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Apple accused of monopolizing smartphone markets in US antitrust lawsuit

Apple accused of monopolizing smartphone markets in US antitrust lawsuit

THE U.S. Department of Justice and 15 states sued Apple alleging it used the powerful demand for its iPhone and other products to drive up prices for its services and hurt smaller rivals, the latest move in a U.S. crackdown on Big Tech. Apple joins corporate rivals sued by U.S. regulators, including Alphabet's Google, Meta Platforms and Amazon.com across the administrations of both former President Donald Trump and President Joe Biden. "Consumers should not have to pay higher prices because companies violate the antitrust laws," Attorney General Merrick Garland said in a statement. "If left unchallenged, Apple will only continue to strengthen its smartphone monopoly."…
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Top five takeaways from Apple’s iPhone launch event

Top five takeaways from Apple’s iPhone launch event

APPLE  Inc has announced four new iPhones that can tap 5G wireless data networks and a cheaper smart speaker that will compete with offerings from market leaders Amazon and Google. In a bid to line up new hardware for the upcoming holiday season, Apple last month launched new smart watch models with blood oxygen sensors and updated its iPad range. The Cupertino, California-based company's Tuesday launch included smartphones ranging from $699 to $1,399 with new designs and 5G technology. Here are five key announcements from the event: 5G IN ALL THINGS Apple said all four new iPhone models in the…
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