Apple Inc (NASDAQ:AAPL, ETR:APC) shares were in the red ahead of its earnings report on Thursday after the iPhone maker was on the wrong side of major legal decisions on either side of the Atlantic. In the UK appeals court, the US tech giant was ordered it to pay $502 million to Optis Cellular over a patent infringement, while earlier a US judge accused the tech giant of flouting an earlier court ruling on its App Store policies.
The chief investment officer at Silvant Capital talks about what investors are overlooking at Nvidia, Apple and a cruise-ship giant.
The world's most valuable company has become so reliant on Chinese suppliers and sales that it would be worth half as much or less without them.
A US judge on Wednesday accused Apple of defying an order to loosen its grip on the App Store payment system to the point that criminal charges could be warranted.
Apple Inc's (NASDAQ:AAPL, ETR:APC) shares fell around 1.6% in after-hours trading on Wednesday after a US judge ruled the company had violated a court order relating to its App Store payments policy. The decision, in a long-running case brought by Fortnite maker Epic Games, referred Apple to federal prosecutors to consider a potential criminal contempt investigation.
A judge on Wednesday said that Apple was not complying with a 2021 injunction in the Epic Games case. Apple ignored a court order and an executive "outright lied under oath," the judge wrote.
Judge says executive told ‘outright lies' when he gave testimony in antitrust case from Fortnite maker Epic Games
Epic Games notched a win in an ongoing legal dispute with Apple. The result could be Fortnite returning to the U.S. iOS app store as early as next week.
The ruling was a stinging defeat for Apple in a long-running antitrust case brought by Epic Games, the maker of Fortnite, on behalf of app developers.
Apple Inc. “outright lied” and willfully ignored an antitrust ruling to open up its App Store, a federal judge said late Wednesday as she blocked Apple from collecting new fees on certain purchases.
A federal judge hammered Apple for violating a ruling in an antitrust case that required the company to loosen certain restrictions it imposes on software-makers in its App Store.
Apple willfully violated and ignored a 2021 decision that came out of the Epic Games case, Judge Yvonne Gonzalez Rogers said in a decision on Wednesday. Rogers added that she referred the matter to U.S. attorneys to investigate whether to pursue criminal contempt proceedings on both Roman and Apple.