In this article

AAPL

Follow your favorite stocks CREATE FREE ACCOUNT

Apple on Thursday lost a London lawsuit accusing the U.S. tech company of abusing its dominant position by charging app developers an unfair 30% commission through its app store.

The Competition Appeal Tribunal (CAT) ruled against Apple after a trial of the lawsuit, brought on behalf of around 20 million iPhone and iPad users in the United Kingdom and valued at up to 1.5 billion pounds ($2.01 billion), earlier this year.

Rachael Kent, the British academic who brought the case, argued Apple had made "exorbitant profits" by excluding all competition for the distribution of apps and in-app purchases.

The CAT ruled that Apple had abused its dominant position by shutting out competition in the app distribution

See Full Page