CMA To Probe Apple Over App Store Antitrust Allegations: Bloomberg

U.K. antitrust regulator, the Competition and Markets Authority, opened a probe into Apple Inc’s (NASDAQ: AAPL) alleged leading position in the supply of apps on iPhones and iPads in a bid to restrict competition, Bloomberg reports.
The investigation is preceded by Brexit, which enabled the CMA to monitor tech regulation independently from the E.U. regulators.
Apple wishes to cooperate with the CMA regarding the matter by elaborating on its guidelines for privacy, security, and content that have vouched for App Store’s credibility.
Recently a U.K. judge in London disallowed Epic Games Inc’s lawsuit against Apple for removing Epic’s Fortnite video game from Apple’s App Store. Epic’s launch of an in-app payment system bypassing Apple’s 30% fee allegedly led to removing the game from the store. Epic escalated the matter to the E.U. antitrust regulators.
Yesterday, the Arizona House of Representatives voted to pass landmark legislation that will prevent app stores’ operators from forcing app developers to use a particular in-app payment system as the exclusive mode of payment.
Price action: AAPL stock was down 0.30% at $121.59 in the pre-market session on the last check Thursday.