Apple and Meta Near EU Antitrust Settlement as Stock Performance Diverges

Apple (AAPL) and Meta Platforms (META) shares are moving in opposite directions as both companies approach settlements with the European Union over antitrust violations. The Financial Times reports the tech giants are finalizing agreements that WOULD resolve EU lawsuits and mandate changes to their business practices in the region. This follows combined fines of €700 million in April 2025 for Digital Markets Act breaches.

Apple shares have gained 8% over the past month despite a Wall Street downgrade from Jefferies, which cited unrealistic iPhone upgrade expectations. In contrast, Meta shares fell 4% even as TD Cowen maintained its Buy rating and $875 price target ahead of Q3 earnings. Wedbush analysts raised Apple's price target to $310, citing strong early demand for new products that suggests a genuine upgrade cycle.