Supreme Court deals Apple major setback in App Store antitrust case

  • The Supreme Court on Monday ruled 5-4 against Apple , saying iPhone users can pursue their antitrust lawsuit involving the tech giant’s signature electronic marketplace, the App Store.
  • The iPhone users argued that Apple’s 30% commission on sales through the App Store is an unfair use of monopoly power that results in inflated prices passed on to consumers.
  • The result of the iPhone users’ litigation could affect the way that Apple, as well as other companies that operate electronic marketplaces like Facebook , Amazon and Alphabet’s Google , structure their businesses.

Read full article: cnbc.com