Apple takes Epic Games to court over App Store spat
It’s no secret that Fortnite is a popular video game, with over six million downloads. And there is no hiding the influence that big tech company Apple maintains.
However today, video game developer EPIC games will finally have a chance to plead their case as Apple is taken to court over alleged antitrust practices within the App store.
Seeking to shed some light on whether the “monopolistic practices” of the Apple store establish an anti-competitive environment. The studio behind Fortnite is alleging that the current policies are unfair with Apple currently taking a 30% cut of every in-app purchase made within applications available in their online Store.
Epic games made use of an in-game currency known as V BUCKS, circumventing this 30% rule resulting in the removal of Fortnite from Apple’s online store.
One of the arguments that differentiate Apple from other Big game companies is whether users on iPhone and Ipad devices should have alternate payment options for nondedicated gaming hardware. – a blurry line that will no doubt be questioned thoroughly over the course of this case.
The outcome of this case is set to shake up the App store as we know it if Epic games were to win. With over six million downloads there’s no doubt that the Fortnite IP is a valuable one that would add to Apple’s online offering at the right price.
GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.
Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.
Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending
Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.
On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.
Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending
Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.
Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.
Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending