Future Tech

Apple shares rise from Epic ruling-led slide

Tan KW
Publish date: Mon, 13 Sep 2021, 09:20 PM
Tan KW
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Future Tech

Apple Inc's shares stabilized on Monday after losing about $84 billion in market capitalization following a U.S. judge's mixed decision on the iPhone maker's fight with "Fortnite" game maker Epic Games last week.

The court issued a permanent injunction that would let app developers to route its players to alternative platforms to make payments, allowing them to avoid Apple's 30% App Store fees.

Shares were up about 0.8% before the opening bell on Monday. They had closed down 3.3% on Friday.

 


  - Reuters

 

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