Apple Reportedly Seeks 'Concrete Reasons' To Take Down Betting Apps In India
Portfolio Pulse from Shomik Sen Bhattacharjee
Apple Inc (NASDAQ:AAPL) is seeking a concrete reason or legal requirement to comply with the Indian government's directive to remove betting apps from its App Store. Apple has removed some apps banned by the IT ministry in February, while working on a suitable solution for others.

May 30, 2023 | 12:23 pm
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Apple is seeking a concrete reason or legal requirement to remove betting apps from its App Store in India, potentially affecting its compliance with local regulations.
Apple is seeking a concrete reason or legal requirement to remove betting apps from its App Store in India. While the company has removed some apps banned by the IT ministry in February, it is working on a suitable solution for others. This situation could potentially affect Apple's compliance with local regulations, but the overall impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100