Investing.com -- Apple Inc. and the US Justice Department are in early discussions to settle a 2024 antitrust lawsuit, Bloomberg reported Friday.
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Apple and the U.S. Department of Justice are in early discussions about settling a 2024 lawsuit that alleges the iPhone maker violated antitrust laws, Bloomberg News reported on Friday. Reuters could not immediately verify the report. (Reporting by Jaspreet Singh in Bengaluru)
(Bloomberg) -- Apple Inc. and the US Justice Department are in early discussions about settling a 2024 lawsuit that alleges the iPhone maker violated antitrust laws. Most Read from BloombergFCC Near Rulings Against Disney Over ‘The View,’ TV LicensesChip Stocks Poised for Bear Market in AI Unwind: Markets WrapGoogle Gemini Launch Delayed as Tech Falls Short of Internal GoalsChina’s Moonshot Unveils AI Model That Narrows Gap With US FirmsThailand Scraps Plan to End Visa-Free Entry for Indian Tour
Apple has agreed to submit the financials of its India business to the country's antitrust body as part of an investigation that found the U.S. firm abused its market position, taking the long-delayed case a step closer to a potential penalty decision, an agency order shows. The case is Apple's most high-profile regulatory headache in India, a key growth market where it has rapidly expanded iPhone production as it diversifies beyond China. A confidential Competition Commission of India (CCI) order, reviewed by Reuters, showed Apple last month agreed to supply its India financials - typically needed by the watchdog for penalty calculations.
NEW DELHI, May 18 (Reuters) - An Indian court has told Apple to "fully cooperate" with investigators in an antitrust case related to the iPhone apps market, not agreeing with the U.S. company's
Apple (AAPL) has backed Alphabet's (GOOG, GOOGL) concerns on risks to privacy, security and safety d