"DOJ's Landmark Antitrust Suit Accuses Apple of Monopolistic Practices"

1 min read
Source: CBS News
"DOJ's Landmark Antitrust Suit Accuses Apple of Monopolistic Practices"
Photo: CBS News
TL;DR Summary

The U.S. Department of Justice has filed a landmark antitrust lawsuit against Apple, accusing the tech giant of engaging in anti-competitive behavior to maintain its smartphone monopoly and maximize profits at the expense of consumers. The lawsuit alleges that Apple used its app development rules, iPhone features, and hardware to stifle competition and charge higher prices, violating federal antitrust law. The government is seeking to stop Apple's alleged anti-competitive activity and restore competitive conditions in affected markets, while Apple has vowed to vigorously defend against the lawsuit.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

4 min

vs 4 min read

Condensed

89%

79587 words

Want the full story? Read the original article

Read on CBS News