In setback for Apple, U.S. Supreme Court lets App Store antitrust suit proceed

In setback for Apple, U.S. Supreme Court lets App Store antitrust suit proceedA divided U.S. Supreme Court on Monday gave the go-ahead to an antitrust lawsuit accusing Apple Inc of forcing consumers to overpay for iPhone software applications, a decision that could lead to billions of dollars in damages and put at risk the company's lucrative way of selling apps. The consumer plaintiffs claim Apple monopolized the market in violation of federal antitrust law by requiring that apps be sold through its App Store and extracting an excessive 30 percent commission on purchases. Apple's shares fell 5.8% to $185.72.




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