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Apple shares rise from Epic ruling-led slide

Apple shares rise from Epic ruling-led slide

FILE PHOTO: The Apple Inc logo is shown outside the company's 2016 Worldwide Developers Conference in San Francisco, California, U.S. June 13, 2016. REUTERS/Stephen Lam/File Photo

Apple Inc's shares stabilized on Monday after losing about US$84 billion in market capitalization following a U.S. 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 30per cent App Store fees.

Shares were up about 0.8per cent before the opening bell on Monday. They had closed down 3.3per cent on Friday.

(Reporting by Nivedita Balu in Bengaluru; Editing by Arun Koyyur)

Source: Reuters

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