UK Tribunal Blocks Apple’s App Store Appeal, Potential £1.2 Billion Payout Looms
The post UK Tribunal Blocks Apple’s App Store Appeal, Potential £1. 2 Billicom. COINOTAG recommends • Exchange signup 💹 Trade with pro tools Fast execution, robust charts, clean risk controls. 👉 Open account → COINOTAG recommends • Exchange signup 🚀 Smooth orders, clear control Advanced order types and market depth in one view. 👉 Create account → COINOTAG recommends • Exchange signup 📈 Clarity in volatile markets Plan entries & exits, manage positions with discipline. 👉 Sign up → COINOTAG recommends • Exchange signup ⚡ Speed, depth, reliability Execute confidently when timing matters. 👉 Open account → COINOTAG recommends • Exchange signup 🧭 A focused workflow for traders Alerts, watchlists, and a repeatable process. 👉 Get started → COINOTAG recommends • Exchange signup ✅ Data‑driven decisions Focus on process-not noise. 👉 Sign up → Apple’s appeal against a UK antitrust ruling on its App Store practices has been denied by the Competition Appeal Tribunal, potentially leading to a £1. 2 billion payout to affected users for excessive commissions charged since 2015. This decision highlights ongoing scrutiny of Apple’s iOS ecosystem dominance. UK Tribunal Denies Appeal: The Competition Appeal Tribunal refused Apple’s request to appeal its finding of anticompetitive behavior in App Store commissions. Excessive Fees Identified: The ruling determined Apple’s 30% commission was unfair, estimating a fair rate at 17. 5%, overcharging developers for nearly a decade. Potential £1. 2 Billion Payout: Calculations include damages from October 2015 to February 2024, plus interest, impacting around 20 million UK iPhone and iPad users with higher app prices. Apple UK App Store ruling denies appeal, paving way for £1. 2B consumer payout over anticompetitive fees. Discover impacts on iOS users and global tech regulations-stay informed on digital marketplace changes. What is the Apple UK App Store Ruling and Why Does It Matter? The Apple UK App Store ruling refers to a Competition Appeal Tribunal decision holding Apple accountable for.