Apples

Justice Department Takes on Apple’s Alleged Smartphone Monopoly, Pushes for Fair Competition

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WASHINGTON (AP) — The Justice Department’s antitrust lawsuit against Apple is shaping up to be a major battle reminiscent of the government’s 1990s case against Microsoft. However, the complaint filed by the Justice Department last week appears to lack the impact and force of that earlier blockbuster case. Last week, the Justice Department and attorneys general from 16 states accused Apple of illegally monopolizing the smartphone market and using its power to lock consumers into its products for higher profits. But the key question isn’t just about Apple’s financial success, it’s about whether the company … Read more

Apple’s Future Uncertain Amidst Impending Antitrust Lawsuit and Investor Concerns

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WASHINGTON (AP) — Apple Inc. is facing an impending antitrust lawsuit from the Justice Department, which could be filed as soon as March. While some investors are concerned about the potential impact on the company’s fortunes, many experts are looking beyond the lawsuit and focusing on broader economic factors. The upcoming lawsuit centers around software and hardware limitations on iPhones and iPads that allegedly hinder competition from other services. Experts suggest that Apple’s stock price could potentially take a hit, particularly due to government scrutiny of its iMessage service. Issues with iMessage have been raised, … Read more