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A judge found that an Apple executive 'outright lied under oath' in Epic Games case

1. A judge criticized Apple for non-compliance in the Epic Games case. 2. Apple executives allegedly lied under oath about App Store commission fees. 3. The court may investigate criminal contempt against Apple executives. 4. Apple intends to appeal and disagrees with the court's decision. 5. This ruling could intensify scrutiny on Apple's App Store practices.

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FAQ

Why Bearish?

Legal troubles can harm investor confidence, as seen with other tech companies facing litigation. For instance, regulatory scrutiny has negatively impacted stocks like Facebook and Google in similar legal situations.

How important is it?

The article discusses significant legal implications for Apple, reflecting on ongoing antitrust issues that could impact future revenues and operations.

Why Short Term?

Immediate legal consequences could arise, affecting stock performance, as seen with past litigation cases where stocks dropped following unfavorable rulings.

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