Active Stocks
Mon Sep 25 2023 15:59:39
  1. Tata Steel share price
  2. 127.35 0.51%
  1. Tata Motors share price
  2. 618.6 -0.4%
  1. NTPC share price
  2. 239.6 0.69%
  1. Wipro share price
  2. 414.05 -1.1%
  1. Infosys share price
  2. 1,474.75 -1.42%
Business News/ Opinion / Quick Edit/  Apple’s epic bug

Apple’s epic bug

As Apple didn’t dominate ‘digital mobile gaming transactions’, with Android a big rival, the US court ruling rejected Epic’s contention of Apple’s monopoly abuse under federal law


Though its share price slipped more than 3% in response, Apple Inc. welcomed last week’s US court outcome on antitrust charges levelled by Epic Games. As Apple didn’t dominate “digital mobile gaming transactions", with Android a big rival, the ruling rejected Epic’s contention of Apple’s monopoly abuse under federal law. But, under California’s provisions, it held the iPhone-maker guilty of anti-competitive conduct that stifled consumer choice for not letting apps tell users how to pay via mechanisms outside its Apple Store system. The case can yet be appealed in the US Supreme Court.

Apple recently began to loosen its transaction clamps. Apps offering media content may charge independently, for example, and others have been allowed to email users payment alternatives. Still, the company needs to relook its app policy and ask itself if the money made off apps is worth the damage done to its brand image by closer scrutiny of how it wields its clout. A duopoly in price-collusion can have the same effect as a monopoly. As India’s competition regulator probes the domestic scenario, the ‘gateway control’ exercised by the big two app stores may come into focus.

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 12 Sep 2021, 11:54 PM IST
Next Story
Recommended For You
Switch to the Mint app for fast and personalized news - Get App