Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Epic Games vs Apple: could the court case fail?

Published

on

The judge at the centre of the Epic Games and Apply lawsuit has warned both parties that the outcome may not be favourable for either company

Neither Epic games nor Apple might win the Lawsuit

U.S. District Judge Yvonne Gonzalez Rogers says she thinks there will be no winner in the ongoing Epic Games vs Apple lawsuit.

She says she remains unconvinced that Apple’s App Store allows for any “real competition”.

The judge also questioned the motive behind Epic Games’ lawsuit against Apple. She said it could turn the Fortnite creator from “a multibillion-dollar company into a multitrillion-dollar company.”

Epic Games, the makers of Fortnite, file separate cases against Apple and Google

Epic Games accused the trillion-dollar companies of using their control of the iOS and Android markets to breach laws forbidding the misuse of market power.

And there does appear to be enough evidence for the judge to completely upend the $142 billion app store market.

The trial revealed the stakes at play for both Epic Games and Apple

The judge assessed a range of options, ranging from leaving Apple’s App Store as it is, to ordering a radical overhaul of the company’s policies.

If she opts for the latter, it would completely change the market.

Apple’s App Store makes around $20 billion a year for the tech giant, meaning they have a lot to lose.

Epic Games also has a lot riding on the lawsuit. Apple removed Fortnite from its app store last year. The game made Epic $5 billion in 2020 from the App Store alone.

Australia’s consumer watchdog enters the showdown

This comes amid reports that Google may also enter the fray before a Federal Court appeal.

The decision could result in a US court determining if app stores run by tech Giants breach Australian competition law.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Leaders

Niche accountants proving essential to e-commerce success

Published

on

Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

#featured

Continue Reading

Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

Published

on

Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

Continue Reading

Money

Financial stress deemed a leading cause of relationship breakdowns

Published

on

Expert insights on preventing financial conflicts and keeping relationships thriving

Investment Insights is an informative and inspiring interview-style show that dives into the world of money management and wealth creation, making complex financial concepts accessible to all.

Hosted by the Founder of The Investor’s WayAndrew Woodward.

In this episode, Andrew is joined by Dee Tozer, Couples Master Coach.

#investment insights

Continue Reading

Trending Now