Apple Faces Antitrust Lawsuit Over Alleged Monopolization of Smartphone Markets in the US

Thursday, 21 March 2024, 14:40
The U.S. Department of Justice and 15 states filed an antitrust lawsuit against Apple, claiming the tech giant leveraged the demand for its iPhone to raise service prices and stifle competition. This legal action signals a significant antitrust challenge for Apple, as authorities target its market dominance and pricing practices.

Antitrust Lawsuit against Apple

The U.S. Department of Justice and 15 states have taken legal action against Apple, accusing the company of monopolizing the smartphone markets through anti-competitive practices.

Allegations and Impact

  • Price Manipulation: Apple is alleged to have used its market power to increase service prices.
  • Competition Suppression: Smaller rivals were reportedly harmed by Apple's tactics.

This lawsuit marks a critical moment as Apple faces scrutiny over its market behavior and pricing strategies.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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