Apple loses UK App Store monopoly case, penalty might near $2 billion

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A landmark case in the UK concerning Apple’s App Store practices has just been decided, with a London tribunal ruling against the company in a move that could cost Apple up to $2 billion.

London tribunal rules that Apple overcharged app developers for years with unfair commissions

Sam Tobin writes at Reuters:

Apple abused its dominant position by charging app developers unfair commissions, a London tribunal ruled on Thursday, in a blow which could leave the U.S. tech…



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Apple loses UK App Store monopoly case, penalty might near $2 billion


A landmark case in the UK concerning Apple’s App Store practices has just been decided, with a London tribunal ruling against the company in a move that could cost Apple up to $2 billion.

London tribunal rules that Apple overcharged app developers for years with unfair commissions

Sam Tobin writes at Reuters:

Apple abused its dominant position by charging app developers unfair commissions, a London tribunal ruled on Thursday, in a blow which could leave the U.S. tech…



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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