APPLE FACES ANTITRUST SUIT

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APPLE FACES ANTITRUST SUIT – Apple allegedly monopolised the smartphone market, hurt smaller rivals and drove up prices

The U.S. Department of Justice and 15 states sued Apple as the government cracks down on Big Tech, alleging the iPhone maker monopolised the smartphone market, hurt smaller rivals and drove up prices.

Apple joins competitors sued by regulators, including Alphabet’s Google, Meta Platforms and Amazon.com across the administrations of both former President Donald Trump and President Joe Biden.

The Justice Department said that Apple charges as much as $1,599 for an iPhone and makes larger profits than any others in the industry. Officials also said that Apple charges various business partners – from software developers to credit card companies and even its rivals such as Google – behind the scenes in ways that ultimately raise prices for consumers and drive up Apple’s profits.

In Berkeley, California, most smartphone users on campus of University of California Berkeley, agreed that prices had gone up beyond the means of most Americans but conceded people will pay the price for what many consider an essential tool to everyday lives.

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