Connect with us

Hi, what are you looking for?

Smart Income LibrarySmart Income Library

Tech News

Apple fights to keep DOJ antitrust suit from reaching trial

Photo illustration of Tim Cook in front of gavels.
Illustration by Cath Virginia / The Verge | Photo by Bloomberg, Getty Images

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…

Continue reading…

You May Also Like

Editor's Pick

Whipsaws and losing trades are part of the process for trend-following strategies. These are expenses, and simply unavoidable. Over time, trend-following strategies will catch...

Tech News

Klipsch’s Flexus Core 300 soundbar will leverage Dirac’s room correction calibration tools. | Image: Klipsch Klipsch has announced its new Flexus Core 300 soundbar,...

Editor's Pick

So the first Fed rate cut is behind us, and we are no longer in a “higher for longer” period, but in a new...

Editor's Pick

Much like the southeastern portion of the U.S. frets over the potential of devastating hurricanes, stock traders and investors brace for their own financial...