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US sues Apple, alleging it illegally monopolized the smartphone market

US sues Apple, alleging it illegally monopolized the smartphone market

by AIP Online Bureau | Mar 21, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

The Justice Department said Apple charges as much as $1,599 for an iPhone and makes larger profits than any others in the industry. Officials also said that Apple charges various business partners — from software developers to credit card companies and even its rivals...
US sues Apple, alleging it illegally monopolized the smartphone market

Apple fined nearly USD 2 billion by the European Union over music streaming competition

by AIP Online Bureau | Mar 4, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management, Technology

Apple banned app developers from ”fully informing iOS users about alternative and cheaper music subscription services outside of the app”, said the European Commission, the 27-nation bloc’s executive arm and top antitrust enforcer The European Union...
US sues Apple, alleging it illegally monopolized the smartphone market

Apple starts paying iPhone users as part of $500 mn ‘Batterygate’ settlement

by AIP Online Bureau | Jan 7, 2024 | International News, Risk Management, Technology

Apple in 2020 agreed to pay up to $500 million to settle a class-action lawsuit in the US that accused the iPhone maker of “secretly throttling” some iPhone models San Francisco: Apple has started sending payments to the affected iPhone users as part of...

Google, Apple stare at over $50 mn fine for in-app billing irregularities

by AIP Online Bureau | Oct 6, 2023 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance, Technology

The Korea Communications commission has decided to impose a fine of 47.5 billion won on Google and 20.5 billion won on Apple based on the judgment that they violated the country’s revised Telecommunications Business Act by abusing their monopoly power to force...

Apple disputes French findings, says iPhone 12 meets radiation rules

by AIP Online Bureau | Sep 16, 2023 | International News, Policy, Regulation, Risk Management, Technology

The French move raised the prospect of further bans in Europe. Germany’s network regulator BNetzA said it might launch similar proceedings and was in close contact with French authorities, while Spain’s OCU consumers’ group urged authorities there to halt the sales of...
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