A group of 55 Chinese iPhone and iPad users filed a complaint with China’s State Administration for Market Regulation alleging that Apple (AAPL) abuses its market dominance by restricting app distribution and payments to its own platforms while charging high commissions, Reuters reports.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAPL:
- Evercore adds Apple to ‘Tactical Outperform List’ into earnings
- Apple Positioned for Growth: Strong iPhone Demand and Services Expansion Support Buy Rating
- Apple (AAPL) Sees Strongest iPhone Growth Since the Pandemic
- TRB Advisors LP Reduces Stake in Apple Inc
- Manitou Investment Management Ltd. Reduces Apple Inc. Stake