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Epic Games asks judge to force Apple to approve Fortnite

1. Epic Games pressures Apple to allow Fortnite on its App Store. 2. Court ruled Apple violated injunction on anti-competitive pricing. 3. Apple plans to appeal the ruling affecting Fortnite's future on iOS. 4. Epic claims Apple punishes it by blocking entry into the market. 5. Fortnite remains offline until Apple resolves its legal issues.

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FAQ

Why Bearish?

Legal challenges could disrupt Apple's revenue from app store commissions, recalling the Fortnite incident's initial price drop.

How important is it?

The ongoing legal battle directly challenges Apple's business model, impacting investor sentiment and stock performance.

Why Short Term?

Immediate legal results could affect AAPL's share price rapidly, similar to past app store controversies.

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