Explainer: What's next for Apple after US court's contempt order in Epic Games case?
1. Apple may face a criminal contempt probe over App Store competition violation. 2. A judge claims Apple misled the court regarding its App Store practices.
FAQ
Why Bearish?
The potential for legal ramifications can negatively impact investor sentiment. Similar cases, like Google's antitrust issues, have historically affected stock prices.
How important is it?
Legal challenges around the App Store can lead to significant operational and financial changes, affecting AAPL's valuation.
Why Short Term?
Legal investigations tend to affect stock prices quickly; Apple's stock may react in the near term. Anticipation of fines or operational changes often leads to immediate market reactions.