Apple and Google Hit with Antitrust Ruling in Australia, Facing Massive Compensation

An Australian federal court ruled against Apple and Google for anti-competitive conduct, a landmark decision with global implications. The court found both companies abused their market power, charging excessive commissions through their app stores, harming consumers and developers. Millions of Australian consumers and developers can now seek substantial compensation, potentially reaching hundreds of millions of dollars. This ruling is likely to spur regulatory reforms in Australia and globally to promote fair competition and innovation, ultimately leading to lower app prices.