US sues Apple over "smartphone monopoly" in antitrust lawsuit

The U.S. Department of Justice and 15 U.S. states on Thursday sued Apple alleging it monopolized smartphone markets in the first major antitrust effort against the iPhone maker by the Biden administration.

Apple joins a list of major tech companies sued by U.S. regulators, including Alphabet’s Google, Meta Platforms and Amazon.com across the administrations of both former President Donald Trump and President Joe Biden.

“Consumers should not have to pay higher prices because companies violate the antitrust laws,” Attorney General Merrick Garland said in a statement. “If left unchallenged, Apple will only continue to strengthen its smartphone monopoly.”

The Justice Department, which was also joined by the District of Columbia in the lawsuit, alleges that Apple uses its market power to get more money from consumers, developers, content creators, artists, publishers, small businesses and merchants.

Global's Kyle Benning has the details.

For more info, please go to https://globalnews.ca/news/10375038/apple-doj-antitrust-lawsuit-smartphone-monopoly/

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