{"id":337782,"date":"2021-09-10T19:45:19","date_gmt":"2021-09-10T16:45:19","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/apple-stock-drops-as-judge-rules-against-app-store-restrictions\/"},"modified":"2021-09-10T19:45:19","modified_gmt":"2021-09-10T16:45:19","slug":"apple-stock-drops-as-judge-rules-against-app-store-restrictions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/apple-stock-drops-as-judge-rules-against-app-store-restrictions\/","title":{"rendered":"#Apple stock drops as judge rules against app store restrictions"},"content":{"rendered":"<p>&#8220;<strong>#<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le stock drops as judge rules against app store restrictions<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>A California judge said Friday that Apple must stop restricting developers from directing users away from in-app purchasing, a move that could let developers avoid the company\u2019s 30 percent cut it takes on some sales.<\/p>\n<p>The ruling is major setback for Apple, which made more than $64 billion in gross sales last year from the App Store alone. Apple shares fell more than 3.3 percent on the day after US District Judge Yvonne Gonzalez Rogers ordered the injunction, which was requested in a high-profile case between Fortnite maker Epic <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/game\/\" data-internallinksmanager029f6b8e52c=\"7\" title=\"Game\" target=\"_blank\" rel=\"noopener\">Game<\/a>s and Apple.<\/p>\n<p>The fees have become a major source of cash for the company as iPhones became central to modern life, with many services moving into apps and giving Apple a cut of sales.\u00a0<\/p>\n<p>The fees, though, have also become a burden on smaller companies that reach customers through the App Store. For example, earlier this year, an executive at Match Group, the owner of Tinder, testified to Congress that app-store fees are Match\u2019s largest expense and would soon exceed $500 million a year, or 20 percent of revenue.<\/p>\n<p>Meanwhile, in her full decision Friday, Rogers stopped short of calling Apple a monopoly, noting that \u201csuccess is not illegal.\u201d <\/p>\n<p>But, she added, the company \u201cis engaging in anti-competitive conduct under California\u2019s competition laws.\u201d<\/p>\n<p>\u201cThe Court concludes that Apple\u2019s anti-steering provisions hide critical information from consumers and illegally stifle consumer choice,\u201d Rogers wrote. \u201cWhen coupled with Apple\u2019s incipient antitrust violations, these anti-steering provisions are anticompetitive and a nationwide remedy to eliminate those provisions is warranted.\u201d<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"792\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/apple-stocks-73.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Apple stock price\" class=\"wp-image-19412286\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/apple-stocks-73.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/apple-stocks-73.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/apple-stocks-73.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Apple shares fell more than 3 percent after US District Judge Yvonne Gonzalez Rogers ordered the injunction.<\/figcaption><figcaption><span class=\"credit\">Google Finance<\/span><\/figcaption><\/figure>\n<p>Despite the order to ease its restrictions on in-app purchases, Rogers ruled in favor of Apple on nine of 10 counts.<\/p>\n<p>Rogers sided with Apple in ruling that Epic breached its contract with Apple when it let Fortnite users pay it directly, refusing to go through Apple.<\/p>\n<p>\u201cToday the Court has affirmed what we\u2019ve known all along: the App Store is not in violation of antitrust law. As the Court recognized \u2018success is not illegal,\u2019\u201d Apple said in a statement. \u201cApple faces rigorous competition in every segment in which we do business, and we believe customers and developers choose us because our products and services are the best in the world.\u201d<\/p>\n<p>The judge\u2019s injunction order takes effect in 90 days, though the company didn\u2019t say Friday if it indeed plans to.<\/p>\n<p>In a\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/TimSweeneyEpic\/status\/1436370670166945792\">statement on Twitter<\/a>,\u00a0Epic Games CEO Tim Sweeney\u00a0slammed the ruling.<\/p>\n<p>\u201cToday\u2019s ruling isn\u2019t a win for developers or for consumers,\u201d Sweeney tweeted. \u201cEpic is fighting for fair competition among in-app payment methods and app stores for a billion consumers.\u201d<\/p>\n<p>\u201cWe will fight on,\u201d he said, with a spokesman adding that the company will appeal the ruling to the\u00a0Ninth Circuit.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/apple-stocks-72.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Flowers are displayed outside the Apple Store at the Fifth Avenue Blooms Mother\u2019s Day installation along Fifth Avenue amid the coronavirus pandemic on May 2, 2021 in New York City. The annual event which was cancelled in 2020 due to the coronavirus pandemic has returned. It  consists of ten large rivers of flowers, 999 planted grow bags in total, 7,000 flowers and 17,000 gallons of soil; each block is a different color palette. The installation runs until May 14th. \" class=\"wp-image-19412303\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/apple-stocks-72.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/apple-stocks-72.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/apple-stocks-72.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Rogers ruled in favor of Apple on nine of 10 counts.<\/figcaption><figcaption><span class=\"credit\">Alexi Rosenfeld\/Getty Images<\/span><\/figcaption><\/figure>\n<p>Friday\u2019s ruling is the latest move that chips away at Apple\u2019s control over its fee-based App Store business. Last month, South Korea passed a law that forces Apple and Google\u00a0to allow developers to use alternative payment systems.<\/p>\n<p>And days earlier, Apple\u00a0settled another lawsuit\u00a0with smaller developers over its fees, paying $100 million and agreeing to allow developers to tell customers in an email about other ways they can pay, avoiding Apple\u2019s fee.<\/p>\n<p>It was a partial concession, but some industry watchers said it was Apple\u2019s preferred outcome and a PR effort to satiate growing calls for reform.<\/p>\n<p>Friday\u2019s ruling could impact other companies, like Google, that also operate their own app stores. Epic is currently in a similar lawsuit with Google\u00a0for commissions on its Android system.\n                        <\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2021\/09\/10\/apple-stock-drops-as-judge-rules-against-app-store-restrictions\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#Apple stock drops as judge rules against app store restrictions&#8221; A California judge said Friday that Apple must stop restricting developers from directing users away from in-app purchasing, a move that could let developers avoid the company\u2019s 30 percent cut it takes on some sales. The ruling is major setback for Apple, which made more&#8230;<\/p>\n","protected":false},"author":1,"featured_media":337783,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/09\/apple-stocks.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[115736,5029,27992,70359],"class_list":["post-337782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-9-10-21","tag-apple","tag-fortnite","tag-stocks"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/337782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=337782"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/337782\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/337783"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=337782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=337782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=337782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}