Apple in early settlement talks with US DOJ over antitrust case

Apple and the U.S. Department of Justice are in early discussions to settle a 2024 antitrust lawsuit alleging the iPhone maker monopolized the smartphone market, hurt smaller rivals, and drove up prices. The talks are active but not guaranteed to result in an agreement, according to Bloomberg News. Apple has made multiple offers to the DOJ. The original lawsuit, filed by the DOJ and 15 states, cited Apple's suppression of super apps, cloud gaming, messaging, smartwatches, and digital wallets to limit competition. It is unclear if state attorneys general are involved in the settlement talks. Apple shares fell 1.1% on the news. Separately, Apple recently sued OpenAI and two former employees for trade secret misappropriation.

First published Aug 4, 01:56 PM UTCUpdated Jul 17, 05:05 PM UTC1 reports · 1 sources

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Apple in early settlement talks with US DOJ over antitrust case

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Apple in early settlement talks with US DOJ over antitrust caseYahoo FinanceWesternJul 17, 05:05 PM UTC

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