Epic Games Accuses Apple Of Non-Compliance Of Court Order On Alternative Payment Options
Portfolio Pulse from Rounak Jain
Epic Games has filed a court document accusing Apple Inc. (AAPL) of not fully complying with a court order to allow developers to direct users to alternative payment options outside the App Store. Apple requires developers to apply for 'Link Entitlement' and has limited the use of alternative links to the US iOS and iPadOS App Store. Additionally, Apple has reduced its commission on purchases made through external links to 27% from 30%, but Epic Games disputes Apple's compliance and plans to seek relief from the court.
January 31, 2024 | 2:29 pm
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Apple Inc. is accused by Epic Games of not fully complying with a court order regarding alternative payment options in the App Store, which could lead to further legal action and impact Apple's App Store revenue model.
The accusation by Epic Games could lead to negative sentiment among investors and app developers, potentially affecting Apple's stock price in the short term. The ongoing legal dispute and the possibility of Apple having to alter its App Store policies or face additional penalties could create uncertainty around Apple's services revenue, which has been a growing part of its business model.
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