The U.S. Department of Justice (DOJ), alongside 15 states, has initiated a significant antitrust lawsuit against Apple, accusing the tech giant of monopolistic practices within the smartphone market. This legal action, as stated by Attorney General Merrick Garland, has led to a dramatic $113 billion decrease in Apple's market value, with shares dropping over 4%. The lawsuit targets various aspects of Apple's business operations, including allegations of making competing products less effective, the lack of a super app akin to WeChat, and anticompetitive practices related to its CarPlay service. Following the DOJ's lead, consumers have launched a series of class-action lawsuits against Apple, claiming the company has inflated the cost of its products through anticompetitive conduct. These lawsuits have been filed in multiple states, including California and New Jersey. The case has sparked a wide-ranging debate on the role of regulation in fostering innovation and competition within the tech industry.