Apple challenges antitrust lawsuit alleging smartphone market monopoly

From Nasdaq: 2024-08-01 15:11:00

Apple is challenging an antitrust lawsuit alleging monopolistic practices in the smartphone market. The lawsuit, filed by the Justice Department and states, accuses Apple of restricting developer access and hindering competition. Apple defends its practices as essential for innovation and quality products, arguing against court interference in technical markets.

The lawsuit against Apple is part of a broader crackdown on Big Tech companies like Meta Platforms, Amazon, and Google. Apple maintains its practices don’t harm competition, allowing consumers to choose alternatives. U.S. District Judge Julien Neals will determine the case’s outcome later this year, setting a potentially influential precedent for the tech industry.



Read more at Nasdaq: Big Tech Faces Scrutiny as Apple Defends Monopoly Allegations