DOJ sues Apple over iPhone monopoly in landmark antitrust case

[Nevilledog]

https://www.cnbc.com/2024/03/21/doj-sues-apple-over-iphone-monopoly.html

The Department of Justice sued Apple on Thursday, saying its iPhone ecosystem is a monopoly that drove its “astronomical valuation” at the expense of consumers, developers and rival phone makers.

The government has not ruled out breaking up one of the largest companies in the world, with a Justice Department official saying on a briefing call that structural relief was on the table if the U.S. were to win.

The lawsuit claims Apple’s anti-competitive practices extend beyond the iPhone and Apple Watch businesses, citing Apple’s advertising, browser, FaceTime and news offerings.

“Each step in Apple’s course of conduct built and reinforced the moat around its smartphone monopoly,” according to the suit, filed by the DOJ and 16 attorneys general in New Jersey federal court.

*snip*

[MOMFUDSKI]

1. Last I looked their stock was down

4.17 percent

[bif]

3. Yep, it's getting slaughtered today

[Silent3]

2. Gee, someone actually still takes antitrust laws seriously?

I'm fond of my iPhone, but yes, this needs to be addressed.

Let's break up a few media companies too. And banks. And telcoms. And...

[Fiendish Thingy]

4. Yay?

I mean, I’m all for anti-trust actions, and this may be an important one, but Apple wasn’t at the top of my list.

I’d like to see some investigation and action involving Facebook, Xitter, Google, Comcast, Infinity, the cell phone carriers, pharma companies, and so many more.

[emulatorloo]

6. Yeah, tend to agree...honesty 'iPhone monopoly' sounds kinda like an oxymoron. There are lots of smartphones out there.

‘ I’d like to see some investigation and action involving Facebook, Xitter, Google, Comcast, Infinity, the cell phone carriers, pharma companies, and so many more.’