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US govt sues Apple over smartphone monopoly
Credit: IndiaTimes- Published on March 22, 2024
The US Department of Justice sued Apple on Thursday, accusing the tech giant of illegally maintaining a monopoly for its iPhone by stifling competition and imposing exorbitant costs on consumers. The lawsuit, also brought by multiple US states, said Apple raked in hundreds of billions of dollars by allegedly making it difficult...
Video credit: Wibbitz Top Stories
Published on March 21, 2024 - 01:30
DOJ Sues Apple for Monopolizing Smartphone Market
DOJ Sues Apple , for Monopolizing Smartphone Market.
The Justice Department and 16 state attorneys general filed suit against Apple on March 21 in New Jersey, 'The Hill' reports. .
The complaint alleges that
the tech company constructed a
"dominant iPhone platform and ecosystem," .
and "rather than respond to competitive
threats by offering lower smartphone prices to
consumers or better monetization for developers,".
Apple enforced a "series of shapeshifting rules and restrictions" in the App Store.
It has deployed this playbook across
many technologies, products, and
services, including super apps, text
messaging, smartwatches, and digital
wallets, among many others, Via complaint.
Todayโs lawsuit seeks to hold Apple
accountable and ensure it cannot
deploy the same, unlawful
playbook in other vital markets, Via complaint.
In its defense, Apple claimed that
the lawsuit "threatens who we are and
the principles that set Apple products
apart in fiercely competitive markets.".
If successful, [this lawsuit] would
hinder our ability to create the
kind of technology people expect
from Appleโwhere hardware,
software, and services intersect, Apple, via statement.
It would also set a dangerous
precedent, empowering
government to take a heavy hand
in designing peopleโs technology. , Apple, via statement.
We believe this lawsuit is wrong
on the facts and the law, and we
will vigorously defend against it, Apple, via statement
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