Apple Secures Billions in Landmark Ruling Ahead of Major Product Launch

A pivotal court decision has safeguarded a multi-billion dollar revenue stream for Apple Inc., prompting Bank of America to raise its price target on the tech giant’s shares. The positive legal development arrives just as the company prepares for its highly anticipated “Awe Dropping” event scheduled for next Monday, where it is expected to unveil the iPhone 17 and potentially introduce its most significant smartphone redesign in years.

The catalyst for the upgraded outlook was a ruling from a US federal judge. Judge Amit Mehta determined that Google can continue its practice of paying Apple billions of dollars annually to remain the default search engine on iPhones. While the judge prohibited Google from entering into exclusive agreements, he affirmed the Read more...