On August 27th, people familiar with this particular matter said that lawyers for the U.S. Department of Justice are drafting a potential antitrust lawsuit against Apple, which is still in the early stages. That suggests a protracted investigation may be nearing a decision point, and lawsuits could come soon.
Groups of prosecutors within the U.S. Justice Department are preparing for a possible lawsuit, which the Justice Department’s antitrust division hopes to file by the end of the year, people familiar with the matter said. Still, the Justice Department has yet to decide if or when to sue Apple, the world’s most valuable company, and there’s still a chance it won’t.
Since 2019, the U.S. Justice Department has been investigating Apple, which it accused of abusing its market power to stifle smaller tech companies, including app developers and competing hardware makers.
As the investigation progresses, the likelihood that the DOJ will file a lawsuit has grown, but starting to draft a lawsuit is an important step forward in the process.
The Apple case is especially significant for the Justice Department, as it will mark the Justice Department’s second major battle with the tech industry.
The Justice Department has already filed a lawsuit against Google’s search business and is preparing a second lawsuit against its advertising business.
While the Justice Department could still decide not to prosecute, the department’s deliberations on how to file a prosecution make it more likely. The Justice Department declined to comment. Apple has yet to comment.
So guys what do you think? Has Apple been stifling competition with its huge cash reserves and predatory behaviour? Do let us know your thoughts on the same in the comments section below!
Feel free to subscribe to the Inspire2Rise newsletter for more amazing content and news delivered to you on a daily basis!