Apple loses top court fight against German antitrust crackdown

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Apple Inc. lost its fight at Germany’s top civil court to overturn a regulator’s decision to put it under tighter antitrust scrutiny alongside other US tech giants.

The judges on Tuesday said the Federal Cartel Office was right to find that the iPhone maker’s footprint across markets meets the threshold for more oversight. Apple is one of the largest, most profitable companies worldwide and has access to extraordinary financial and other resources, the judges added.

“The products and services that Apple offers are highly vertically integrated,…



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Apple loses top court fight against German antitrust crackdown


Apple Inc. lost its fight at Germany’s top civil court to overturn a regulator’s decision to put it under tighter antitrust scrutiny alongside other US tech giants.

The judges on Tuesday said the Federal Cartel Office was right to find that the iPhone maker’s footprint across markets meets the threshold for more oversight. Apple is one of the largest, most profitable companies worldwide and has access to extraordinary financial and other resources, the judges added.

“The products and services that Apple offers are highly vertically integrated,…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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