Apple Sued With Over $1 Billion Lawsuit in UK for High Prices of Market Apps
US tech giant Apple is being targeted by a class action lawsuit seeking over $1 billion (roughly Rs. 8,200 crore) in damages from developers angry about the high price it charges to market apps to users of its products, organisers said Tuesday.
The lawsuit was launched by competition professor Sean Ennis at the University of East Anglia on behalf of 1,500 British app developers.
Apple has abused its dominant market position by charging an excessive 'commission' -- typically 30 percent -- on apps and in-app purchases of digital content," said a statement released by the university.
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