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UK court loss could cost Apple £1.5bn

UK court loss could cost Apple £1.5bn

Summary

A UK court ruled against Apple in a case involving claims that the company charged excessive fees on app sales, possibly leading to Apple having to pay up to £1.5 billion. The court found that Apple abused its market power, and the decision came after UK regulators labeled Apple and Google as having substantial control over mobile platforms.

Key Facts

  • Apple may have to pay £1.5 billion in damages after losing a UK court case.
  • The case involved claims that Apple charged high fees on app sales and in-app purchases.
  • The Competition Appeals Tribunal ruled that Apple abused its dominant market position.
  • The case was brought on behalf of 36 million UK iPhone and iPad users.
  • Apple strongly disagrees with the ruling and plans to appeal.
  • UK regulators recently identified Apple and Google as having significant power over mobile platforms.
  • If enforced, Apple might have to allow other app stores on iPhones in the UK.
  • Any UK iPhone or iPad user who bought apps or made in-app purchases since October 2015 might be eligible for compensation.

Source Information