Apple faces $1 bln UK lawsuit by apps developers over app store fees

apple-faces-$1-bln-uk-lawsuit-by-apps-developers-over-app-store-fees
Apple faces $1 bln UK lawsuit by apps developers over app store fees

Apple is facing a class action lawsuit in the UK brought by over 1,500 app developers over its App Store fees, amounting to 785 million pounds ($1 billion). The company’s services business, including the App Store, has experienced significant revenue growth, reaching around $20 billion per quarter. However, the fees charged by Apple, ranging from 15% to 30%, have faced criticism from app developers and antitrust regulators in various countries.

Apple has defended itself by stating that 85% of developers on the App Store do not pay any commission. The company also emphasizes that it facilitates European developers’ access to markets and customers in 175 countries through the App Store. The Competition Appeal Tribunal in the UK is handling the lawsuit, which is being filed by Sean Ennis, a professor at the Centre for Competition Policy at the University of East Anglia and a former economist at the OECD. Ennis argues that Apple’s charges are excessive and only possible due to its monopoly on app distribution for iPhones and iPads. He claims that these charges are unfair and constitute abusive pricing, harming both app developers and buyers.

Ennis is being advised by the law firm Geradin Partners. The exchange rate is $1 to 0.7802 pounds. The article was reported by Foo Yun Chee and edited by Aurora Ellis. The article concludes by stating that Thomson RushHourDaily adheres to the Trust Principles.

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Hi, I'm Alex Perez, an experienced writer with a focus on lifestyle and culture news. From food and fashion to travel and entertainment, I love exploring the latest trends and sharing my insights with readers. I also have a strong interest in world news and business, and enjoy covering breaking stories and events.

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