Apple Doesn’t Need to Adjust App Store Yet (and Therefore Shines on Wall Street)
Apple was one of the stars on Wall Street yesterday. The tech group has already been in the spotlight as the company approaches a market value of $3,000 billion, but investors also received good news from the courtroom.
There, Apple was granted a postponement of an amendment to its App Store rules, as long as an appeal is pending. That adjustment could have cost Apple a lot of money.
Apple has been granted permission on appeal to leave the rules of its App Store as they are for the time being, as long as the so-called Fortnite lawsuit is pending. In September, a California court ruled that Apple had to amend the store's terms by pointing out that users can purchase cheaper subscriptions outside of the App Store. Apple charges a hefty commission on both apps and subscriptions thro...