Electronic screens post the price of Alphabet stock, Monday, Feb. 1, 2016, at the Nasdaq MarketSite in New York. Alphabet is parent company of Google. (AP Photo/Mark Lennihan)
WASHINGTON (AP) --
The Supreme Court won't hear an appeal from Google over a class action lawsuit filed by advertisers who claim the internet company displayed their ads on "low quality" web sites.
The justices on Monday let stand a lower court ruling that said the lawsuit representing hundreds of thousands of advertisers using Google's AdWords program could go forward.
Google argued that a federal appeals court in San Francisco should not have approved the class action because damages must be calculated individually for each company advertiser. The appeals court rejected that argument and approved use of a formula that would calculate harm based on the average advertiser's experience.
Google runs what is by far the world's largest digital ad network. It generated $67 billion in revenue last year.
This is a display of iPhone 16s in an Apple Store in Pittsburgh on Jan. 12, 2025. (AP Photo/Gene J. Puskar, File)
Apple on Thursday disclosed its iPhone sales dipped slightly during the holiday-season quarter, signaling a sluggish start to the trendsetting company's effort to catch up to the rest of Big Tech in the race to bring artificial intelligence to the masses.
The iPhone's roughly 1% drop in revenue from the previous year's October-December period wasn't entirely unexpected, given the first software update enabling the device's AI features didn't arrive until just before Halloween, and the technology still isn't available in many markets outside the U.S.
The countries still awaiting Apple's AI suite include China, a key market where the company continued to lose ground. Although he didn't mention China, Apple CEO Tim Cook told investors on a conference call that a software upgrade enabling the AI features in more European markets, as well as Japan and Korea will be rolling out in April.
But in the past quarter Apple also was only able to eke out a modest revenue gain across its entire business, although the results came in ahead of the analyst projections that guide investors. The Cupertino, California, company earned $36.3 billion, or $2.40 per share, a 7% increase from the previous year. Revenue edged up from the previous year by 4% to $124.3 billion.
Those numbers included iPhone revenue of $69.1 billion. In China, Apple's total revenue registered $18.5 billion, an 11% decrease from the previous year.
Part of that erosion in China reflected the iPhone's shrinking market share in that country, where homegrown companies have been making more headway. Apple's iPhone year-over-year shipments in China declined nearly 10% in the most recent quarter, while native companies Huawei and Xiaomi posted year-over-year increases of more than... Read More
