Spotify's US app update gets Apple approval after court ruling
1. Spotify's app update receives Apple's approval for external payment links. 2. A judge limits Apple's ability to charge commissions on off-app purchases.
FAQ
Why Bullish?
The ruling potentially reduces AAPL's commission revenue, impacting margins. Historical parallels show reduced restrictions often lead to increased engagement and sales in affected apps.
How important is it?
The news affects AAPL's revenue model and could influence investor sentiment toward potential resilience against legal challenges.
Why Short Term?
Immediate effects will be seen as developers experiment with new payment strategies. Long-term implications depend on future legal interpretations and adjustments in Apple's business model.