(AAPL) Apple faces US$1 bn UK lawsuit by apps developers over app store fees

<p>Apple is facing a class action lawsuit brought by more than 1,500 apps developers in the UK over App Store fees.</p><ul><li>brought by Sean Ennis, a professor at the Centre for Competition Policy at the University of East Anglia, on behalf of 1,566 app developers</li><li>"Apple's charges to app developers are excessive, and only possible due to its monopoly on the distribution of apps onto iPhones and iPads"</li><li>
"The charges are unfair in their own right, and constitute abusive pricing. They harm app developers and also app buyers."</li></ul><p><a href="https://www.reuters.com/technology/apple-faces-1-bln-uk-lawsuit-by-apps-developers-over-app-store-fees-2023-07-24/" target="_blank" rel="nofollow">Reuters </a>link for a little more.</p><p>One for the equity &amp; equity index folks. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.