Antitrust Lawsuit Against Apple Inc.
The Justice Department is poised to sue Apple Inc. for violating antitrust laws by blocking rivals from accessing iPhone hardware and software features. This marks the third antitrust case against Apple in 14 years, with the latest accusing the company of illegally maintaining its dominant position.
Key Points
- Justice Department set to sue Apple for antitrust violations
- Apple accused of blocking rivals from accessing iPhone features
- Escalation of Biden administration's antitrust fights against big tech companies
- Apple facing scrutiny in Europe over alleged anticompetitive behavior
Cons
- Apple accused of violating antitrust laws
- Potential negative impact on Apple's market position and stock price