Shares of Apple were gaining 0.1% to $108.35 following the ruling.
The jury said the fall 2006 software release was a "genuine product improvement," and that the new features added were good for consumers, according to The Verge. The plaintiffs in the case argued that security measures introduced in iTunes 7.0 limited competition and made iPods less useful by making it harder to use by restricting the music player to music purchased through iTunes.
Apple did not violate any antitrust laws, according to the verdict.
"We thank the jury for their service and we applaud their verdict," Apple said in a statement. "We created iPod and iTunes to give our customers the world's best way to listen to music. Every time we've updated those products - and every Apple product over the years - we've done it to make the user experience even better."
TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:
"We rate APPLE INC (AAPL) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, revenue growth, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."