Apple is going on again?IntersectionThe U.S. Department of Justice intends to initiate a lawsuit!And Google Online Advertising Business ...

Author:Daily Economic News Time:2022.08.28

According to CCTV Finance quoted Dow Jones's news website Market Watch local time on the 26th, a person familiar with the matter revealed that by the end of this year, the US Department of Justice may initiate antitrust lawsuits against Apple. It is reported that the Ministry of Justice is expected to file an antitrust lawsuit on the online advertising business of Alphabet Inc. (letters).

It is reported that the US Department of Justice has been investigating Apple since 2019. The Ministry of Justice believes that Apple has abused its market forces and stifled small technology companies, including application developers and hardware manufacturers, thereby curbing competition.

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Photo source: Every reporter Zhang Jian

According to the person familiar with the matter, multiple prosecutors within the Ministry of Justice are collecting materials for possible lawsuits, which shows that a protracted survey came to a key node, and the lawsuit may soon come.

As of the close of the U.S. stock market on the 26th, Apple's stock price fell by about 3.8%.

According to the Financial Association, two years ago, the US federal regulatory agency filed an antitrust lawsuit against Google and Meta (formerly Facebook), which also deeply plagued several largest technology companies in the United States.

A survey on Apple is one of the latest efforts of the US Congress, the Ministry of Justice and the Federal Trade Commission (FTC), which aims to curb the wanton expansion of science and technology giants. FTC is also conducting antitrust investigations on Amazon, mainly involving its retail and cloud computing business.

The significance of possible Apple lawsuits is particularly significant because it will start the second large -scale battle between the Ministry of Justice and the technology giant. For the US Department of Justice, any case will be a difficult battle. Apple's market value is as high as 2.64 trillion US dollars, and it has almost endless resources to defend itself.

So far, most of the Ministry of Justice's attention is concentrated on Apple's app store. Application stores are the only way for users to download applications on iPhone and iPad.

However, according to people familiar with the matter, the lawsuit that the Ministry of Justice now considers is not only a high commission for the payment system controlled by Apple and the angry software developers. Prosecutors are still paying attention to whether Apple's control of its equipment has damaged its competitors.

It is worth noting that according to CCTV News previously reported, on July 19, local time, the Russian Federal Anti -Monopoly Agency determined that Apple's activities in the iOS application market violated the antitrust law. The Federal Anti -Monopoly Agency will determine a fine based on the company's turnover, and the amount may be equivalent to 1%to 15%of the company's total revenue in the Russian market.

Edit | Wang Yuelong Dubo

School pair | Sun Zhicheng

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Daily Economic News integrated from CCTV Finance and Economics, Finance News Agency, CCTV News

Daily Economic News

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