BRUSSELS, July 25 (Reuters) - Apple (AAPL.O) on Tuesday found itself the target of a 785-million-pound ($1 billion) class action lawsuit brought by more than 1,500 apps developers in the UK over its App Store fees.
Apple's services business, which includes the App Store, has seen revenues grow at a rapid pace in the last few years and now hovers around $20 billion per quarter.
Apple has previously said that 85% of developers on the App Store do not pay any commission and that it helps European developers to access markets and customers in 175 countries around the world through the App Store.
"Apple's charges to app developers are excessive, and only possible due to its monopoly on the distribution of apps onto iPhones and iPads," Ennis said in a statement.
They harm app developers and also app buyers."
Persons:
Sean Ennis, Ennis, Foo Yun Chee, Aurora Ellis
Organizations:
Apple, Competition, Centre for, University of East, OECD, Geradin Partners, Thomson
Locations:
BRUSSELS, University of East Anglia