Apple loses UK antitrust lawsuit over App Store fees

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Apple will owe money to UK users after losing an App Store antitrust lawsuit there on Thursday, according to Financial Times. The Competition Appeal Tribunal ruled that the iPhone maker abused its dominant market position to inflate developer fees.

The tribunal found that the company has “near absolute market power” for iOS app distribution and in-app payments. The decision declared that Apple has been “abusing its dominant position by charging excessive and unfair prices.” FT reports that Apple will…



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Apple loses UK antitrust lawsuit over App Store fees


Apple will owe money to UK users after losing an App Store antitrust lawsuit there on Thursday, according to Financial Times. The Competition Appeal Tribunal ruled that the iPhone maker abused its dominant market position to inflate developer fees.

The tribunal found that the company has “near absolute market power” for iOS app distribution and in-app payments. The decision declared that Apple has been “abusing its dominant position by charging excessive and unfair prices.” FT reports that Apple will…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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