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Indian Antitrust Push Tests Apple App Store Model And Valuation Narrative [Yahoo! Finance]
Last apple inc. earnings: 4/30 04:30 pm
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US:NASDAQ Investor Relations: investor.apple.com
India's Competition Commission is moving to a final hearing in a key antitrust case against Apple (NasdaqGS:AAPL) over its App Store rules. The regulator is accelerating the process after Apple reportedly did not supply certain required data. The case could lead to a multibillion dollar penalty calculated on Apple's global turnover and may influence how it runs its App Store in India. Apple, through its App Store, operates a tightly controlled distribution channel for apps across its hardware ecosystem, which includes iPhones, iPads and Macs. As regulators in several regions focus more on app distribution and in app payments, the India case adds another layer of scrutiny for a services business that is important to Apple alongside device sales. For investors watching NasdaqGS:AAPL, the scale and structure of any penalty the CCI may consider, along with potential changes to App Store rules in India, could be important. The outcome might also inform how other regulators globall
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