The Supreme Court on Monday ruled 5-4 against Apple in a case involving its signature electronic marketplace, the App Store, allowing iPhone users to move forward with their suit against the company.
The opinion was authored by Justice Brett Kavanaugh. Shares of Apple, already battered by trade concerns, were down more than 5%, lagging the broader market. The result was widely expected after arguments in November, during which the justices seemed skeptical of Apple’s arguments.
The legal battle over the company’s online marketplace has dragged on for nearly a decade. Hundreds of millions of dollars in penalties could hang on the outcome.
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