Apple Inc. facing antitrust scrutiny in US and Europe

SOURCE finance.yahoo.com
Regulators in the US and Europe are scrutinizing Apple Inc. for antitrust violations, which has led to a significant drop in market value. The company is facing lawsuits and probes regarding its market dominance and practices.

Key Points

  • Apple is accused of blocking rivals from accessing hardware and software features on its devices.
  • The US lawsuit alleges that Apple has suppressed competition in technologies like messaging apps, smartwatches, and digital wallets.
  • The Digital Markets Act in Europe allows for hefty penalties for companies that violate the rules.

Pros

  • Regulators are actively monitoring Apple's practices to ensure fair competition in the market.

Cons

  • Apple's market value has decreased significantly due to the regulatory scrutiny.
  • The company is facing lawsuits and probes in both the US and Europe.