It looks like the trouble for Apple is never-ending.
In the latest blow, the US Justice Department, along with more than a dozen states, announced a sweeping antitrust lawsuit against the company, accusing the tech giant of engineering an illegal monopoly in smartphones that boxes out competitors, stifles innovation, and keeps prices artificially high.
The lawsuit, which has been filed in federal court in New Jersey, takes aim at how Apple allegedly moulds its technology and business relationships to “extract more money from consumers, developers, content creators, artists, publishers, small businesses, and merchants, among others,” according to The Associated Press.
Apple has called the suit “wrong on the facts and the law,” adding it “will vigorously defend against it.”
The lawsuit — filed with 16 state attorneys general — is just the latest example of aggressive antitrust enforcement by an administration that has also taken on Google, Amazon and other tech giants with the stated aim of making the digital universe more fair, innovative, and competitive.
The development also comes at a time when European Union regulators have opened investigations into Apple, Google, and Meta to stop big tech giants from cornering digital markets.
Let’s take a closer look.
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