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0.00013140604467806 0 -4.38020148927697E-05 -0.000306614104248766 0.00183968462549272 0.00122645641699519 0.000941743320192744 -0.00026281208935612
Stock impact report

Apple fights to keep DOJ antitrust suit from reaching trial [Verge, The]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: Verge, The
Share this story 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 to five examples of its alleged anticompetitive conduct, including degrading message quality between iPhones and Android phones and limiting third-party smartwatch functionality with the iPhone. Apple has argued the case agai Show less Read more
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