The company could have been hit with daily fines of 5% of its average daily worldwide revenue, or about 50 million euros ($58 million) per day.
"While some investors may question the near-term severity of the ruling from the Epic Games case, this concern appears to be moot." — Analyst Wamsi Mohan
Read More BofA maintains $235 Apple target after App Store revenues grew 12% in June
"The European Commission is requiring Apple to make a series of additional changes to the App Store. We disagree with this outcome and plan to appeal." — Apple
Read More Why has Apple rejiggered the App Store rules again?
Tilting at the app stores
9 months ago
9 months agoThe first time around, Apple, Google, Amazon, and Meta reportedly spent nearly $95 million lobbying against the bill.
Horace Dediu: Apple's App Store gets no respect
10 months ago
10 months ago"If judged on the question of creation and satisfaction of the customer — i.e. the ultimate purpose of the firm — the App Store and Services in general has satisfied 1.4 billion people. That they are spending over $1.3 trillion and doubling in 4 years is nothing short of astonishing."
"The long national nightmare of the Apple tax is ended." — Epic Games' Tim Sweeney
Read More Apple's emergency appeal of its Epic loss was shot down by 3-judge panel
Evercore: No Epic effect on Apple's App Store — yet
10 months ago
10 months ago"Revenue from the US market was up 10%, the highest growth rate since January." — Analyst Amit Daryanani
Read More Evercore: No Epic effect on Apple's App Store — yet
Europe nixes Apple's fix
10 months ago
10 months ago"The decision is bad for innovation, bad for competition, bad for our products, and bad for users." — Apple's official response
Apple: Constant assault by bad actors
10 months ago
10 months agoIn 2024, Apple detected and blocked over 10,000 illegitimate apps on pirate storefronts, which include malware, pornography apps, gambling apps, and pirated versions of legitimate apps from the App Store.
From Amber Neely's "After a lengthy legal battle and billion-dollar loss, 'Fortnite' is back on iOS" posted Tuesday by AppleInsider.
Read More Apple's five-year Fortnite nightmare is over — for now
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