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StockWatch: Apple Drops Over 3%!

Name: StockWatch: Apple Drops Over 3%!
Uploaded: 2021-09-13
Channel: David Kindley
Description: Apple has been dealt a major blow as a court in America ruled that Apple cannot stop app developers from directing users to third-party payment options.This comes after Apple argued that all apps should use Apple's own in-app payment options. The rul

By David Kindley On Sep 13, 2021 270 0

Apple has been dealt a major blow as a court in America ruled that Apple cannot stop app developers from directing users to third-party payment options.

This comes after Apple argued that all apps should use Apple’s own in-app payment options. The ruling could dent Apple’s fees, which can reach as high as 30% of in-app purchases.

Shares in Alibaba have also fallen after a report that its financial affiliate Ant Group is again under scrutiny.

Regulators want to break up Alipay, which is China’s biggest payments app with more than a billion users.

Timestamps:

APPL 02:00
BABA 04:00

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David Kindley

Market Strategist at Orbex David Kindley is a renowned fundamental analyst with over 10 years of trading experience in the financial markets. With a keen eye for macroeconomics and a special focus on trading psychology, David is passionate about helping everyday investors make informed trading decisions through his thorough research and analysis.

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