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Stock impact report

Apple Seeks to Scrub ‘Dominance' From China Antitrust App Ruling [BNN Bloomberg (Canada)]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: BNN Bloomberg
Apple has filed a petition asking the Supreme People's Court to make tweaks to select sentences in a ruling that ended a dispute over the cut of app revenue it takes from most developers, according to an excerpt of the filing seen by Bloomberg News. The iPhone maker wants the nation's highest court to strike references to Apple's “dominant position” from a decision written by a lower court, which in May tossed out the lawsuit due to a lack of evidence. It's also objecting to a phrase suggesting “unfair pricing may hurt consumers.” Apple appears to be trying to play down its market position in China, where it's often neck-and-neck with Huawei Technologies Co. and other high-end smartphone makers at the top of quarterly shipment rankings. The characterization of Apple's “dominance” — in an official court decision — may get cited in future filings or cases at a time when regulators globally are closely scrutinizing tech giants. At issue is the fee that Apple and its rivals charge deve Show less Read more
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