Apple Stock Drops 4% Amid US Monopoly Lawsuit Fallout
Monday, 25 March 2024, 12:33
Apple Faces Stock Decline Post Monopoly Lawsuit
Apple witnessed a 4% drop in stock value after the US Justice Department accused the company of monopolistic practices in the mobile phone market.
Implications of Lawsuit
- Stock Impact: The allegations led to a significant decline in Apple's market value.
- Legal Troubles: The US lawsuit signals potential legal challenges for the tech giant.
For Apple, the accusations of an illegal monopoly may have long-lasting repercussions in both its market performance and reputation.
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