Apple faces years of distractions after DOJ antitrust suit




A multiyear legal battle involving hundreds of attorneys was launched on Thursday when the U.S. Department of Justice filed a lawsuit against Apple, alleging it had exploited the iPhone's market dominance to shut out competitors. The lawsuit also threatened Apple's "walled garden" business model.
Should the DOJ prevail, it may pursue various modifications to Apple's operations, and American authorities did not completely rule out the prospect of Apple being subjected to "structural remedies" or even being split apart.

Apple could have additional weapons to fend off future regulation if a court decides that its estimated 64% market dominance in smartphones in the United States does not constitute a monopoly or that its actions were lawful.

But before any of that occurs, there will probably be years of legal wrangling during which Apple will have to produce internal documents for the government, defend its business in public, divert its executives with legal meetings, and possibly deal with negative press that could damage its reputation.


A judge still needs to be assigned to the DOJ's lawsuit. In the short term, Apple might request that the trial be held somewhere other than New Jersey, and it probably will request that the case be dismissed in its whole.


                                                                      Read more...

Comments

Post a Comment

Popular posts from this blog

NEWS

Image
  How the BOJ's strategy to smoothly transition away from negative interest rates failed In brief Inflation and poor data prompted BOJ to examine two options. Different deputy governors make the departure process more difficult. Japan's transition to a negative rate represents a turning point. BOJ will probably maintain interest rates close to zero for some time. March 20, Tokyo (Reuters) - On a cloudy December day, when Governor Kazuo Ueda and two deputies convened at the bank's Tokyo headquarters, the Bank of Japan's plan for a smooth transition away from years of huge stimulus came apart. The central bank's goal to stop zero interest rates by March or April and swiftly implement additional hikes was made more difficult by the fact that inflation was slowing down more than anticipated. The officials thought about two options.   The first choice was to proceed as scheduled while watching for indications ofeconomic improvement. The other option was to stop negative...
Read more

News

Image
  Israeli military dismisses two officers after investigation finds "mistaken identification" to be the cause of World Central Kitchen deaths. WCK also demanded that an independent inquiry of the incident be conducted rather than by the Israeli military. In a statement, the group stated, "We demand the creation of an independent commission to investigate the killings of our WCK colleagues." "The IDF cannot credibly investigate its own failure in Gaza." Specifics of the results of the Israeli probe Spokesman for the Israeli army claimed that before targets could be attacked, they had to be visually recognized as threats for several different reasons. However, the investigation found that a major had noticed, from shaky drone-camera footage, that someone in the convoy was armed, leading to the conclusion that a colonel had approved the string of lethal drone strikes on the convoy. It turned out to be false, according to military officials. The colonel and t...
Read more