Epic Victory: Fortnite Returns To iOS In Europe As Apple Relents On EU Ban
Portfolio Pulse from Franca Quarneti
Apple Inc (AAPL) has agreed to reinstate Epic Games' developer account, allowing 'Fortnite' to return to iOS in Europe. This decision comes after pressure from the European Union (EU) and is a significant test of the new Digital Markets Act (DMA), which mandates app stores to permit downloads from third-party sources. Epic Games had previously accused Apple of anticompetitive behavior, leading to their developer account being revoked. Apple's reversal follows the European Commission's investigation into these allegations.
March 08, 2024 | 8:38 pm
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Apple Inc's decision to allow Epic Games to launch its own app store and bring 'Fortnite' back to iOS in Europe could have positive implications for AAPL's stock in the short term.
Apple's decision to reinstate Epic Games' developer account and allow 'Fortnite' back on iOS in Europe is a significant development. This move not only aligns with the EU's Digital Markets Act, promoting competition and third-party app downloads, but also potentially enhances Apple's reputation by showing flexibility and willingness to comply with regulatory pressures. The positive public and regulatory response could lead to increased investor confidence in AAPL, potentially driving the stock price up in the short term.
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