Hitting back at claims that its App Store stifles competition, Apple has told a trial that app developers have myriad ways of maximising profits without paying it a commission, noting Epic Games made US$3.8 billion from in-game currency V-Bucks in 2021.
Google has criticised two competition class actions which piggyback on claims brought by Fornite developer Epic Games as “opportunistic”, but counsel for the class actions told a court the suits on behalf of more than 15 million group members were in the public interest.
A judge overseeing a landmark competition case against Apple and Google has questioned whether Apple’s US lawyers wrongly used court submissions in Australia to put pressure on Epic Games in Europe and justify temporarily removing its developer account.
Google offered Fortnite creator Epic Games $200 million and proposed to acquire equity in the company to prevent it from opening its own app store with exclusive content that could compete with the search giant’s Play Store, a court has heard.
Google is nearing “monopoly levels” with its exploitation of the Android brand to prevent other app stores from competing with its Play Store, the maker of the Fortnite video game has said in a landmark competition trial.
Apple has made exceptional profits skimming a 30 per cent commission from sales on its app store, dubbed by the tech giant’s CEO an “economic miracle”, Epic Games has said on the first day of trial in a landmark competition case.
The competition regulator will not appeal a tribunal ruling that set aside its decision to block the $4.9 billion merger between ANZ and Suncorp, but promised it will continue to scrutinise the banking industry.
Builder J Hutchinson and the union for construction workers have successfully appealed a finding that they unlawfully agreed to boycott an independent subcontractor at a Brisbane building site.
The applicant in a competition class action against AGL Energy has failed to find another funder to back the case after the original funder that bankrolled the case withdrew its support.
A judge has sentenced the former CEO of Bingo Industries to two years’ imprisonment to be served in the community and imposed $30 million in penalties against the waste company for a cartel arrangement with rival Aussie Skips, which copped fines of $3.5 million and an 18 month’ intensive corrections order for its boss.