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US files historic lawsuit against Apple over iPhone monopoly

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<p>As the government tightens down on Big Tech, the U.S. Department of Justice and fifteen states sued Apple on Thursday. They said the iPhone manufacturer monopolized the smartphone industry, damaged smaller competitors, and raised costs.</p>
<p><img decoding=”async” class=”alignnone wp-image-538147″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-us-files-historic-lawsuit-against-apple-over-iphone-monopoly-2024-3largeimg-719931.jpg” alt=”theindiaprint.com us files historic lawsuit against apple over iphone monopoly 2024 3largeimg 719931″ width=”994″ height=”664″ title=”US files historic lawsuit against Apple over iPhone monopoly 6″></p>
<p>Apple has joined rivals that have been sued by authorities, such as Amazon.com, Google, and Meta Platforms, all of which were during the administrations of former President Donald Trump and former President Joe Biden.</p>
<p>Lawyer General Merrick Garland stated in a statement, “Consumers should not have to pay higher prices because companies violate the antitrust laws.” “Apple will only maintain its monopoly on smartphones if it is not challenged.” According to the Justice Department, Apple outperforms all other companies in the sector in terms of earnings, charging up to $1,599 for an iPhone. Additionally, officials said that Apple levies hidden fees on a range of business partners, including credit card firms, software developers, and even competitors like Google, which ultimately raises consumer costs and boosts Apple’s earnings.– News reports</p>


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