'CMA Wins Appeal In Apple Case'
Portfolio Pulse from Benzinga Newsdesk
The UK's Court of Appeal has ruled in favor of the Competition and Markets Authority (CMA), allowing it to proceed with a market investigation into mobile browsers and cloud gaming. This decision overturns a previous ruling that had halted the investigation, which could have implications for companies involved in these sectors, including Apple.
November 30, 2023 | 6:06 pm
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Apple Inc. could face increased scrutiny and potential regulatory challenges in the UK following the Court of Appeal's decision to allow the CMA's investigation into mobile browsers and cloud gaming to proceed.
The Court of Appeal's decision directly impacts Apple as it operates in the mobile browser and cloud gaming markets that are the focus of the CMA's investigation. Increased regulatory scrutiny could lead to changes in market practices, potential fines, or requirements to alter business models, which may negatively affect Apple's operations and stock price in the short term.
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