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New York Post
106 days

Apple to appeal contempt ruling over App Store after judge sided with Fortnite maker

1. Apple appeals a ruling to open App Store to competition. 2. A judge found Apple in contempt for defying antitrust laws. 3. Apple imposed a 27% fee on off-App Store transactions. 4. Federal prosecutors may investigate Apple for misconduct. 5. Court orders Apple to cease practices limiting payment options.

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FAQ

Why Bearish?

Legal troubles can lead to regulatory changes, impacting revenue. Historical cases (e.g., Microsoft) show long-term consequences from antitrust rulings.

How important is it?

The article addresses antitrust issues directly affecting App Store revenue, which is critical for AAPL.

Why Long Term?

Ongoing legal challenges could alter business practices, affecting revenue over time. Long-term shifts in consumer behavior may result from alternatives emerging.

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