Apple Faces Modest Earnings Hit After Court Ruling But Analyst Expects Match, Bumble, Spotify Set To Gain

Apple Inc‘s AAPL latest legal setback is a headwind, but one analyst says the impact on the iPhone maker’s stock price is materially lower than investors feared. What Happened: JPMorgan analyst Samik Chatterjee has an Overweight rating on Apple, according to a Thursday research note.The note comes one day after the U.S. Court of Appeals for the Ninth Circuit denied Apple’s emergency application to halt changes to its App Store that resulted from a legal spat with Epic Games.Judge Gonzalez enforced Apple to ...