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Court finds Apple, executive lied under oath in Epic Games trial

1. Apple held in contempt for violating 2021 Epic Games ruling. 2. Judge accused Apple of presenting false evidence and lying under oath. 3. Apple's new commission policy still collects 27% fees, slightly less than usual. 4. Judgment mandates Apple to cease commissions on off-app purchases immediately. 5. Epic Games CEO claims Apple’s fees are now unlawful in the U.S.

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FAQ

Why Very Bearish?

The ruling undermines Apple's revenue model, especially regarding App Store commissions, which could significantly impact earnings as seen with similar historical cases of regulatory actions against major tech firms.

How important is it?

The ruling could set a precedent for future legal actions, affecting Apple's business operations and investor confidence, similar to past legal battles faced by tech giants.

Why Short Term?

Immediate compliance and penalties imposed may lead to a swift decline in stock performance as investors react to regulatory risks.

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