Apple Inc.

Samsung regained its position as the top smartphone seller, wresting back the lead from Apple as Chinese rivals close the gap on both market leaders, industry tracker International Data Corporation (IDC) has reported.

Samsung overtook Apple as worldwide smartphone shipments grew nearly 8 percent in the first quarter of this year to 289.4 million, IDC said.

The U.S. Department of Justice has sued Apple, accusing the tech giant of illegally maintaining a monopoly for its iPhone by stifling competition and imposing exorbitant costs on consumers.

The lawsuit, also brought by multiple U.S. states, said Apple raked in hundreds of billions of dollars by allegedly making it difficult for consumers to switch to cheaper smartphones and devices.

Apple has abandoned its ambitions to produce an electric car, U.S. media reported Tuesday, ending a struggling decade-long project.

The iPhone maker had dedicated nearly 2,000 employees to its secretive car development program, Bloomberg reported, but faced an increasingly competitive electric vehicle (EV) sector.

According to a study commissioned by Apple, users have downloaded apps more than 370 billion times in the past 15 years

Microsoft joined Apple on Jan. 24 as a $3 trillion company, as its big bet on artificial intelligence continued to impress Wall Street.

Now second to Apple as the world's biggest company by market capitalization, Microsoft's shares were up 1.31 percent at $404.

A federal appeals court on Wednesday ordered Apple to halt U.S. sales of its latest smartwatch models as part of a patent feud with health company Masimo.

The ban on certain Apple smartwatch models will come into effect Thursday as the iPhone juggernaut is ordered to await the outcome of its appeal.

After a years-long legal battle, Apple has said that it will begin allowing iPhone app developers to use alternative payment systems — but they will still have to pay fees and meet various conditions.

Apple's iPhone for the first time became the world's biggest selling smartphone after rival Samsung's 12-year run as leader, data have showed.

According to data from the International Data Corporation (IDC) released on Jan. 16, the iPhone stole Samsung's crown in 2023 with 234.6 million units sold, compared to the South Korean firm's 226.6 million units.

Microsoft briefly dethroned its rival Apple to become the world's most valuable company Thursday, illustrating the contrast between a firm driven by artificial intelligence and another whose iPhone sales are a cause for concern.

Since its launch in June 2007, the iPhone went from zero to more than $200 billion in annual revenue