Spotify submits app update to Apple with external link for purchases in US
1. Spotify updated its app for external subscription links on Apple's platform. 2. A U.S. judge ruled Apple must allow more competition for app downloads.
FAQ
Why Bearish?
The ruling may decrease Apple's app store revenue. Similar rulings have affected tech giants, showing possible long-term revenue pressure.
How important is it?
Legal challenges could reshape Apple's revenue streams, critical for investors' outlook.
Why Long Term?
While immediate effects may be limited, ongoing legal pressures could remain for years, threatening growth.