Reportedly, Apple (AAPL) will face legal and regulatory challenges for its current App Store practices. A group consisting of Spotify Technology SA, Match Group Inc., and “Fortnite” creator Epic Games have joined a nonprofit group, based in Washington, D.C., and Brussels to impose regulatory charges against Apple. Other members part of the coalition includes smaller firms such as Basecamp, Blix, Blockchain.com, Deezer, and Tile, along with developers from Europe, the European Publishers Council, News Media Europe, and Protonmail.
Apple shares a 15% to 30% commission between apps that use its in-app payment system and lays down extensive rules for apps in its App Store, drawing criticism and formal legal complaints from some developers.
The Coalition for App Fairness is set to push legal changes that would force Apple to incorporate changes. Epic is reportedly suing Apple in a U.S. federal court in California over antitrust claims, and Spotify has also filed an antitrust complaint in the European Union.
Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.