3 Stocks That Don't Need Apple to Win
One of Apple's (NASDAQ: AAPL) key advantages is iOS, its closed-source operating system. This proprietary software gives the company a great degree of control over its hardware ecosystem, including the ability to determine which apps can be installed on its devices. And because those apps (and in-app purchases) can only be transacted through the App Store, Apple is able to take a cut of every transaction (up to 30%).
Of course, this doesn't sit well with many businesses. And after Fortnite was booted from the App Store, developer Epic Games sued Apple, alleging its business model constitutes an illegal monopoly. Ultimately, the court delivered a split ruling: Apple must allow other payment options, meaning it cannot mandate that in-app purchases take place through the App Store, but the App Store itself does not give Apple monopoly power.
In this Backstage Pass video, which aired Sept. 14, 2021, Motley Fool contributors Jason Hall, Demitri Kalogeropoulos, and Trevor Jennewine discuss three stocks that should be just fine regardless of what happens with the App Store.
Source Fool.com
