Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG) – Apple CEO Tim Cook to testify alongside Epic’s Sweeney in ‘Fortnite’ trial



[ad_1]

The courtroom drama enters Apple Inc (NASDAQ: AAPL) and Epic Games on the latter’s “Fortnite” game promises to be a celebrity affair.

What happened: Senior executives at the Cupertino, Calif., And Epic-based tech giant are expected to testify in person, CNN reported on Sunday.

Apple CEO Tim Cook, chief software engineering Craig Federighi and Apple Fellow Phil Schiller are potential witnesses, according to a court record seen by CNN.

Epic would call its founder and CEO Tim Sweeney and other senior executives to testify.

“Our leaders look forward to sharing with the Court the very positive impact of the App Store on innovation, economies around the world and the customer experience over the past 12 years,” Apple said in a statement, as reported by CNN.

See also: Apple has a ‘crazy and mistaken view’ of owning all iPhone-related commerce, says Epic founder

Why is this important: Last August, Apple and Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) were taken to court by Epic after its game Fortnite was removed from app stores operated by both companies.

The removal came after Epic tried to bypass a discount billed on in-game purchases by tech giants.

Apple also opposed Epic and called the latter’s lawsuit “nothing more than a simple disagreement over the money.”

Cupertino has since reduced its App Store fees to 15% for small businesses earning up to $ 1 million per year. A movement that was replicated by Google last week.

Price action: Apple shares closed 0.45% lower at $ 119.99 on Friday.

For news coverage in Italian or Spanish, see Benzinga Italia and Benzinga Spain.

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

[ad_2]

Source link