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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Apple Shares Rise from Epic Ruling-led Slide

The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS

Apple Inc's shares stabilized on Monday after losing about $84 billion in market capitalization following a US judge's mixed decision on the iPhone maker's fight with "Fortnite" game maker Epic Games last week.

The court issued a permanent injunction that would let app developers to route its players to alternative platforms to make payments, allowing them to avoid Apple's 30% App Store fees.

Shares were up about 0.8% before the opening bell on Monday.

They had closed down 3.3% on Friday.

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