A California district judge struck a blow to one of Apple’s (AAPL) major revenue engines on Friday by ruling that the iPhone maker needs to give app developers the ability to offer alternative app payment options to consumers. Apple currently restricts developers to using its own Apple payment service, which automatically draws a 30% commission from the sale of apps. Developers including Spotify (SPOT) have complained of the commission for years, but the ruling by District Judge Yvonne… Source link
Read More »The Epic v. Google lawsuit finally makes sense
There was never any question what Epic Games wanted when it took Apple to court: the 48-second “Nineteen Eighty-Fortnite” made it clear App Store hypocrisy was the agenda. But the justification for a parallel case against Google wasn’t as clear-cut until today — it’s only now we’re learning about the most damning accusations against the Android giant. On Thursday, Judge James Donato unsealed a fully unredacted version of Epic’s original complaint against Google (via Leah… Source link
Read More »Google’s ‘Project Hug’ paid out huge sums to keep game devs in the Play Store, Epic filing claims
Google quietly paid game developers hundreds of millions of dollars in incentives to keep their games on the Play Store, a newly unredacted complaint from Epic Games in its antitrust suit against Google alleges. The program was known as “Project Hug,” or later as the “Apps and Games Velocity Program.” In 2018, when Fortnite for Android first launched, Epic Games took the unusual step of exclusively releasing it outside of the Google Play Store. Instead, players had to download an… Source link
Read More »every leader has an ‘epic fail’
Leaders from all walks of life, from politics to business and finance, can experience major setbacks during their tenure. David Novak, co-founder and former CEO of Yum! Brands, Inc. (YUM), is very much aware of this. In an Influencers interview with Yahoo Finance Editor-in-Chief Andy Serwer, Novak discussed the infamous failure of Crystal Pepsi, a product he was behind the development of, as well as how he bounced back as a business leader and the lessons others can learn from his… Source link
Read More »Google allegedly considered buying Epic Games to silence antitrust complaints
Enlarge / Let’s see, you landed on my “Google Ads” space, and with three houses, that’ll be $1,400. Ron Amadeo / Hasbro Back in 2018, Google and Epic Games kicked off a years-old spat over Fortnite on the Play Store. Instead of distributing the game through Google Play, Epic decided that sideloading would be the way to get Fortnite on Android, thereby sidestepping Google’s 30 percent cut of sales. Epic would go on to file an antitrust… Source link
Read More »Google considered buying ‘some or all’ of Epic during Fortnite clash, court documents say
Google considered buying Epic Games as the companies sparred over Epic’s Fortnite Android app, according to newly unsealed court filings. Last night, Google lifted some of its redactions in Epic’s antitrust complaint against Google, which Epic amended and refiled last month. The complaint still omits many details about Google’s dealings with specific companies, but the new details reflect internal Google communications about competition on the Android platform. Epic claims Google… Source link
Read More »Papa John’s Epic Stuffed Crust pizza helps chain beat Wall Street sales forecast
An increase in mobility as more people get vaccinated for COVID-19 hasn’t changed much for the trajectory of Papa John’s (PZZA) business. The pizza joint clobbered Wall Street sales and profit forecasts on Thursday, powered by demand for new Epic Stuffed Crust pizza and Papadia sandwiches. Here is how Papa John’s performed compared to Wall Street analyst forecasts for the second quarter: Adjusted Diluted EPS: $0.93 vs. $0.73 Net Sales: $515 million vs. $494.4 million Systemwide North America… Source link
Read More »Epic files new complaint in its antitrust suit against Google
Epic has renewed its fight against mobile platforms’ app store restrictions, filing an update to its antitrust case against Google. The filing adds mostly redacted details about Google’s alleged monopolistic behavior on Android, including banning Epic’s game Fortnite from the Google Play Store last year. The amended complaint comes soon after a judge officially linked the case with a recent multi-state lawsuit, which took aim at Google’s Play Store policies. Epic’s complaint… Source link
Read More »Apple Accuses Microsoft of Using Epic in Legal Attack
(Bloomberg) — Apple Inc. injected a new level of intrigue in its bitter court fight with Epic Games Inc., suggesting the Fortnite maker was acting as a stalking horse for Microsoft Corp. and withholding evidence. The iPhone maker made the accusations Wednesday night in a filing asking a judge to make an adverse credibility finding against Lori Wright, an Xbox executive who testified in the trial on behalf of Epic. That would mean the judge could ignore her testimony. Apple asked for such a… Source link
Read More »Apple will face a critical test when CEO Tim Cook testifies at the Epic trial
WASHINGTON, DC – JULY 29: Apple CEO Tim Cook speaks via video conference during the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law hearing on Online Platforms and Market Power in the Rayburn House office Building, July 29, 2020 on Capitol Hill in Washington, DC. (Photo by Graeme Jennings-Pool/Getty Images) Wednesday, May 19, 2021 This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it… Source link
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