Breaking: Apple Faces US Antitrust Lawsuit Over Monopolizing Smartphone Markets

The U.S. Department of Justice and 15 states sue Apple for alleged antitrust violations, accusing the company of driving up prices and stifling competition in smartphone markets.

Impact: Apple shares (NASDAQ:AAPL) drop by 3% following the news, signaling investor concerns over the lawsuit's potential implications on the tech giant's business practices and share value.