Alphabet Inc - Ordinary Shares - Class A

NASDAQ:GOOGL   3:59:59 PM EDT
2,263.83
-25.09 (-1.10%)
4:40:40 PM EDT: $2,257.10 -6.73 (-0.30%)
Regulatory, Earnings Announcements

ACCC Says Dominance Of Apple And Google's App Stores Impacting Competition And Consumers

Published: 04/28/2021 02:09 GMT
Alphabet Inc - Ordinary Shares - Class A (GOOGL) - Says Dominance of Apple and Google's App Stores Impacting Competition and Consumers.
Apple's App Store and Google's Play Store Have Significant Market Power in the Distribution of Mobile Apps in Australia.
Concerned With Restrictions by Apple, Google Which Mean Developers Have No Choice But to Use Their Payment Systems for In-app Purchases.
Put Forward a Series of Potential Measures in Response to Its Findings, Including That Consumers Be Able to Rate and Review All Apps.
Have Identified a Number of Areas Where Action is Required and Have Put Forward Potential Measures to Address Areas of Particular Concern.
Will Revisit Issues Raised in the Report During the Course of the Five-year Digital Platform Services Inquiry.
Regulation May Be Required If Apple and Google Fail to Take Steps to Address the Concerns Identified.
Revenue is expected to be $55.66 Billion
Adjusted EPS is expected to be $18.98

Next Quarter Revenue Guidance is expected to be $58.55 Billion
Next Quarter EPS Guidance is expected to be $20.05

More details on our Analysts Page.