For two decades, no company better embodied the promise of the stock market than Apple. No longer.
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Epic Games has accused Apple of violating a US court injunction governing its lucrative App Store.
The forced opening in Europe of Apple’s ecosystem comes at a sensitive time for the technology giant.
Apple developers will be able to distribute apps to EU users directly from their websites in the coming months.
Under pressure from European regulators, Apple has taken a step back in its feud with Epic Games.
The Digital Markets Act, which has now come into force, is designed to rein in Big Tech. The consequences will be far-reaching.
Apple will face questions over accusations it barred Epic Games from opening its own app store for iPhone customers in Europe.
Apple has stopped Epic Games from opening its own app store for iPhone users in Europe, prompting an immediate backlash.
Traders are eyeing Apple after its stock slid below a critical psychological threshold on Tuesday.
Apple’s troubles in the EU are just beginning, even after it was hit with the third largest antitrust fine ever doled out by the bloc.