California's Attorney General Rob Bonta speaks during a news conference announcing an antitrust case against Apple on March 21.- Regulators on both sides of the Atlantic are training their eyes on Apple, unnerving investors with fears over fines and threatening its market dominance.
It’s not the first time Apple is coming under regulatory scrutiny. The company and its peers have for years faced accusations of enriching themselves by suppressing competitors. But as Apple’s products have grown ever-more popular and established themselves as part of daily life around the world, authorities have also become more combative and wary of its power.in New Jersey federal court, accuses Apple of blocking rivals from accessing hardware and software features on its popular devices.
The US lawsuit alleges that Apple has used its power over app distribution on the iPhone to thwart innovations that would have made it easier for consumers to switch phones. The company has refused to support cross-platform messaging apps, limited third-party digital wallets and non-Apple smartwatches, and blocked mobile cloud streaming services, according to the US Justice Department.