All articles tagged with #mobile platforms
Shares of Alphabet (GOOGL) declined amid UK regulatory threats targeting its mobile ecosystem, as the CMA plans to designate Google and Apple with strategic market status, potentially leading to regulatory actions to increase competition and consumer choice. Despite regulatory pressures, GOOGL remains a strong buy with a consensus price target of $206.51, indicating nearly 8% upside.
Epic Games' legal battle against Google, known as the Epic v. Google trial, has begun in a US district court in San Francisco. While not an exact repeat of Epic's previous trial against Apple, the issues raised in both cases are similar. The initial conflict arose when Epic added an "Epic Direct Payment" option to Fortnite's mobile in-game store, violating Apple and Google's app store rules. While Apple removed Fortnite from the iOS App Store, Google allowed sideloading on Android but removed the game from the Google Play Store. Epic's complaint against Google focuses on the barriers it claims Google imposes to eliminate competition for the Google Play store, including discouraging sideloading and signing exclusive deals with Android OEMs.