Apple blocks Fortnite game in US, EU stores, Epic Games says
1. Apple blocks Fortnite in EU and U.S. app stores. 2. This impacts Apple's relationship with developers.
FAQ
Why Bearish?
Blocking major games like Fortnite can lead to negative developer relations and decreased app store revenues. Historical examples include Fallout from Fortnite's removal affecting Apple’s perceived market competitiveness.
How important is it?
This event highlights tensions between Apple and key developers, which can affect stock sentiment and sales. It signals potential regulatory scrutiny, impacting Apple's future operations.
Why Short Term?
Initial backlash from this incident could lead to a swift reaction in Apple's stock price. Similar past events, like Spotify's complaints, affected Apple’s public image and stock performance temporarily.