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

Denmark faces data center reckoning as power grid overwhelmed by surging demand
Technology

Denmark faces data center reckoning as power grid overwhelmed by surging demand

COPENHAGEN, Denmark — The Nordics, long seen as a magnet for data center investment thanks to their stable climate and abundance of renewable energy, are now weighing limits on the growth of the power-hungry facilities as surging energy demand forces a rethink. At the center of the debate is Denmark, the first of the Nordics […]

Read More
Big Tech earnings show how big, smart spending can be rewarded by the market
Technology

Big Tech earnings show how big, smart spending can be rewarded by the market

I am growing tired of the endless bubble talk about all of the data center spending. It’s obvious from this quarter that the bubble talk has been proven wrong; try getting someone to say that, though. So, who do I think I am to go there? Just an observer. One who believes that this was […]

Read More
Here are the 3 big things we’re watching in the stock market in the week ahead
Technology

Here are the 3 big things we’re watching in the stock market in the week ahead

The S & P 500 kept its record run alive last week, boosted by a strong batch of earnings reports that showed the artificial intelligence spending boom isn’t slowing down. Even more earnings are on the way in the coming week. Plus, the jobs market will be under the microscope. The market’s blistering rally in […]

Read More