Benjamin Schachter of Macquarie Research expects the judgment of the Supreme Court a lg-term suit above the developer prices in the App Store will so be heard, but the verdict will ly expire in 2019 and any financial csequences are at least a year away.
While the world is focusing its eyes the Washingt hearings of the proposed US Supreme Court candidate, Brett Kavanaugh, an analyst is looking forward to e of the cases that the Court will deal with this fall.
The report written by Schachter notes that the US Supreme Court will hear arguments in it Apple v. Pepper, a case about the anti-trust implicatis of Apple's App Store costs as early as the last week of November. However, the analyst notes that the arguments can be pushed back to the beginning of 2019.
"In the scenario that Pepper wins (if the court decides that csumers are" direct buyers "with grounds to prosecute), the case will ctinue in the lower courts," the note said. "If Apple wins, it is likely that a similar lawsuit will be filed behalf of developers, not for csumers, and we believe that in any case this case will call for more attenti to the issue of the App Store's ecomy for investors, although the Decisi The Supreme Court has no direct influence the model. "
The note says the case might damage Apple's performance if the decisi leads to lower rates, although that is a few steps away. Macquarie has not adjusted the price target for Apple in the note, so it stays at $ 235.
A decisi is likely to arrive in the spring or summer of 2019.
The Pepper case was first filed in 2011. The case involves a group of app developers who believe Apple's App Store reimbursement regime violates antitrust laws. The prosecutors claim that Apple is engaged in anti-competitive behavior when taking a cut in the sales revenue of developers. The questi also arises of whether companies such as Apple can be prosecuted via App Stores under antitrust legislati, with the plaintiffs possibly being paid triple compensati for the behavior. Google, which has its own versi of the App Store, would also be affected by a statement.
In May, The Department of Justice filed a brief visit to Apple in the Pepper case. Apple appealed to the Supreme Court after the Ninth Circuit Court of Appeals had chosen the prosecutors and the court agreed to the case in June during the next term.