Wednesday, July 24, 2024

Biden Administration Sued Apple Over iPhone Market Monopoly

The United States Department of Justice, joined by 16 state and district attorneys general, has filed a lawsuit against Apple, accusing the tech giant of monopolizing the smartphone market to the detriment of consumers.

The lawsuit, filed in a New Jersey district court, alleges that Apple’s practices restrict competition, drive up costs for consumers, and stifle innovation by preventing developers from releasing products on alternative smartphone platforms.

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Key allegations in the lawsuit include Apple’s suppression of “super apps,” blocking cloud-streaming gaming apps, and limiting cross-platform messaging apps, among others.

Attorney General Merrick Garland underscored the importance of enforcing antitrust laws to safeguard consumers from higher prices and limited choices, stating, “Consumers should not have to pay higher prices because companies violate the antitrust laws.”

Apple has denied the allegations, asserting that the lawsuit threatens its principles and ability to innovate in fiercely competitive markets. The company vows to vigorously defend against the lawsuit.

This legal action against Apple is part of President Joe Biden’s broader antitrust crackdown on Big Tech companies, signaling a renewed focus on promoting competition and fair practices in the digital marketplace.

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Aarav Joshi
Aarav Joshi
Aarav Joshi is a seasoned content writer with a passion for covering worldly and international news stories. His journey in journalism began as a reporter for the BBC, where he honed his skills in researching and crafting compelling narratives. He has also contributed articles to 'The Times of India,' one of India's leading newspapers, delving into diverse topics ranging from politics and economics to culture and human interest stories.

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