Apple shares lost 4.1% after news of the lawsuit. Increasing regulatory pressure is worsening an already turbulent environment for investors.
This isn’t Apple’s first run-in with antitrust laws. Now a lawsuit filed in the US alleges that Apple is restricting competitors’ access to iPhone hardware and software features. The EU investigation concerns tariffs, terms and conditions of employment for Apple app developers, and may mirror investigations into some rivals.
Experts warn that a barrage of lawsuits and investigations could stall innovation. Even defending against such claims can be a significant burden, diverting resources and stalling progress.
Apple has vehemently denied the US government’s allegations, calling the lawsuit “flawed in fact and law.” They argue that this would lead to excessive government interference in the development of the technology and promise to “strongly defend” themselves. There was no comment on possible EU investigations.
The coming months will be critical for Apple in these legal battles.
Source: Ferra
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