An Antitrust Suit against Apple has been Prepared
The Department of Justice has been preparing a preliminary draft of its antitrust lawsuit against Apple though it had definitively determined to follow through with the suit. Well, the Politician has reported on Friday that setting the stage for an epic legal battle for the world’s largest company was long accused of stifling competition.
HIGHLIGHTS
- Setting the stage for an epic legal battle was long accused of stifling competition
- Since 2019, the Justice Department’s antitrust division was investigating Apple
- Apple has long standing policy of taking a 30 percent cut on most purchases
Since 2019, the Justice Department’s antitrust division was found to be investigating Apple, and as per the information that was reported last October the probability of the probe was resulting in a lawsuit was rising. Apple would be a part of fellow technology giants Alphabet and Meta in facing federal antitrust suits, as Alphabet’s Google and Meta’s Facebook were sued by the Justice Department and Federal Trade Commission, severally, in 2020 for alleged monopolistic practices. Critics have denounced Apple’s long standing policy of taking a 30 percent cut on most purchases which was made on the App Store, though Apple had altered the policy last August amid a high-profile antitrust lawsuit against the company by Epic Games. Well, according to the October 2020 investigation by the House antitrust subcommittee had found that Apple has “monopoly power” over the smartphone app market.
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