Huge Apple lawsuit means 50 million iPhone users in UK could get payout

Birmingham Live
A £1.5 billion lawsuit alleges Apple blocked competition and charged hidden fees, potentially impacting 50 million UK consumers.

Summary

A legal action seeking £1.5 billion in damages has been launched against Apple in the UK, alleging the tech giant blocked competition and imposed hidden fees related to Apple Pay. James Daley, founder of Fairer Finance, claims these practices have harmed approximately 50 million UK consumers by increasing banking costs, which banks have passed on to all customers, not just Apple Pay users. Daley argues that Apple’s actions constitute anti-competitive behavior and seeks compensation for those affected, estimating an average payout of £26 per person. Apple has dismissed the lawsuit as “misguided” and maintains that Apple Pay is a secure payment method that doesn’t directly charge consumers or merchants, and that banks benefit from its fraud reduction capabilities. The Competition Appeal Tribunal will determine whether the class action can proceed.

(Source:Birmingham Live)

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