Apple’s stock fell during trading today, Friday, in the wake of a court ruling against the manufacturer of “iPhone” phones.
A federal judge has ordered Apple to change the way it manages its App Store, which negatively affects its earnings.
And the US judiciary issued a ruling allowing developers to direct consumers outside the payment method of the “Apple” store, and the judiciary explained this ruling that “Apple” does not have the right to compel developers to make purchases within its application only.
The federal judge called on Apple not to prevent developers from providing links or other means of communication that direct consumers away from the Apple App Store, which is forcing developers to deal through it.
In terms of trading, the “Apple” share fell by 3.3% and closed Friday’s session at 148.9 dollars, and the stock recorded the highest price at 155.4 dollars, while the lowest price was recorded at 148.7 dollars, bringing the market value of the “iPhone” maker down by more than 85 billion dollars in one session.
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