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Daily Poll: Epic Games v. Apple lawsuit, who's the winner?
Shares of $Apple (AAPL.US)$ fell 3.3% on Friday after a federal judge made a decision that could have wide-ranging implications for the tech industry.
Judge Yvonne Gonzalez Rogers concluded that Apple wasn’t unfairly monopolizing the mobile app space with iOS or its in-app purchasing system, and she ordered Epic to pay damages for violating its developer agreement with Fortnite. At the same time, she ordered Apple to remove its anti-steering rules — policies banning developers from telling users about alternatives to Apple’s in-app purchase system.
Apple said the changes "will help make the App Store an even better business opportunity for developers," but Morgan Stanley analyst Katy Huberty believes there will be "minimal financial impact" to Apple. In a research note, she said the changes would result in just a 1-2% hit to Apple's earnings per share in the 2022 fiscal year in a worst-case scenario.
No matter who wins this fight, all these arguments and lays out a blueprint for further legal arguments about mobile platforms, app monopolies, and modern antitrust law.
You May Want to Know:
Epic Games vs. Apple: Timeline of Events Surrounding Fortnite's Removal From App Store
Epic Games vs. Apple: Timeline of Events Surrounding Fortnite's Removal From App Store
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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102711703 : The already some judgements done
SissyBecca : A judge of the U.S. District Court ordered that Apple should not restrict developers from guiding users to pay through third-party payment platforms. May weaken Apple's profitability?
ROM-STAR : In fact, it looks like Apple hasn’t completely lost
Handy_ : I think Apple will win
BigDemon : Epic is so bad. I'm going to stop playing fornite.
70634032 BigDemon : Why because they are defending their company from Apples monopoly
capper_ : The latter will be the winner,l think...
BullRunner : no
BigDemon 70634032 : how is apple a monopoly when android/playstore has a much larger market share