Trouble has increased for Apple, one of the world’s largest tech companies. A controversy has arisen over the company’s new App Store policy and in this controversy, the world’s leading companies have come before it. Four big tech companies, including Microsoft and X, are opposing Apple’s new policy. Many big tech companies have filed legal petitions against it. 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 protested against Apple’s new app policy and raised the question that the iPhone selling company has not followed the court’s order to approve alternative methods of payment.
Epic Games has already done so. There has been opposition
Earlier, Apple has faced opposition from Epic Games on the new policy of the app. Epic Games, the company that operates the Fortnite game, has also opposed Apple’s new app policy and now it has joined the Wall Street giants in this fight. Actually, Apple has planned to collect commission on payments made outside its App Store. Other tech giants are opposing the same plan of Apple.
Apple lags behind Microsoft here
Apple, which is among the world’s largest companies by value, is facing loss due to this litigation. May have to be lifted. 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. Till a few weeks ago, Apple was the world’s largest company in terms of value, which position has now been captured by Microsoft. The government can also file a case in a separate case. 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 is preventing competing companies from accessing the hardware and software features of its iPhone, which is a violation of antitrust laws."Danger of cyber attack on Indian banks increases, RBI alerts" href="https://www.abplive.com/business/rbi-alert-several-banks-for-cyber-risks-suggest-ways-to-improve-security-and-fill-gaps-2642193" target="_blank" rel="noopener">Risk of cyber attack on Indian banks increases, RBI alerts
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