Antitrust investigation dubs App Store a monopoly, Microsoft adopts ‘app fairness’ rules, pandemic boosts Q3 app revenues

Welcome back to This Week in Apps, the TechCrunch series that recaps the latest OS news, the applications they support and the money that flows through it all.

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The app industry is as hot as ever, with a record 204 billion downloads and $120 billion in consumer spending in 2019. People are now spending three hours and 40 minutes per day using apps, rivaling TV. Apps aren’t just a way to pass idle hours — they’re a big business. In 2019, mobile-first companies had a combined $544 billion valuation, 6.5x higher than those without a mobile focus.

In this series, we help you keep up with the latest news from the world of apps, delivered on a weekly basis.

Apple declared monopoly by U.S. House Judiciary subcommittee on antitrust

Apple was one of the four big tech companies the House Judiciary subcommittee on antitrust declared as having enjoyed

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Asia-Pacific has more billionaires than other regions, as pandemic boosts wealth

There are now 2,189 billionaires globally with a combined wealth of $10.2 trillion, as the pandemic-induced stock market rally catapulted the net worth of the world’s uber wealthy to a new high. 

As of July 2020, Asia-Pacific accounted for the highest number of ultra-high net worth individuals, with 831 (38%) of the super rich residing in the region, where billionaire wealth now totals $3.3 trillion, according to Swiss bank UBS’ new Billionaires Insights Report 2020. That compares to 762 (35%) across the Americas and 596 (27%) in Europe, the Middle East and Africa (EMEA). 

The findings, based on interviews and data from 2,000 billionaires across 43 markets, saw Asia-Pacific retain its global position as “the engine of wealth growth,” UBS Global Wealth Management’s Anurag Mahesh said at the report’s launch Wednesday.  

Mainland China emerged as the region’s top market for wealth creation, with 415 billionaires, followed by India (114), Hong

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China’s Carbon-Neutral Pledge Boosts Solar Rally

Wind turbines on farmland


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Investors can generally ignore goals that world leaders promise the U.N. General Assembly they will achieve 40 years from now. Chinese President
Xi Jinping
’s recent pledge to make his country carbon neutral by 2060 is an exception. 

The scope of Xi’s ambition, in a country that still gets two-thirds of its power from coal, is breathtaking. Follow-up documents from a Tsinghua University think tank estimate China will have to spend $15 trillion on green transformation, increasing solar power six times and wind more than three times. 

But these aims are underpinned by achievements. From a standing start 10 years ago, China has created seven of the world’s top 10 solar module manufacturers, says Xiaojing Sun, who follows the sector for consultant Wood Mackenzie.

These upstarts have largely wiped out European competitors on price, while high U.S. import tariffs have failed to stimulate

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Sysdig Boosts AWS Security with the First Automated Inline Scanning for Fargate

Sysdig also adds threat detection using AWS CloudTrail with open source Falco

Sysdig, Inc., the secure DevOps leader, today announced automated inline image scanning for AWS Fargate containers, directly in Amazon Elastic Container Registry (ECR). Sysdig is the first container and Kubernetes security platform to offer inline scanning for Fargate, which doesn’t require customers to share images or registry credentials outside of their Amazon Web Services (AWS) environment. Sysdig also announced the addition of threat detection using AWS CloudTrail with Falco, the runtime security tool created by Sysdig, and now a CNCF project. The announcement today focuses on closing the visibility and security gap for organizations running on AWS, including in serverless environments like Fargate. The Sysdig Secure DevOps Platform is based on open source technologies. By marrying rich data with context, Sysdig provides deep visibility to organizations looking to embed security, validate compliance, and maximize availability across their entire

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