Apple removed Telegram from App Store again. Precedent exists—prior removals linked to content moderation disputes. For $AAPL: minimal revenue impact (Telegram is free), but regulatory/PR risk if pattern suggests inconsistent enforcement. For messaging sector: highlights App Store gatekeeping power and developer platform risk. Telegram's web version remains accessible, limiting user churn. Watch for EU Digital Markets Act implications—repeated delistings could trigger antitrust scrutiny. No immediate portfolio action unless this escalates into broader App Store policy conflict.