US Sues Apple Over Smartphone Monopoly
The US Department of Justice and 15 states filed a lawsuit against Apple for monopolizing the smartphone market, stifling competition, and inflating prices. The lawsuit cites Apple's pricing (up to $1,599 for iPhone) and practices like impeding rival messaging apps and smartwatches. Apple shares fell 4.1%. Apple denies allegations, saying the lawsuit threatens innovation. The White House supports robust antitrust enforcement.
The US Department of Justice and 15 states filed a lawsuit against Apple for monopolizing the smartphone market, stifling competition, and inflating prices. The lawsuit cites Apple's pricing (up to $1,599 for iPhone) and practices like impeding rival messaging apps and smartwatches. Apple shares fell 4.1%. Apple denies allegations, saying the lawsuit threatens innovation. The White House supports robust antitrust enforcement.
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The US Department of Justice and 15 states filed a lawsuit against Apple for monopolizing the smartphone market, stifling competition, and inflating prices. The lawsuit cites Apple's pricing (up to $1,599 for iPhone) and practices like impeding rival messaging apps and smartwatches. Apple shares fell 4.1%. Apple denies allegations, saying the lawsuit threatens innovation. The White House supports robust antitrust enforcement.
This story involves 1 source and may affect public understanding of antitrust / lawsuit.
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