Apple (AAPL) is facing a $2.7 billion UK lawsuit over its App Tracking Transparency rules, with app developers alleging on third-party developers, Reuters reported Thursday.
The lawsuit, filed with London's Competition Appeal Tribunal, alleges Apple imposed stricter tracking requirements on third-party apps than on its own services, giving its advertising business an unfair advantage, according to the report.
The case follows years of regulatory scrutiny of Apple's App Tracking Transparency feature, introduced in 2021, which Apple says provides privacy protections, Reuters added.
Apple did not immediately reply to MT Newswires' request for comment.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)