APPLE FACES $1 BILLION CLASS ACTION LAWSUIT OVER APP DEVELOPER CHARGES

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Lawsuit led by Prof. Sean Ennis from the University of East Anglia.

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Apple accused of levying "abusive" and "excessive" fees.

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Lawsuit challenges App Store's commission rate of 15% to 30%.

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Apple's app distribution monopoly under scrutiny.

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Company criticized by antitrust regulators in multiple countries.

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Apple claims 85% of developers pay no commission.

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iOS sandbox enables unopposed operation on native platform.

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Apple's stock up nearly 40% amid successful product launches.

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Executives also involved in class action lawsuit against Qualcomm.

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