Apple Denied Request To Appeal Loss In Developer Lawsuit Over App Store Commissions: Report
Synopsis
In October, Apple lost a lawsuit valued at up to £1.5 billion, brought on behalf of nearly 20 million iPhone and iPad users.
Apple Inc. (AAPL) was reportedly denied a request to appeal the outcome of a lawsuit in the U.K. on Thursday, which accused the iPhone maker of abusing its dominant position by charging unfair app store commissions to developers.
According to a Reuters report, the U.K.’s Competition Appellate Tribunal (CAT) refused permission to Apple to challenge its ruling at the Court of Appeal.
Apple shares were up 1% in Thursday’s opening trade. Retail sentiment on Stocktwits around the company trended in the ‘neutral’ territory at the time of writing.
In October, Apple lost a lawsuit valued at up to £1.5 billion ($2 billion), brought on behalf of nearly 20 million iPhone and iPad users.
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