The Iran Project
: US technology giant Apple is being sued by the US government for allegedly building an anti-competitive “moat” around its monopolistic iPhone ecosystem.
Friday 22 March 2024 - 20:38
Story Code : 418121
Source : RT
US government sues Apple
Washington’s Department of Justice has accused the tech giant of monopolistic practices in its iPhone business
“Consumers should not have to pay higher prices because companies violate the antitrust laws,” US Attorney General Merrick Garland said in a statement. “We allege that Apple has maintained monopoly power in the smartphone market, not simply by staying ahead of the competition on the merits, but by violating federal antitrust law. If left unchallenged, Apple will only continue to strengthen its smartphone monopoly.”
Reporter : Editorial of The Iran Project
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