Apple sued by Biden administration in a landmark antitrust lawsuit

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The US Justice Department will file a blockbuster antitrust lawsuit against Apple on Thursday, according to three people familiar with the matter.

The case represents the Biden administration's latest effort to hold a Big Tech giant accountable under US antitrust law.

The company also gives its own products the ability to access certain parts of its hardware that it restricts other companies from using. That unleashes an almost magical experience for how iPhones interact with AirTags when competitors' products are far more limited in their capabilities. But the Justice Department's landmark suit is expected to challenge a broad range of Apple's practices.

The legal action could weigh on Apple's stock price that currently values the company at just under $3 trillion and could force changes to policies, business strategies, products and applications by the tech giant. Even divestment of some assets is not out of the question for Apple, the tech company founded by Steve Jobs in the 1970s.

"It lasted for a total of three days before Apple started to take swings at us," Migicovsky said. "Technologically, they worked very hard to take actions to penalize Beeper Mini users by knocking the connection offline or by making it progressively more unreliable."Beginning in 2020, Apple fought a highly public court battle against Epic Games, maker of the video game "Fortnite.

In a seismic move to comply with the EU's Digital Markets Act , Apple said for the first time it would allow users in the trading bloc to download apps from third-party app stores.

 

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