Apple Wins Major Antitrust Case Against Fortnite Maker Epic Games
Apple has won the long-drawn antitrust court battle in the US against Fortnite maker Epic Games over its App Store policies.
The ruling is a major setback for Epic Games and other developers and could set precedent for further antitrust claims, according to reports.
The US Ninth Circuit Court of Appeals largely upheld the district court's earlier ruling related to Epic Games' antitrust claims in favour of Apple, reports TechCrunch.
However, it also upheld the lower court's judgment in favour of Epic under California's Unfair Competition Law.
"Today's decision reaffirms Apple's resounding victory in this case, with nine of ten claims having been decided in Apple's favour. For the second time in two years, a federal court has ruled that Apple abides by antitrust laws at the state and federal levels," the tech giant said in a statement.
"We respectfully disagree with the court's ruling on the one remaining claim under state law and are considering further review," it added.
Tim Sweeney, Epic Games Founder and CEO, tweeted: "Lost another court verdict, climbed another mountain. The world has come a long way since 2020 when this journey began, with much progress achieved by many people in many nations around the world. And onward we go!"
Sweeney said that Apple prevailed at the 9th Circuit Court.
"Though the court upheld the ruling that Apple's restraints have aa substantial anticompetitive effect that harms consumers', they found we didn't prove our Sherman Act case," he added.
"Fortunately, the court's positive decision rejecting Apple's anti-steering provisions frees iOS developers to send consumers to the web to do business with them directly there. We're working on next steps," he further posted.
Epic originally sued Apple in 2020, as Apple removed Fortnite from the App Store after the game maker intentionally violated the App Store terms over in-app purchases.
--IANS
na/ksk/
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more