Business Desk 21 Mar , 2024 03:33 PM GMT
Apple's dominance in the US smartphone market exceeds 65%.
Concerns raised about Apple's pricing strategies, charging nearly $1,600 for an iPhone.
Allegations of Apple violating federal antitrust laws by creating barriers for users and developers.
Apple's new iPhone 15 officially goes on sale across China
Attorney General Merrick Garland recently made a significant announcement regarding a blockbuster antitrust lawsuit against tech giant Apple. Garland highlighted that Apple's dominance in the US smartphone market, with a share exceeding 65%, has raised concerns about the company's pricing strategies. He pointed out that Apple charges as much as nearly $1,600 for an iPhone, indicating potential monopolistic behavior.
Garland emphasized that Apple's market position was not solely achieved through fair competition but by allegedly violating federal antitrust laws. He criticized the company for creating barriers that restrict users and developers from exploring alternatives outside the Apple ecosystem. These barriers, according to Garland, make it challenging and costly for individuals to break away from Apple's products and services.
The Attorney General expressed his belief that consumers should not bear the burden of higher prices due to companies engaging in unlawful practices. He suggested that Apple's actions have led to a lack of competitive options in the smartphone market, ultimately limiting choices for consumers.
The lawsuit filed against Apple underscores the US government's commitment to enforcing antitrust laws and promoting fair competition in the tech industry. Garland's statements shed light on the potential consequences of monopolistic behavior and the importance of holding companies accountable for their actions.
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