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Breaking: Apple Faces US Antitrust Lawsuit Over Monopolizing Smartphone Markets

  • Writer: MarketAlley's Editorial
    MarketAlley's Editorial
  • Mar 21, 2024
  • 1 min read


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.

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