Apple CEO Tim Cook To Testify Alongside Epics Sweeney In Fortnite Trial – Benzinga1 min read

https://www.benzinga.com/news/21/03/20269838/apple-ceo-tim-cook-to-testify-alongside-epics-sweeney-in-fortnite-trial

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The courtroom drama between Apple Inc (NASDAQ: AAPL) and Epic Games over the latters “Fortnite” video game promises to be a star-studded affair.
What Happened: Top executives from the Cupertino, California-based tech giant and Epic are expected to testify in-person, CNN reported Sunday.
Apple CEO Tim Cook, software engineering chief Craig Federighi and Apple Fellow Phil Schiller are potential witnesses, according to a court filing seen by CNN.
Epic will supposedly call its founder and CEO Tim Sweeney and other magnates to stand witness.
” Our senior executives eagerly anticipate showing the court the really favorable effect the App Store has actually had on innovation, economies across the consumer and the world experience over the last 12 years,” Apple said in a statement, as reported by CNN.
See Also: Apple Holds Crazy, Misguided View About Owning All Commerce Related To iPhone, Says Epic Founder
Why It Matters: Last August, Apple and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) were brought to justice by Epic after its Fortnite game was removed from the app shops run by the 2 companies.
The removal came after Epic attempted to bypass a cut charged on in-game purchases by the tech giants.
Apple too countersued Epic and called the latters lawsuit as “absolutely nothing more than a fundamental dispute over cash.”
Cupertino has given that then slashed its App Store cost to 15% for small companies making as much as $1 million each year. A relocation that was duplicated by Google recently.
Cost Action: Apple shares closed 0.45% lower at $119.99 on Friday.
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© 2021 Benzinga.com. Benzinga does not supply investment recommendations. All rights scheduled.

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