Reported 5 months ago
Apple is seeking to have a U.S. antitrust lawsuit, filed by the Justice Department and 15 states in March alleging the company monopolized the smartphone market, dismissed. Apple argues that it faces strong competition from established rivals, and the complaint fails to prove the ability to charge supra-competitive prices or restrict output. The lawsuit accuses Apple of using its market power to extract more money from various entities, but Apple refutes these claims, stating that consumers have the choice to switch to competitor platforms if unhappy with Apple's limitations.
Source: YAHOO