(CercleFinance.com) – The US Department of Justice announced Thursday that it had decided to initiate proceedings against Apple, which it accuses of occupying a monopoly position in the smartphone market.
In a press release, the DoJ indicates that its civil complaint, supported by 16 attorneys general, concerns the widespread exclusion strategy implemented by Apple.
The administration says this approach makes it harder for Americans to switch devices, undermines innovation in apps, products and services, and imposes extraordinary costs on developers, businesses and consumers. consumers.
“Consumers should not have to pay higher prices because companies violate competition laws,” Justice Secretary Merrick B. Garland said.
“We believe that Apple benefits from monopoly power in the smartphone market, not by having a substantive head start over the competition, but by violating federal antitrust laws,” he said. he adds.
‘If things remain as they are, Apple will be able to continue to consolidate its monopoly position,’ he concludes.
Following this information, Apple shares fell 3.5% on Thursday on the New York Stock Exchange, suffering the biggest drop in the Dow Jones index, with investors fearing a long procedure.
‘The DoJ’s case is essentially based on the fact that Apple unfairly penalizes its rivals by preventing other technological players from having access to the hardware and software features of the iPhone, its flagship product,’ summarizes Dan Ives, analyst. at Wedbush.
‘This does not see any immediate change to the company’s business model, but it does mean that Apple will have to find a way to settle this dispute amicably, pay a heavy fine and fine of find a compromise with developers regarding the App Store,’ he warns.
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