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Apple asks judge to dismiss DOJ’s antitrust lawsuit

Summary by Ground News
Apple is asking a federal judge to dismiss an antitrust lawsuit brought by the Department of Justice (DOJ) and 16 state attorneys general against the iPhone maker, which they allege maintains an illegal monopoly over the smartphone market.

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The lawsuit alleges that Apple used its power over the distribution of apps on the iPhone to prevent innovations that would have facilitated the exchange of phones by consumers. Apple stated that the US government's antitrust lawsuit, which consists of defending practices that harm fair competition in the market and accusing it of monopolizing the smartphone market, “has no relation to reality” and must be dismissed by a federal judge. In a cour…

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Market Screener broke the news in on Thursday, August 1, 2024.
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