Problems have increased for Apple, one of the world’s largest tech companies. A controversy has arisen over the company’s new App Store policy, and the world’s leading companies have come before it. Four big tech companies, including Microsoft and X, oppose Apple’s new policy.
These Big Companies Came In Front Of Apple
According to a report in the Wall Street Journal, many big tech companies have filed a legal petition against Apple. Companies that have taken judicial steps against Apple include Facebook’s parent company Meta, Microsoft, Elon Musk’s X, music streaming platform Spotify and Match Group. Those companies have opposed Apple’s new app policy and raised the question that the iPhone-selling company has not followed the court’s order to approve alternative payment methods.
Epic Games Has Already Protested
Earlier, Apple faced opposition from Epic Games on the new app policy. Epic Games, the company that operates the Fortnite game, has also opposed Apple’s new app policy, and it has now joined the Wall Street giants in this fight. Apple has planned to collect commission on payments made outside its App Store. Other tech giants oppose Apple’s plan.
Apple Lagged Behind Microsoft Here
Apple, among the world’s largest companies in value, may suffer losses from this litigation. Apple has suffered a lot of losses in the last few days. The company’s mcap has now fallen below the prestigious club of $3 trillion, and now Apple is no longer the most valuable company in the world. A few weeks ago, Apple was the world’s largest company regarding value, a position now captured by Microsoft.
American Government Can Also Sue
The US government can also file a separate lawsuit against Apple. According to a Bloomberg report, the US government may drag Apple to court for violating antitrust laws. According to the report, this case can be filed today on Thursday. The US government alleges that Apple prevents competing companies from accessing its iPhone’s hardware and software features, violating antitrust laws.
