Apple spent more than it ever has on lobbying as antitrust threats loom

Apple spent more than it ever has on lobbying as antitrust threats loom


Tim Cook, CEO of Apple, attends the annual Allen and Co. Sun Valley media conference in Sun Valley, Idaho, U.S., July 10, 2019.

Brendan McDermid | REUTERS

Apple spent a record $2.5 million lobbying Congress in the first quarter of 2022, more than a 34% increase from the previous quarter, according to its disclosure made public Wednesday night.

The increased spending reflects, in part, mounting pressure on Apple in Washington and abroad as it faces the prospect of greater regulation. Two bills that have passed through the Senate Judiciary Committee this year, the Open App Markets Act and the American Innovation and Choice Online Act, would potentially require Apple to open up its closed ecosystem on the iPhone for developers and prevent it from favoring its own apps over others’ in its app store. Apple has warned of privacy concerns such rules could raise for consumers, though the bills’ authors have said such claims are overblown.

Meanwhile, Europe is readying its Digital Markets App that could have similarly profound impacts on U.S. tech businesses.

The company’s disclosure outlines some key areas of focus for Apple in Washington, including on a pending slate of tech competition bills, foreign digital regulation, semiconductor funding and patent policy. Apple said it also engaged Congress on tax issues and gave general information on its diversity, environmental and coding education programs and policies.

Apple still tends to be one of the lesser spenders among its Big Tech peers. Google spent $2.96 million in the quarter, a nearly 34% increase from last quarter, though still far below its own record quarterly spend that once approached $6 million.

Microsoft, which has managed to sidestep the harshest of criticism leveled by lawmakers at the tech firms, reported a modest increase in spending from the previous quarter, reporting $2.54 million in lobbying, up 2.8% from the prior period.

First-quarter disclosures for Amazon and Meta were not immediately available in the government’s public database.

Subscribe to CNBC on YouTube.

WATCH: Here’s how the lobbying industry works



Source

AI chipmaker Cerebras withdraws IPO
Technology

AI chipmaker Cerebras withdraws IPO

Artificial intelligence chipmaker Cerebras said on Friday that it’s withdrawing plans for an IPO, days after raising over $1 billion in a fundraising round. In a filing with the SEC, Cerebras said it does not intend to conduct a proposed offering “at this time,” but didn’t provide a reason. A spokesperson told CNBC on Friday […]

Read More
Amazon shutters 4 Fresh stores in Southern California as grocery strategy keeps shifting
Technology

Amazon shutters 4 Fresh stores in Southern California as grocery strategy keeps shifting

An employee arranges a salad dressing display at an Amazon Fresh grocery store on December 12, 2024 in Federal Way, Washington. David Ryder | Getty Images Amazon is closing four more Fresh supermarkets in Southern California as the e-commerce giant continues to focus its grocery strategy around Whole Foods and delivery. The closures will take […]

Read More
Quantum stocks Rigetti Computing and D-Wave surged double-digits this week. Here’s what’s driving the big move
Technology

Quantum stocks Rigetti Computing and D-Wave surged double-digits this week. Here’s what’s driving the big move

Inside Google’s quantum computing lab in Santa Barbara, California. CNBC Quantum computing stocks are wrapping up a big week of double-digit gains. Shares of Rigetti Computing, D-Wave Quantum and Quantum Computing have surged more than 20%. Rigetti and D-Wave Quantum have more than doubled and tripled, respectively, since the start of the year. Arqit Quantum […]

Read More