The U.S. sues Apple, saying it abuses its power to monopolize the smartphone market

  • 📰 KPBSnews
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 63%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

The federal government accuses Apple of using its monopoly power to stomp out competitors and keep customers from switching phones.

Apple, one of the world's richest companies, is now under fire from the U.S. government. The Department of Justice and 16 states filed a lawsuit against the Silicon Valley giant on Thursday, accusing the company of abusing its power as a monopoly to edge out rivals and ensure customers keep using its products.

Apple is worth nearly $3 trillion, making it one of the highest valued companies in the world. And its iPhone is one of the most popular phones on earth, dominating the global market, according to"Consumers should not have to pay higher prices because companies violate the antitrust laws," said Attorney General Merrick B. Garland."If left unchallenged, Apple will only continue to strengthen its smartphone monopoly.

Because of these restrictions, the Justice Departments says Apple has been able to block innovation in super apps with a broad functionality and has ensured its iMessage system keeps people from using cross-platform messaging apps.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 240. in BUSİNESS

Business Business Latest News, Business Business Headlines