Apple's App Store Monopoly Made It Billions, Prof Testifies
Law360 (May 10, 2021, 11:30 PM EDT) -- A University College London economics professor hired by Epic Games Inc. testified in a high-stakes antitrust bench trial Monday that Apple Inc. has monopoly power over the iOS app-distribution market, and that if the tech giant reduced its commission fee from 30% to 6.8% in 2019, it would have still earned $1 billion in App Store profits.
Professor David Evans' testimony came during the sixth day of a California federal trial before U.S. District Judge Yvonne Gonzalez Rogers over Apple's app payment-processing restrictions and its 30% commission on in-app purchases made on its iOS operating system.
Although Apple's App Store profit...
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