be seen on a building at the company's headquarters. (dpa)

Alphabet unit Google won its challenge on Wednesday against a 1.49 billion euro ($1.66 billion) antitrust fine imposed five years ago for hindering rivals in online search advertising, a week after it lost a much bigger case.

The European Commission in its 2019 decision said Google had abused its dominance to prevent websites from using brokers other than its AdSense platform that provided search adverts. The practices it said were illegal took place from 2006 to 2016.

The Luxembourg-based General Court mostly agreed with the European Union competition enforcer's assessments of the case, but annulled the fine.

"The court (...) upheld most of the commission's assessments, but annulled the decision imposing a fine of almost 1.5 billion euros on Google, on the grounds in particular that it had failed to take into account all the relevant circumstances in its assessment of the duration of the contractual clauses that it had found to be unfair," the judges said.

The AdSense fine, one of a trio of fines that have cost Google a total of 8.25 billion euros, was triggered by a complaint from Microsoft in 2010.

Google has said it changed the targeted contracts in 2016 before the Commission's decision.

The company last week lost its final fight against a 2.42 billion euro fine levied for using its price comparison shopping service to gain an unfair advantage over smaller European rivals.



Apple Shares Slip as Shorter iPhone 16 Shipping Times Signal Soft Demand

The iPhone 16 Pro is seen at an event at the Steve Jobs Theater on its campus in Cupertino, California, US, September 9, 2024. (Reuters)
The iPhone 16 Pro is seen at an event at the Steve Jobs Theater on its campus in Cupertino, California, US, September 9, 2024. (Reuters)
TT

Apple Shares Slip as Shorter iPhone 16 Shipping Times Signal Soft Demand

The iPhone 16 Pro is seen at an event at the Steve Jobs Theater on its campus in Cupertino, California, US, September 9, 2024. (Reuters)
The iPhone 16 Pro is seen at an event at the Steve Jobs Theater on its campus in Cupertino, California, US, September 9, 2024. (Reuters)

Shares of Apple fell nearly 3% on Monday after some analysts said delivery times for the new iPhone 16 Pro models indicated weaker-than-expected demand, possibly due to the delayed rollout of key artificial intelligence features.

Apple last week unveiled its long-awaited iPhone 16 series designed around its AI software, Apple Intelligence.

Early pre-order data from BofA Global Research revealed shorter global shipping times for the iPhone 16 Pro models compared with last year's 15 Pro models, as of Monday, three days after Apple started taking pre-orders.

Ship time on average for the iPhone 16 Pro currently stood at 14 days, lower than 24 days for the iPhone 15 Pro last year, the data showed, while the 19-day ship time for the iPhone 16 Pro Max compares with 32 days last year.

"The key factor is the lower-than-expected demand for the iPhone 16 Pro series ... the major selling point, Apple Intelligence, is not available at launch," Ming-Chi Kuo, a Taiwan-based analyst at TF International Securities, said in a blog post.

Apple Intelligence is set to arrive in the US version of the English language in beta next month, and for other versions as late as next year, potentially keeping some customers on the fence about upgrading to the 16 series.

First-weekend pre-order sales for the iPhone 16 Pro and Pro Max models were down 27% and 16%, respectively, according to Kuo.

"The US is much weaker than last year, unless Apple massively increased supply allocation," Jefferies analysts said.

To be sure, some analysts also said that improving supply of the Pro models could have led to shorter shipping times this time around, after supply issues with a camera lens affected shipments for the iPhone 15 Pro Max last year.

"We are not concerned if pre-orders don't show meaningful growth," D.A. Davidson analyst Gil Luria said.

"The (AI) features will be rolling out gradually ... which means the upgrade cycle will likely materialize over the next 12-18 months."