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Apple’s App Store Dealt Blow by Judge in Epic Antitrust Case
Posted
September 10, 2021
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September 10, 2021
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8:02Now PlayingApple Inc. was ordered by a court to allow developers to steer consumers to outside payment methods for mobile apps, in a ruling that is a severe blow to the iPhone maker.
A federal judge granted an injunction sought by Epic Games Inc. Friday while also ordering the game maker to pay damages to Apple for breach of contract. The order could take a big bite out of the profitability of the App Store: according to analysts the App Store takes in more than $20 billion a year with a profit margin above 75%.
The decision is a significant setback for the world’s most valuable company as it faces growing antitrust scrutiny from lawmakers and global regulators. Apple is expected to appeal, setting the stage for the fight to carry on for at least another year and possibly make its way to the U.S. Supreme Court.
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