Apple faces real, but limited, risk to its revenue and profits from Friday’s ruling that requires it to allow developers to offer alternative payment methods for purchases made in apps downloaded through the Apple app store.In a case filed by Fortnite publisher Epic Games, U.S. District Judge Yvonne Gonzalez Rogers issued a permanent injunction that requires Apple to allow developers the option to include links to alternative payment methods in their apps. Apple’s own payment system takes a 30%
Some of the stocks that may grab investor focus today are:
Wall Street expects Macy's Inc (NYSE: M) to report quarterly earnings at $0.14 per share on revenue of $4.98 billion before the opening bell. Macy's shares rose 0.4% to $18.14 in after-hours trading.