Connect with us

Hi, what are you looking for?

Financial Source ReportFinancial Source Report

Tech News

Apple fights to keep DOJ antitrust suit from reaching trial

Photo illustration of Tim Cook in front of gavels.
Illustration by Cath Virginia / The Verge | Photo by Bloomberg, Getty Images

Apple urged a federal judge to dismiss the Department of Justice’s antitrust case against it, saying the government’s complaint includes speculative arguments and the government doesn’t plausibly argue it has monopoly power.

“The court is allowed to use common sense,” countered DOJ counsel Jonathan Lasken at a hearing in New Jersey on Wednesday. “We’re here today based on the idea that it’s not plausible that [Apple] has monopoly power, but instead is at the mercy of supposed global behemoths who are a fraction of its size.”

The government and more than a dozen states sued Apple earlier this year for maintaining an illegal monopoly in the smartphone market, ultimately driving up prices and locking consumers into its ecosystem. It pointed…

Continue reading…

You May Also Like

Editor's Pick

In this StockCharts TV video, Mary Ellen reviews the broad-based rally that pushed the Equal-Weighted SPX to new highs. She also shared base breakouts and...

Tech News

Illustration by Alex Castro / The Verge The young streamer behind a viral meme coin called Quant was doxxed by the crypto community after...

Editor's Pick

Clark Packard In anticipation of the Thanksgiving holiday this week, the Cato Institute published a new essay from Philip G. Hoxie entitled “Globalization Helps...

Editor's Pick

Eric Gomez and Benjamin Faber In October 2024, Congress received notification of two new arms sales for Taiwan, and the Ministry of National Defense...

Copyright © 2023 FinancialSourceReport.com All Rights Reserved.