Apple's recent earnings report revealed potential risks ahead following a federal judge's critical ruling in the Epic Games lawsuit. The judge alleged that Apple 'outright lied under oath' and suggested possible criminal charges. The ruling mandates that Apple allow developers to inform customers of potential savings outside the app, posing a threat to App Store revenue. While Apple's earnings exceeded expectations, issues like tariffs and disappointing sales in China have led to a decline in stock prices, thereby impacting investor confidence.
Apple faced a significant ruling this week as a federal judge stated the company 'outright lied under oath' regarding compliance with Epic Games' lawsuit, possibly leading to criminal prosecution.
Despite reporting better-than-expected earnings, the ongoing litigation and penalties related to Epic Games could threaten Apple's App Store revenue significantly, affecting future growth.
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