US Justice Department Sues Apple in Antitrust Case Over iPhone [View all]
Last edited Thu Mar 21, 2024, 10:39 AM - Edit history (2)
Source: Bloomberg
March 21, 2024 at 10:31 AM EDT
The US Justice Department and 16 attorneys general sued Apple Inc. Thursday, accusing the iPhone maker of violating antitrust laws by blocking rivals from accessing hardware and software features on its popular devices.
The suit, filed in New Jersey federal court, marks the culmination of a five-year probe into the world’s second-most-valuable technology company. The Biden administration has made competition a cornerstone of its economic policy, with Silicon Valley becoming a key focus.
The lawsuit alleges that Apple has used its power over app distribution on the iPhone to thwart innovations that would have made it easier for consumers to switch phones. The company has refused to support cross-platform messaging apps, limited third-party digital wallets and non-Apple smartwatches and blocked mobile cloud streaming services.
Apple recently added support for cloud-based gaming services and said it would add RCS cross-platform messaging later this year. The group of attorneys general includes those of California, New Jersey and Washington, DC.
Read more: https://www.bloomberg.com/news/articles/2024-03-21/us-justice-department-sues-apple-in-antitrust-case-over-iphone
Article updated.
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March 20, 2024 at 5:22 PM EDT
Updated on March 21, 2024 at 9:35 AM EDT
The US Justice Department is preparing to announce an antitrust lawsuit against Apple Inc. Thursday, according to two people familiar with the matter. The suit is expected to be filed in federal court in New Jersey, said one of the people, both of whom asked not to be named discussing a confidential matter.
Apple shares fell more than 1% to $176.72 at 9:34 a.m. in New York on Thursday. They had been down 7.2% this year through Wednesday's close.
The move escalates the Biden administration's antitrust fights against most of the biggest US technology giants. The Justice Department is already suing Alphabet Inc.'s Google for monopolization, while the Federal Trade Commission is pursuing antitrust cases against Meta Platforms Inc. and Amazon.com Inc.
The US is accusing Apple, the world's second-most-valuable tech company, of violating antitrust laws by blocking rivals from accessing hardware and software features of its iPhone, among other breaches. Apple and the Justice Department didn't respond to requests for comment.
https://www.bloomberg.com/news/articles/2024-03-20/doj-to-sue-apple-for-antitrust-violations-as-soon-as-thursday
Original article -
Updated on March 20, 2024 at 5:42 PM EDT
The Justice Department is poised to sue Apple Inc. as soon as Thursday, accusing the world's second most valuable tech company of violating antitrust laws by blocking rivals from accessing hardware and software features of its iPhone.
The suit, which is expected to be filed in federal court, according to people familiar with the matter, escalates the Biden administration's antitrust fights against most of the biggest US technology giants. The Justice Department is already suing Alphabet Inc.'s Google for monopolization, while the Federal Trade Commission is pursuing antitrust cases against Meta Platforms Inc. and Amazon.com Inc.
Apple and the Justice Department didn't immediately respond to requests for comment. The people familiar asked not to be named discussing a confidential matter. Apple shares fell as much as 1.4% to $176.10 in late trading on the news. They had been down 7.2% this year through Wednesday's close.
The coming case will mark the third time that the Justice Department has sued Apple for antitrust violations in the past 14 years, but it is the first case accusing the iPhone maker of illegally maintaining its dominant position.
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