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CEO Tim Cook will defend his company against accusations from Epic Games that Apple has an illegal monopoly. The trial has focused on a 30% commission on most purchases made in the Apple App Store.
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The trial is about one app developer, Epic Games, but the outcome could have far-reaching consequences for Silicon Valley and the future of how money moves on smartphones and other devices.
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This past week: Outrage grew in Elizabeth City — along with national attention — over the killing of Andrew Brown Jr. by Pasquotank County deputies, especially after a judge delayed the public release of body camera footage in the case. A mass shooting in the Boone area left a married couple, two sheriff's deputies and the suspected gunman dead. North Carolina earned a 14th U.S. House seat after the 2020 census. And Apple picks the Raleigh area for its East Coast campus.
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The global shortage of chips could hurt production of iPads and Macs, costing Apple $3 billion to $4 billion in revenue, in what is the latest example of a company being hit by supply constraints.
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Earlier this week, Apple announced it will built its first East Coast campus in the Research Triangle area. It's supposed to bring at least 3,000 jobs with an average salary of $187,000. Are there downsides to the move? The Charlotte Ledger Business Newsletter's Tony Mecia talks with WFAE "Morning Edition" co-host Marshall Terry about that and more in this week's BizWorthy.