Apple CEO says US scrutiny 'fair,' but rejects idea company is a monopoly

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WASHINGTON - Apple Inc Chief Executive Tim Cook denied that the company is a monopoly as the US government gears up for a potentially unprecedented probe into whether the iPhone maker and other techno

logy giants are misusing their massive market power.

"With size, I think scrutiny is fair. I think we should be scrutinized," he said. But, he added, "I don't think anybody reasonable is gonna come to the conclusion that Apple's a monopoly." Shares of Apple and other tech giants - Facebook Inc, Google owner Alphabet Inc and Amazon.com Inc - fell on Monday following news of the probe. Their shares were all up slightly in premarket trading on Tuesday.

 

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