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Apple Denied Appeal in £1.2bn UK App Store Antitrust Case
Apple Denied Appeal in £1.2bn UK App Store Antitrust Case
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BTCCSquare news:
Apple's attempt to appeal a landmark UK ruling accusing it of anticompetitive App Store practices has been rejected. The Competition Appeal Tribunal upheld its decision that Apple's 30% commission stifled competition, suggesting a fair rate WOULD have been 17.5%. This paves the way for potential £1.2 billion in damages.
The tribunal found Apple's fees artificially inflated app prices for UK consumers over nine years, with developers passing on half the overcharge. While Apple can still appeal to the Court of Appeal, this marks a significant escalation in global scrutiny of tech giants' marketplace dominance.
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