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Q Individuals and companies around the world are feeling the economic pinch, and this time even Apple does not seem to be completely immune. From ongoing global chip shortages to production delays due to Covid lockdowns in China, not to mention inflation, Apple is facing significant headwinds. Yet, in the quarter ending 25th June 2022, the company posted record revenue of $83 billion, a 2% year-on-year increase, despite what CEO Tim Cook referred to as a “challenging operating environment”.
But it’s not just the economic backdrop that is challenging for the company. The regulatory landscape is getting tougher, with watchdogs and lawmakers around the world focusing in on Apple. Scrutiny of the App Store remains intense. Meanwhile, Ericsson is suing Apple in a dispute over 5G licences. In theory, this could result in iPhone sales in the UK and elsewhere being suspended.
Apple vs Ericsson
Apple and Ericsson have been
