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Supreme Court will hear App Store antitrust case

The Supreme Court has agreed to hear arguments on an antitrust case alleging that Apple created a monopoly with its App Store, which makes Apple the exclusive distributor of apps for the iPhone and takes a cut of app sale prices.

Bottom line: If Apple is found guilty of engaging in monopolistic behavior in what it charges developers to carry their apps in its App Store, Apple could be forced to pay out hundreds of millions of dollars to consumers purchasing the apps.