US Department of Justice Sues Apple Over Smartphone Monopoly
Published: 21 March 2024 at 16:26
Business
The US Department of Justice is suing Apple for allegedly maintaining an illegal monopoly in the smartphone market, with accusations of making products worse to block competitors. Attorney General Merrick Garland described Apple\'s behavior as exclusionary and anticompetitive, threatening free markets. The lawsuit cites examples of Apple suppressing technologies like super apps and digital wallets to stifle competition. Apple\'s share of the US smartphone market is over 65%, and its net income exceeds the GDP of over 100 countries.
SOURCES
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