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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Apple Inc | NASDAQ:AAPL | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.79 | 1.06% | 171.09 | 171.08 | 171.10 | 73,688 | 10:39:59 |
From May 2019 to May 2024
By Daisuke Wakabayashi
A jury ruled in favor of Apple Inc. on Tuesday in a class-action lawsuit that accused the technology giant of violating antitrust laws by suppressing competition for its iPod music players.
After deliberating for only a few hours, an eight-person jury in U.S. District Court in Oakland, Calif., found that Apple's iTunes 7.0 was a genuine product improvement, and therefore not a violation of antitrust laws. The decision was unanimous.
The plaintiffs had said Apple made changes to its iTunes music service so that iPods wouldn't operate with other companies' products, driving up the cost of the devices. The plaintiffs, representing an alleged eight million harmed consumers, were seeking $350 million in damages, which could have been tripled under antitrust laws.
Patrick Coughlin, an attorney for the plaintiffs, said they plan to appeal the decision.
Write to Daisuke Wakabayashi at Daisuke.Wakabayashi@wsj.com
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