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U.S. Supreme Court Lets App Store Antitrust Suit Proceed Against Apple

Video Credit: Wochit - Duration: 00:37s - Published < > Embed
U.S. Supreme Court Lets App Store Antitrust Suit Proceed Against Apple

U.S. Supreme Court Lets App Store Antitrust Suit Proceed Against Apple

According to Reuters, the U.S. Supreme Court on Monday gave the go-ahead for a lawsuit by consumers accusing Apple of monopolizing the market for iPhone software applications and forcing them to overpay.

Apple shares were down about 5% after the justices, in a 5-4 ruling, upheld a lower court’s decision to allow the proposed class action lawsuit to proceed.

The plaintiffs could seek billions of dollars in damages if they win on their claims that Apple required apps be sold through its App Store and extracted an excessive 30 percent commission on purchases.

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