"DOJ Sues Apple for Monopoly, Shares Wobble"

1 min read
Source: Yahoo Finance
"DOJ Sues Apple for Monopoly, Shares Wobble"
Photo: Yahoo Finance
TL;DR Summary

Apple's shares fell after the US Justice Department filed an antitrust suit, accusing the company of stifling competition. The suit adds risk to Apple's services business, which has been a key growth driver, and comes amid concerns about weak sales in China and a lack of new growth catalysts. Despite a rock-solid balance sheet, the stock's recent underperformance and high valuation have raised concerns among investors.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

3 min

vs 4 min read

Condensed

89%

62666 words

Want the full story? Read the original article

Read on Yahoo Finance