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Supreme Court Allows Monopoly Lawsuit Against Apple

Stockhouse Editorial
1 Comment| May 13, 2019

Apple has unfairly monopolized the market for the sale of iPhone apps and consumers can pursue an antitrust lawsuit in the case.

This comes from a dividend Supreme Court ruling on Monday, where the lawsuit over the 30 per-cent commission the company charges software developers whose more than two million apps are sold through the App Store.

The court rejected a plea from Apple Inc. (NASDAQ: AAPL) to end the lawsuit which was filed by iPhone users who must purchase software for their smartphones exclusively through Apple’s App Store. Apple argued that it serves as a pipeline between app developers and consumers and the suit could force Apple to cut the commission it charges software developers.

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May 15, 2019

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