Apple Wins Partial Relief in Epic Appeals Ruling [Yahoo! Finance]
Apple Inc. (AAPL)
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Source: Yahoo! Finance
when a U.S. appeals court decided to set back elements of a contempt judgment that was related to App Store regulations. The verdict takes some of the burden off of Apple, but the most important rules from the Epic case are still in place. Warning! GuruFocus has detected 9 Warning Signs with INTC. Is AAPL fairly valued? Test your thesis with our free DCF calculator. The justices amended the section of the verdict that suggested Apple couldn't charge for non-App Store transactions. Apple claims it must be allowed to charge fees for transactions outside its platform to fund security and platform services. The court affirmed the bigger decision requiring Apple to let developers direct clients to alternate payment options. The initial complaint stressed this. Epic began the battle in 2020 to avoid Apple's 30% tax on Fortnite in-app sales. After that, Apple's app payment control was disputed in court for years. Tim Sweeney, Epic's CEO, said the latest ruling prevents Apple from dem
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