Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Apple Inc.
  6. News
  7. Summary
    AAPL   US0378331005

APPLE INC.

(AAPL)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Epic v Apple: Apple Must Allow Other Forms Of In-App Purchase

09/16/2021 | 02:13am EDT

On 10 September 2021, Judge Yvonne Gonzalez Rogers issued an injunction in the Epic v Apple case. Apps cannot be restricted from directing users to other payment options, in addition to the ones offered by Apple. The injunction will take effect on 9 December 2021. The injunction reads as follows:

"Apple Inc. and its officers, agents, servants, employees, and any person in active concert or participation with them ("Apple"), are hereby permanently restrained and enjoined from prohibiting developers from (i) including in their apps and their metadata buttons, external links, or other calls to action that direct customers to purchasing mechanisms, in addition to In-App Purchasing and (ii) communicating with customers through points of contact obtained voluntarily from customers through account registration within the app."

The judgment did not render Apple's business model as broadly monopolistic under Californian law, however it did find that Apple was engaging in anti-competitive behaviour.

Epic was found in breach of its contract with Apple when it implemented an alternative payment system in the Fortnite app. Epic must now pay Apple 30% of all revenue collected through the alternative system since it was implemented, totalling at around $3.5 million.

The Epic v Apple judgment can be found here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Tim Cowen
Preiskel & Co
4 King's Bench Walk
Temple
London
EC4Y 7DL
UK

© Mondaq Ltd, 2021 - Tel. +44 (0)20 8544 8300 - http://www.mondaq.com, source Business Briefing

All news about APPLE INC.
05:50pU.S. bill would stop Big Tech favoring its own products
RE
05:41pAPPLE : New MacBook Pro features ultra-fast chips, return of HDMI connectivity
AQ
05:38pStocks rise with U.S. big growth shares; 5-yr U.S. yields climb
RE
05:34pAPPLE INC : JP Morgan reiterates its Buy rating
MD
05:14pAPPLE : unveils upgrades for MacBook Pro laptops and AirPods
AQ
04:23pApple doubles down on chip strategy with new premium-priced MacBooks
RE
04:03pAPPLE : Announces AirPods 3, New Mac Pro With 'Game Changer' M1 Pro/Max Chips, Wedbush Say..
MT
03:45pAPPLE : launches faster chips, MacBook Pro laptops, Airpods at October event
RE
03:43pAPPLE : 'Unleashed' new MacBook Pros, Airpods
AQ
02:52pAPPLE : 'Game Changer' Processor to See Over 30% MacBook Users Upgrade to New Mac Pro, Wed..
MT
More news
Analyst Recommendations on APPLE INC.
More recommendations
Financials (USD)
Sales 2021 366 B - -
Net income 2021 93 810 M - -
Net cash 2021 78 438 M - -
P/E ratio 2021 26,0x
Yield 2021 0,59%
Capitalization 2 422 B 2 422 B -
EV / Sales 2021 6,40x
EV / Sales 2022 6,20x
Nbr of Employees 147 000
Free-Float 99,0%
Chart APPLE INC.
Duration : Period :
Apple Inc. Technical Analysis Chart | AAPL | US0378331005 | MarketScreener
Technical analysis trends APPLE INC.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 44
Last Close Price 144,84 $
Average target price 166,40 $
Spread / Average Target 14,9%
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
Sector and Competitors
1st jan.Capi. (M$)
APPLE INC.9.16%2 394 229
XIAOMI CORPORATION-35.69%68 238
WINGTECH TECHNOLOGY CO.,LTD0.00%19 113
SHENZHEN TRANSSION HOLDINGS CO., LTD.-9.39%17 380
FIH MOBILE LIMITED33.68%1 256
GIGASET AG19.67%55