apple inc AAPL scored in a success on Monday legal action brought by”Fourteen days“Maker Epic Games.
What happened: The ongoing litigation concerns Tim cook-managed businesses in control of its mobile application store.
“Today’s decision confirms Apple’s overwhelming victory in this case, with nine out of 10 lawsuits deciding in Apple’s favour,” said an Apple spokesman. reported CNBC.
See also: How to buy Apple (AAPL) stock
“For the second time in two years, a federal court has ruled that Apple complies with state and federal antitrust laws.”
Monday’s Ninth Circuit Court decision reportedly upheld an earlier decision that Apple did not violate antitrust laws by not allowing competing app markets on its platform.
However, the appeals court upheld the decision that Apple must allow developers to place links that allow users to make payments outside of the company app store.
“Apple prevailed in the 9th Circuit Court,” said the Epic Games CEO Tim Sweeney. He said Epic Games is “working on the next steps,” according to CNBC.
Why it matters: Both Apple and Epic are appealing a 2022 court ruling that said the iPhone maker was not an antitrust monopoly.
At that time, the judge in the case found that Apple’s “anti-steering” provisions were illegal.
Epic filed the lawsuit after Apple removed Fortnite from its App Store via in-app payments. The game maker had tried to bypass the iPhone maker’s app market, which saw in-app payments cut by 30%.
Price promotion: Apple shares were broadly flat at $165.26 in after-hours trade after ending up 0.2% at $165.33 in the regular session, the data said Benzinga Pro data.
Continue reading: Apple is vulnerable to the Justice Department’s broader antitrust probe, which sees iOS favoring itself
[ad_2]
Source story