TLDR Apple (NASDAQ: AAPL) closed at $272.69, down 0.29%, amid ongoing legal battles in the UK. The UK Competition Appeal Tribunal (CAT) denied Apple’s request to appeal a ruling over unfair App Store fees. Apple faces potential damages of up to $2 billion for abusing its dominant position. The company plans to take its case [...] The post Apple Inc. (AAPL) Stock: Denied Appeal in UK App Store Commission Case, Faces $2 Billion Payout appeared first on CoinCentral.TLDR Apple (NASDAQ: AAPL) closed at $272.69, down 0.29%, amid ongoing legal battles in the UK. The UK Competition Appeal Tribunal (CAT) denied Apple’s request to appeal a ruling over unfair App Store fees. Apple faces potential damages of up to $2 billion for abusing its dominant position. The company plans to take its case [...] The post Apple Inc. (AAPL) Stock: Denied Appeal in UK App Store Commission Case, Faces $2 Billion Payout appeared first on CoinCentral.

Apple Inc. (AAPL) Stock: Denied Appeal in UK App Store Commission Case, Faces $2 Billion Payout

2025/11/14 03:22

TLDR

  • Apple (NASDAQ: AAPL) closed at $272.69, down 0.29%, amid ongoing legal battles in the UK.
  • The UK Competition Appeal Tribunal (CAT) denied Apple’s request to appeal a ruling over unfair App Store fees.
  • Apple faces potential damages of up to $2 billion for abusing its dominant position.
  • The company plans to take its case to the UK Court of Appeal within 21 days.
  • Apple maintains the App Store is a competitive and secure platform benefiting both developers and consumers.

Apple Inc. (NASDAQ: AAPL) traded at $272.69, down 0.29% as of early Thursday afternoon, following news that the UK Competition Appeal Tribunal (CAT) refused its application to appeal a ruling on App Store commissions.

Apple Inc., AAPL

The tribunal had earlier found Apple guilty of abusing its dominant market position by imposing unfair fees on app developers.

The tribunal’s decision leaves Apple facing potential damages exceeding £1 billion ($1.3 billion). While Apple cannot appeal within CAT, it retains the right to take its case to the UK Court of Appeal. Apple’s lawyers have requested 21 days to file the necessary application.

Tribunal’s Findings and Developer Claims

Last month’s ruling determined that Apple’s standard 30% commission fee was excessive compared to what would be considered fair market rates, estimated at 17.5%. The CAT concluded that developers had been overcharged, and roughly 50% of those costs were passed on to consumers.

The case, initiated by Dr. Rachael Kent, covered transactions from October 2015 through February 2024 and could result in a payout exceeding £1.2 billion when interest is included. Kent described the verdict as “one step closer to App Store users finally seeing their money rightfully returned.”

Apple’s Response and Legal Strategy

Apple responded by reiterating its disagreement with the tribunal’s findings, arguing that the CAT took a “flawed view of the thriving and competitive app economy.” The company maintains that the App Store fosters competition and offers developers and users a safe, trusted marketplace.

Apple’s legal team contends that the tribunal’s damages calculations were based on “informed guesswork.” The company argues that its fees should not have been compared to those of other platforms like Steam, Epic, and Microsoft, which lack equivalent developer tools and services.

Apple’s court filings also emphasized that developers may not have reduced consumer prices even if commission rates were lower. The company plans to use these arguments when appealing to the Court of Appeal, expected to begin no later than December 5, 2025, once formal denial documentation is issued.

Market and Performance Overview

Despite mounting legal challenges, Apple’s financial performance remains strong. As of November 13, 2025, AAPL’s year-to-date return stands at 9.38%, while the one-year return is 21.67%, outperforming the S&P 500’s 13.06%. Over three and five years, Apple has posted 84.90% and 134.88% returns, respectively, continuing to outperform the benchmark index.

Outlook

The CAT’s decision represents a significant regulatory setback for Apple, which is facing heightened scrutiny across global markets. The company’s next legal steps will be closely monitored, as the outcome could influence how digital platform commissions are structured worldwide.

The post Apple Inc. (AAPL) Stock: Denied Appeal in UK App Store Commission Case, Faces $2 Billion Payout appeared first on CoinCentral.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Mt. Gox moves $936M in Bitcoin after eight-month dormancy

Mt. Gox moves $936M in Bitcoin after eight-month dormancy

The post Mt. Gox moves $936M in Bitcoin after eight-month dormancy appeared on BitcoinEthereumNews.com. Key Takeaways Mt. Gox moved $936 million in Bitcoin after eight months of inactivity. The movement relates to the exchange’s ongoing court-supervised creditor repayment process. Mt. Gox, the defunct crypto exchange, moved $936 million worth of Bitcoin today after remaining dormant for eight months. The transfer involved shifting Bitcoin to a new wallet address, marking the first significant activity from the exchange’s holdings since March. The movement comes as Mt. Gox continues its court-supervised creditor repayment process. The rehabilitation trustee has extended the deadline for creditor reimbursements to allow more time for managing Bitcoin distributions. Mt. Gox has been gradually shifting Bitcoin to new addresses as part of its ongoing efforts to repay creditors. The exchange collapsed in 2014 following a massive hack that resulted in the loss of around 850,000 Bitcoin. The latest wallet activity suggests preparations may be underway for additional creditor payments, though the exchange has not disclosed specific timelines for distributions. Mt. Gox began returning funds to creditors in 2024 after years of legal proceedings. This is a developing story. Source: https://cryptobriefing.com/mt-gox-moves-936m-in-bitcoin-after-eight-month-dormancy/
Share
BitcoinEthereumNews2025/11/18 12:58