Apple Antitrust Case Given Go Ahead by Supreme Court – MarketPulse

  • The U.S. Supreme Court on Monday gave the go-ahead for a lawsuit by consumers accusing Apple Inc of monopolizing the market for iPhone software applications and forcing them to overpay, rejecting the company’s bid to escape claims that its practices violate federal antitrust law.
  • The plaintiffs said the Cupertino, California-based technology company required apps be sold through its App Store and extracted an excessive 30 percent commission on purchases.
  • Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs.

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