Tuesday, May 21, 2024
HomeTechnologyYears will Pass while Apple Deals with the DOJ's Antitrust Lawsuit

Years will Pass while Apple Deals with the DOJ’s Antitrust Lawsuit

Beginning a multiyear legal battle involving hundreds of attorneys and endangering Apple’s “walled garden” business model, the U.S. Department of Justice filed a lawsuit against the company on Thursday, alleging it had used the iPhone’s market dominance to cut off competitors.

Apple may suffer “structural remedies” or maybe be broken up if the DOJ prevails and seeks a variety of adjustments to the company’s operations. U.S. officials did not rule out this possibility.

Apple could have additional weapons to fend off future regulation if a court decides that its estimated 64% market dominance in smartphones in the United States does not constitute a monopoly or that its actions were lawful.

But before any of that occurs, there will probably be years of legal wrangling during which Apple will have to produce internal documents for the government, defend its business in public, divert its executives with legal meetings, and possibly deal with negative press that could damage its reputation.

Source (CNBC)

SourceCNBC
- Advertisment -

Most Popular

Recent Comments