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Epic v. Apple fight: Billions at stake as judge determines fate of App Store
by Alexis Keenan May 25, 2021
Alexis Keenan is a legal reporter for Yahoo Finance and former litigation attorney. Alexis Keenan on Twitter @alexiskweed.
While Wedbush analyst Dan Ives predicted that Apple would win its court battle with Epic, he pointed out that the tech giant has also faced antitrust scrutiny in both the European Union and the U.S. In October, House Democrats issued a damning report on Big Tech finding that the App Store allowed Apple to “generate supra-normal profits.”
“We continue to believe Apple comes out with a victory in this Game of Thrones battle, but clearly risks exist if the Judge goes against Apple,” Ives said. “We believe Apple winning the Epic case will remove a major overhang on the stock, although Big Tech remains in regulatory scrutiny for years to come.”
Thanks PIF. “We’ll use your system, because it maximizes our market penetration, but then when you’re not looking we’ll change the rules under which we agree to...” No, ya won’t. :^D
https://news.yahoo.com/epic-apple-antitrust-app-store-case-billions-at-stake-133246708.html