The Apple logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, US, Oct 16, 2019. WASHINGTON: The US Department of Justice and 15 states on Thursday sued Apple, alleging it used the powerful demand for its iPhone and other products to drive up prices for its services and hurt smaller rivals, the latest move in a
The 88-page lawsuit, filed in US federal court in Newark, New Jersey, said it was focused on “freeing smartphone markets from Apple’s anticompetitive and exclusionary conduct and restoring competition to lower smartphone prices for consumers, reducing fees for developers, and preserving innovation for the future”.
This lawsuit threatens who we are and the principles that set Apple products apart in fiercely competitive markets. "We bring cases because we believe the facts on what justify them, and because we believe that we are likely to win those cases," Garland said.
Source: Financial Digest (financialdigest.net)
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