US files lawsuit against Apple, says company monopolising smartphone market

  • 📰 thecableng
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 80%

Business News News

Business Business Latest News,Business Business Headlines

Nigeria's independent online newspaper

The United States has filed a lawsuit against Apple accusing the company of monopolising the smartphone market and crushing competition.

The complaint, filed in the US district court, New Jersey, accused the company of squashing the growth of new apps and reducing the appeal of rival products. The complaint lists a number of “anti-competitive” steps allegedly taken by Apple, including blocking apps with broad functionality, suppressing mobile cloud streaming services, limiting third-party digital wallets and “diminishing the functionality” of smartwatches not made by the company.

“We allege that Apple has maintained monopoly power in the smartphone market, not simply by staying ahead of the competition on the merits, but by violating federal antitrust law,” he said.“The Justice Department will vigorously enforce antitrust laws that protect consumers from higher prices and fewer choices.“That is the Justice Department’s legal obligation and what the American people expect and deserve.

 

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:

 /  🏆 2. in BUSİNESS

Business Business Latest News, Business Business Headlines