Billion-pound lawsuit against Apple over App Store opens in UK
Portfolio Pulse from
A lawsuit against Apple has commenced in the UK, accusing the company of abusing its dominant position in the App Store. Plaintiffs are seeking over one billion pounds in damages.
January 13, 2025 | 9:45 am
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Apple is facing a significant legal challenge in the UK, with a lawsuit alleging abuse of its App Store's dominant position. The outcome could have financial and reputational implications.
The lawsuit directly targets Apple's business practices in the App Store, which is a crucial part of its services revenue. A negative outcome could lead to financial penalties and changes in business practices, affecting investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100