Video Game Stocks Get a One-Up From Apple-Epic Ruling
- Verdict would let apps direct players to cheaper payment tools
- Zynga surges 9%; Activision and EA climb more than 2%
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Shares of the major video game companies jumped Friday after a judge ruled that Apple Inc. must give apps the option of directing customers to alternative payment methods.
The verdict would allow game makers to bypass Apple’s 30% fee and use cheaper payment processors, which should boost profit margins. Epic Games Inc., the privately held maker of Fortnite, filed the lawsuit against Apple, and the iPhone maker countersued.