'Big Day In Cupertino:' Apple Analyst Outlines 2 Ways iPhone Maker Will Benefit From Supreme Court's App Store Ruling
Portfolio Pulse from Shanthi Rexaline
Apple Inc. has won a significant legal victory as the Supreme Court ruled in favor of the company's anti-steering rules, which prevent app developers from directing consumers to alternate payment methods. The ruling will allow Apple to maintain its App Store revenue and reduces the chances of forced changes to App Store policy or rate reductions in the future. Apple's stock ended Wednesday's session down 0.90% at $178.19 but rose 0.13% to $178.43 in after-hours trading.

August 10, 2023 | 6:16 am
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The Supreme Court ruling in favor of Apple's anti-steering rules is a significant legal victory for the company. This will help Apple maintain its App Store revenue and reduces the likelihood of forced policy changes or rate reductions. The news had a slight positive impact on Apple's stock in after-hours trading.
The Supreme Court ruling is a significant legal victory for Apple, as it allows the company to maintain its anti-steering rules. These rules prevent app developers from directing consumers to alternate payment methods, which could potentially reduce Apple's App Store revenue. The ruling also reduces the chances of Apple being forced to make changes to its App Store policy or reduce its rates in the future. This news is highly relevant to Apple and is likely to have a positive impact on the company's stock in the short term.
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