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Epic Games CEO Tim Sweeney says 'the long national nightmare of the Apple tax' is over

1. Epic Games' court victory opens App Store to competition and payment methods. 2. Apple plans to appeal but will comply with the ruling's order. 3. Epic's Fortnite will return to iOS as a result of this decision. 4. Apple's App Store generated $1.3 trillion in sales, demonstrating its market power. 5. Developers may now direct users to better payment options outside iOS apps.

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FAQ

Why Bearish?

The ruling undermines Apple's revenue from App Store fees, similar to past antitrust cases affecting firms like Microsoft.

How important is it?

The ruling directly impacts Apple's App Store revenue model, which is crucial for its financials.

Why Long Term?

As more developers adapt to the new rules, Apple's revenue streams may significantly decline over the next few years.

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