The U.S. Justice Department, supported by 15 states and Washington D.C., has filed an antitrust lawsuit against Apple, accusing the tech giant of monopolizing the high-end smartphone market. This legal action, highlighted in the Above Avalon Daily email and discussed by legal experts including Professor Eleanor Fox, follows consultations with the European Commission, underscoring international concerns about Apple's market practices. Apple plans to seek a dismissal of the U.S. antitrust complaint, arguing that the proceedings threaten the company and its operations. The DOJ contends that Apple is monopolizing parts of the tech market, sparking a debate over whether Apple's dominance is due to monopolistic behavior or consumer preference. The case, involving the stock symbol $AAPL, has been described as a complex 'chicken-and-egg' problem.
The US and EU argue that Apple is abusing its power to crush competition and blight users’ experience. The iPhone maker says the proceedings threaten the company Read more 👉 https://t.co/9Tog6gO4Fl https://t.co/KLyaZB0SxK
DOJ and State AGs Attempt to Take a Bite Out of Apple https://t.co/CZxnO5eaxx
DOJ and State AGs Attempt to Take a Bite Out of Apple https://t.co/dZV3xUXePr | by @cozen_oconnor