Fortnite Maker Epic Games Accuses Apple Of Blocking Its Game Store Launch
Portfolio Pulse from Shivani Kumaresan
Epic Games has accused Apple Inc. of blocking its efforts to launch the Epic Games Store on iOS devices in Europe, citing arbitrary rejections. This dispute highlights ongoing friction between the two companies despite regulatory pressure from the EU. Apple stock has gained over 15% in the last year, and investors can gain exposure through ETFs like VGT and IYW.
July 05, 2024 | 3:02 pm
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Epic Games has accused Apple of blocking its game store launch on iOS devices in Europe, citing arbitrary rejections. This ongoing dispute could lead to increased regulatory scrutiny and potential legal challenges for Apple.
The ongoing legal and regulatory dispute between Epic Games and Apple could lead to increased scrutiny and potential legal challenges, which may negatively impact Apple's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The iShares U.S. Technology ETF, which includes Apple, may experience short-term volatility due to the ongoing legal dispute between Epic Games and Apple.
As IYW includes Apple, the ongoing legal dispute may cause short-term volatility in the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
The Vanguard Information Technology ETF, which includes Apple, may experience short-term volatility due to the ongoing legal dispute between Epic Games and Apple.
As VGT includes Apple, the ongoing legal dispute may cause short-term volatility in the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50