The Apple logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, US, Oct 16, 2019. WASHINGTON: The US Department of Justice and 15 states on Thursday filed a landmark lawsuit against Apple, alleging it used the powerful demand for its iPhone and other products to drive up prices for its services and hurt smaller rivals, the latest move in a
"Consumers should not have to pay higher prices because companies violate the antitrust laws," Attorney General Merrick Garland said in a statement.Dating back to its time as a marginal player in the personal computer market, Apple's business model has long been based on charging users a premium for technology products where Apple dictates nearly all of the details of how the device works and can be used.
Apple disagreed in a statement, saying:"This lawsuit threatens who we are and the principles that set Apple products apart in fiercely competitive markets. If successful, it would hinder our ability to create the kind of technology people expect from Apple - where hardware, software, and services intersect".
During a press briefing, US Attorney General Merrick Garland said the Justice Department believes it can win. "Our complaint explains that, in many instances, Apple's conduct has made its ecosystem less private and less secure," Kanter said.
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Washington Supreme Court rules Bar Exam no longer required, X users blaming “Woke madness”Latest Breaking News
Source: IndependentSG - 🏆 9. / 63 Read more »