Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Supreme Court Allows Monopoly Lawsuit Against Apple

Stockhouse Editorial
1 Comment| May 13, 2019

{{labelSign}}  Favorites
{{errorMessage}}

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.



{{labelSign}}  Favorites
{{errorMessage}}

Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today

Featured Company