Apple Averts iTunes Antitrust Lawsuit and 2 More Heavily Traded Stocks to Follow
Apple Inc. (NASDAQ:AAPL): Current price $488.58
In a Tuesday decision, the United States Court of Appeals in San Francisco said that Apple does not have to face an antitrust lawsuit brought by customers who claimed that it maintained a monopoly over music downloading via its iTunes stores. The court upheld a lower-lower court judge’s dismissal of the case. The customers had alleged in the suit that Apple attempted to block competition, and charge more by disallowing users from playing some iTunes music on non-Apple devices. However, the appeals panel said that Apple’s downloaded song prices stayed the same even after competitors moved into the market.