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    AAPL   US0378331005

APPLE INC.

(AAPL)
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Apple : Epic Games opposes Apple's effort to pause antitrust trial orders

10/23/2021 | 05:39am EST
FILE PHOTO: Smartphone with Epic Games logo is seen in front of Apple logo in this illustration

(Reuters) - "Fortnite" creator Epic Games on Friday opposed Apple Inc's efforts to put on hold orders handed down in an antitrust trial as a potentially lengthy appeals process plays out.

U.S. district Judge Yvonne Gonzalez Rogers in September struck down https://www.reuters.com/article/apple-epic-games-idTRNIKBN2G61IK some of the iPhone maker's App Store rules, including a prohibition on developers directing their users to other payment options beside Apple's in-app payment system, in a partial win for Epic and other app makers.

Apple has until Dec. 9 to comply with the injunction, but earlier this month the company said it will appeal the ruling and asked Gonzalez Rogers to put her order on hold as the appeals process, which could take more than a year, unfolds.

Epic on Friday argued in a court filing that Apple has not met the legal standard for that pause, which requires Apple show that it will be irreparably harmed by even temporarily complying with the order if the injunction is later reversed on appeal.

Epic said that Apple's positive comments about the ruling shortly after it landed, and its delay in asking for a pause, showed that it would not be harmed by enacting the orders.

"The public interest favors denying (Apple's request); an injunction is the only path to effective relief," Epic wrote. "History shows ... that in the absence of an injunction, Apple will not make any changes."

Apple did not immediately respond to a request for comment.

A hearing on Apple's request is set for Nov. 9.

(Reporting by Stephen Nellis in San Franicsco; Editing by Himani Sarkar)

By Stephen Nellis


© Reuters 2021
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Analyst Recommendations on APPLE INC.
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Financials (USD)
Sales 2022 379 B - -
Net income 2022 92 562 M - -
Net cash 2022 81 081 M - -
P/E ratio 2022 28,9x
Yield 2022 0,56%
Capitalization 2 703 B 2 703 B -
EV / Sales 2022 6,92x
EV / Sales 2023 6,59x
Nbr of Employees 154 000
Free-Float 99,9%
Chart APPLE INC.
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Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | MarketScreener
Technical analysis trends APPLE INC.
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus BUY
Number of Analysts 44
Last Close Price 164,77 $
Average target price 167,27 $
Spread / Average Target 1,52%
EPS Revisions
Managers and Directors
Timothy Donald Cook Chief Executive Officer & Director
Luca Maestri Chief Financial Officer & Senior Vice President
Arthur D. Levinson Independent Chairman
Kevin M. Lynch Vice President-Technology
Jeffrey E. Williams Chief Operating Officer
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