Apple Stock Trades 7% Lower from Record High After Earnings with iPhone Sales Disappointing

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  • #62831
    TradersCom
    Keymaster

    #Apple faces US$1 bn UK lawsuit brought by professor at University of East Anglia on behalf of 1,566 app developers

    – Charges to app developers excessive
    = Monopoly on apps distribution onto iPhones & iPads
    via Reuters
    $AAPL 192.83 ▲0.08 (0.042%) AH

    Brought by Sean Ennis, a professor at the Centre for Competition Policy at the University of East Anglia, on behalf of 1,566 app developers

    “Apple’s charges to app developers are excessive, and only possible due to its monopoly on the distribution of apps onto iPhones and iPads”
    “The charges are unfair in their own right, and constitute abusive pricing. They harm app developers and also app buyers.”

    #58254
    ThePitBoss
    Participant

    Consumer electronics giant Apple stock slumped 4.8% Friday after earnings, down 7.1% for the week (largest since November) after $AAPL closed Monday t
    [See the full post at: Apple Stock Trades 7% Lower from Record High After Earnings with iPhone Sales Disappointing]

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