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Apple facing FTC probe following Music launch – report

first_imgHome Apple facing FTC probe following Music launch – report Steve works across all of Mobile World Live’s channels and played a lead role in the launch and ongoing success of our apps and devices services. He has been a journalist…More Read more Apple is apparently facing a probe from the US Federal Trade Commission (FTC) following the launch of its Apple Music service, related to the way it treats competing products.According to Reuters, the issue centres on the fact that Apple takes a 30 per cent cut of all in-app purchases made via its platform, including digital goods purchases – such as music subscriptions. This means that in order to compete with Apple’s $9.99 price point, rival services would have to take a hit on margins, which in many cases are already tight.The alternative is charging more in the first place, which would make services less attractive in comparison.The report said that while the FTC has had meetings with “multiple concerned parties”, it has not so far begun a formal investigation. Reuters said that lawyers it had contacted were divided on whether there were the makings for an antitrust suit.While Google also has a music service, and charges a 30 per cent fee on Play Store sales, it was mooted that its terms and conditions place fewer restrictions on competing products.Apple, in contrast, has guidelines which mean App Store vendors cannot state that apps are available on other platforms, cannot state that consumers can buy direct (bypassing Apple’s 30 per cent fee on vendors), and banning direct links to corporate websites.In terms of the smartphone market as a whole, Apple’s share is small when compared to Google’s Android, meaning that the iPhone maker is not basing its actions on a monopoly position.But it does keep a tight control of its ecosystem, shutting out alternative app stores – meaning there is no way to avoid Apple’s restrictions and fees on products. AppleFTCmusic Tags KT makes LG Electronics trade-in move AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 13 JUL 2015 Relatedcenter_img Steve Costello Previous ArticleMobile app next big thing for Wing, says CEONext ArticleMobile industry contributes $1.1T to Asia Pacific economy: GSMA study Author Apps UK consumers seek £1.5B from Apple Google taps retail with NYC storelast_img read more

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LG Electronics indicates strong start to 2016

first_img Related LG Electronics expects to report an operating profit of KRW505.2 billion ($439 million) in its Q1 2016 results, indicating the company’s best quarter for two years, with earnings apparently fuelled by growth in its television and home appliance businesses rather than mobile.In its preliminary earnings statement for Q1 2016, the company said operating profit will be 65.5 per cent higher year over year, up from KRW305.2 billion reported in Q1 2015. Revenue however is expected to dip slightly to KRW13.4 trillion, down 4.5 per cent year on year.LG, which announced an official earnings estimate reportedly for the first time, will release its full earnings later this month. The company did not provide any other indicators for its quarterly profit.Lee Jae Yun, an analyst at Yuanta Securities Co, told South Korea’s Yonhap news agency the rise in profitability comes due to a renewed focus by the company on its premium products.“The rising presence of premium models in TVs and home appliance sales led to the improved profitability,” he said. “The falling prices of panels is presumed to have reduced the production costs of TVs.”Mobile expected to struggleLG also did not give any indicators on its mobile business, following the launch of its flagship G5 smartphone in March, but analysts apparently expect it to report a third consecutive quarterly loss in Q1.Speaking to Reuters, S.R. Kwon, analyst at Dongbu Securities, believes total company profit could however be further boosted in Q2 2016 if the company is able to make the G5 successful, once sales of the new smartphone are fully factored in.“If the mobile communications [unit] can turn a profit in the second quarter, we’ll see a record quarterly profit of more than KRW600 billion,” claimed Kwon.The company has undertaken an aggressive marketing campaign to promote the G5, after unveiling the smartphone at this year’s Mobile World Congress. Kavit Majithia LG secures win over TCL in LTE patent row Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Author Devices Previous ArticleT-Mobile US shutters banking serviceNext ArticleNationwide looks at security based on users’ behaviour center_img HomeDevicesNews LG Electronics indicates strong start to 2016 LG Electronics LG halts launch of all new smartphones AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 11 APR 2016 Tags Blog: Why did life stop being good for LG?last_img read more