Apple sued by Fortnite maker
Apple's 100% monopoly on its iOS In-App Payment Processing Market has come into the spotlight once again. Video game maker, Epic Games, filed a lawsuit against the company after Apple removed its popular video game Fortnite from the App Store for payment policy violations.
Did you know you can speculate on the price of Apple shares using Contracts for Difference (CFDs)? This allows you to potentially profit from both rising and falling markets. Get started with a free demo trading account today!
The battle between Epic Games and Apple is likely to intensify and is the latest in a series of disputes regarding Apple's App Store rules and policies. Many app makers have criticised the 30% cut Apple takes from digital sales in its app store as well as the company's approval process. Other app providers such as Spotify and Match Group have applauded Epic Game's fight against Apple.
However, the direct challenge to Apple and its policies has also been aimed at Google's payment rules as well. After the video maker filed the lawsuit, Google's Play Store also removed the Fortnite video game app. The story is a huge deal as in the past 30 days around the world, Fortnite was installed 2.4 million times in Apple's App Store. Figures suggest that amounts to $1.2 billion worth of spending in the App Store.
This is not the first time Apple's App Store policies have been in the spotlight. Only in July of this year, Apple CEO Tim Cook was called to the House antitrust subcommittee to defend the company's policies.
How to trade Apple shares with Admiral Markets UK Ltd
If you are feeling bullish or bearish on Apple's share price you can speculate on its price direction using CFDs. To get started, follow these five simple steps:
- Log in to your existing Admiral Markets trading account, or open a live or demo trading account in just a few minutes.
- Click Trade on your chosen account which will direct you to the Admiral Markets MetaTrader Web Platform.
- Type in Apple at the bottom of the Market Watch search box and then drag the symbol onto the chart.
- Use the one-click trading feature on the chart or right-click on select Trading -> New Order.
- Choose your entry, stop loss and target levels and position size (volume) and then confirm the trade.
Source: Admiral Markets MetaTrader 5 Web, #AAPL, Weekly - Data range: Nov 13, 2011 to Aug 14, 2020. Please note: Past performance is not a reliable indicator of future results.
Did you know that you can open a free demo trading account so you can test your trade ideas and theories regarding the price direction of thousands of different stocks and shares and other asset classes in a virtual trading environment? Open your free account today by clicking on the banner below:
INFORMATION ABOUT ANALYTICAL MATERIALS:
The given data provides additional information regarding all analysis, estimates, prognosis, forecasts, market reviews, weekly outlooks or other similar assessments or information (hereinafter "Analysis") published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:
1.This is a marketing communication. The content is published for informative purposes only and is in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
2.Any investment decision is made by each client alone whereas Admiral Markets UK Ltd (Admiral Markets) shall not be responsible for any loss or damage arising from any such decision, whether or not based on the content.
3.With view to protecting the interests of our clients and the objectivity of the Analysis, Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.
4.The Analysis is prepared by an independent analyst Jitan Solanki, Freelance Contributor (hereinafter "Author") based on personal estimations.
5.Whilst every reasonable effort is taken to ensure that all sources of the content are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis.
6.Any kind of past or modeled performance of financial instruments indicated within the content should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.
7.Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, please ensure that you fully understand the risks involved.