Apple loses UK lawsuit over unfair 30% App Store commissions: What we know

Apple on Thursday lost a London lawsuit accusing the US tech company of abusing its dominant position by charging app developers an unfair 30% commission through its App Store, Reuters reported. The Competition Appeal Tribunal ruled against Apple after a hearing of the lawsuit, which was brought earlier this year on behalf of around 20 million iPhone and iPad users in the UK and valued at up to 1.5 billion pounds ($2.01 billion). The case was the first mass lawsuit against a tech giant to be tried under Britain’s fledgling class-action-style regime, with many other cases waiting in the wings. ($1 = 0.7451 pounds) (This is a breaking story, more updates to come…) (With input from Reuters)