The federal government accuses Apple of using its monopoly power to stomp out competitors and keep customers from switching phones.
Apple, one of the world’s richest companies, is now under fire from the U.S. government. The Department of Justice and 16 states filed a lawsuit against the Silicon Valley giant on Thursday, accusing the company of abusing its power as a monopoly to edge out rivals and ensure customers keep using its products.
The heart of the lawsuit centers around claims that Apple stopped smaller companies from accessing the hardware and software in its iPhones, which led to fewer options for customers.
Apple is worth nearly $3 trillion, making it one of the highest valued companies in the world. And its iPhone is one of the most popular phones on earth, dominating the global market, according to market analyst firm IDC. The Justice Department alleges it’s by no coincidence that Apple was able to ensure its place at the top.
« Consumers should not have to pay higher prices because companies violate the antitrust laws, » said Attorney General Merrick B.
