U.S. Sues Apple Over Alleged Anticompetitive Behavior in Smartphone Market
Thursday, 21 March 2024, 21:21
Apple sued by U.S. over 'smartphone monopoly'
U.S. Attorney General Merrick Garland announced a landmark lawsuit against Apple, accusing the iPhone maker of violating federal antitrust law by monopolizing the smartphone market.
Key Points:
- Monopoly Accusations: Apple has consolidated its monopoly power by disadvantaging smaller rivals and manipulating messaging app functionalities on its phones.
- Anticompetitive Practices: The lawsuit alleges Apple charges business partners in ways that result in higher prices for consumers, driving up Apple's profits.
- Innovation and Market Impact: The aim of the lawsuit is to foster competition, reduce prices, and preserve innovation in the smartphone market.
If left unchallenged, Apple will continue to strengthen its smartphone monopoly. But legal actions aim to address anticompetitive behavior and promote a more competitive market environment.
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.