Apple has never spent so much money on lobbying as it does now | TechBuzz

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Tech companies, like Apple, spend a lot of money on lobbying. They almost have to, otherwise they cannot influence policy. Such companies have recently come under scrutiny for anti-competitive behaviour. How much does the iPhone maker spend on it now?

Earlier this year, it was revealed, via Bloomberg, that tech companies spend more than $35 million on lobbying. It’s not even about the entire industry. That amount, 35.3 million to be exact, comes only from Amazon, Apple, Google and Meta. They all want to influence policy.

Exactly how much does Apple spend?

Now more information is coming out about the amount Apple in particular spends on that lobby: $4.6 million. The amounts mentioned are all for the first half of 2022. For the iPhone maker, it also applies that the company has never spent as much money on lobbying as it did this year.

Tim cook Apple EU abuse of power Spotify
Apple CEO Tim Cook (Afbeelding: AFP / Mandel Ngan)
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Compared to the same period a year earlier, Apple spent $1.5 million more on it. In the first quarter of 2022, the company spent a record $2.7 million on lobbying; that is 85 percent higher than the same period from 2021. For the second quarter, the manufacturer notes 1.9 million dollars.

Lobbying is becoming increasingly important

Meanwhile, we also see that there are many more lobbyists working at Apple. Those lobbyists try to undermine all kinds of things or gather information in the fight against various antitrust cases. Since 2019, there has been a snowball effect and the company needs these types of people more and more.

That was when Apple and other tech companies came under scrutiny from policymakers and governments for their alleged anticompetitive behavior. The companies must therefore be able to defend themselves well in this fierce battle, because this can cost the shops a lot of money.

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Bloomberg

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Apple has never spent so much money on lobbying as it does now



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I am admin of techbuzz.asia blog & I provide tech-related news. As a part of my hobby, I make content related to technology and gadgets reviews too. I love to be a content creator apart from it, I am a full-time employee in an MNC company and manage blogs systematically. You can mail me at [email protected]

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