Apple shares fall more than 3% after a court ruling against...


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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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I am Joshua Kelly and I focus on breaking news stories and ensuring we (“Al-KhaleejToday.NET”) offer timely reporting on some of the most recent stories released through market wires about “Services” sector. I have formerly spent over 3 years as a trader in U.S. Stock Market and is now semi-stepped down. I work on a full time basis for Al-KhaleejToday.NET specializing in quicker moving active shares with a short term view on investment opportunities and trends. Address: 838 Emily Drive Hampton, SC 29924, USA Phone: (+1) 803-887-5567 Email: [email protected]