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ADVERTISEMENT Apple s App Store Runs On 79% Operating Margin, Judge Told Law360 (May 14, 2021, 11:01 PM EDT) An accounting expert hired by Epic Games Inc. testified during a high-stakes antitrust bench trial Friday that Apple Inc. s App Store operating margins verged on an eye-watering 79% in 2018 and 2019, based on data he said he received directly from the files of Apple CEO Tim Cook. Epic s accounting expert, Ned Barnes of Berkeley Research Group, presented the statistics at the close of the second week of the California federal trial before U.S. District Judge Yvonne Gonzalez Rogers over Apple s app payment-processing restrictions and its 30% commission on in-app purchases made on its iOS operating system. ....
May 10, 2021 Share If Epic Games hopes to dismantle the fortress surrounding Apple’s iPhone and its app store, the video game maker probably will need to roll out some heavier artillery heading into the second week of a trial threatening Apple’s $2 trillion empire. So far, at least, Epic has been having trouble proving its allegations that the iPhone maker’s 13-year-old app store has turned into an illegal monopoly. Epic, the maker of the popular Fortnite game, contends Apple has been gouging app makers by charging commissions ranging from 15% to 30% for in-app transactions because it forbids other options on its iPhone, iPad and iPod. When Epic tried to evade the commissions with an alternative payment system in Fortnite last August, Apple ousted it from the app store to set up a legal showdown that could force it to lower its fees. ....
May 10, 2021 FILE - In this Saturday, March 14, 2020 file photo, an Apple logo adorns the facade of the downtown Brooklyn Apple store in New York. If Epic Games hopes to dismantle the fortress surrounding Apple s iPhone and its app store, the video game maker probably will need to roll out some heavier artillery heading into the second week of a trial threatening Apple s $2 trillion empire. (AP Photo/Kathy Willens, File) SAN RAMON, Calif. (AP) If Epic Games hopes to dismantle the fortress surrounding Apple’s iPhone and its app store, the video game maker probably will need to roll out some heavier artillery heading into the second week of a trial threatening Apple’s $2 trillion empire. ....
Epic Games CEO Tim Sweeney enters the Ronald V. Dellums building in Oakland, Calif., to attend his company s federal court case against Apple on Monday, May 3, 2021. Epic, maker of the video game Fortnite, charges that Apple has transformed its App Store into an illegal monopoly. (AP Photo/Noah Berger) by Michael Liedtke, Associated Press May 10, 2021 . SAN RAMON, Calif. If Epic Games hopes to dismantle the fortress surrounding Apple’s iPhone and its app store, the video game maker probably will need to roll out some heavier artillery heading into the second week of a trial threatening Apple’s $2 trillion empire. ....
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