tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

DOJ may bring antitrust suit against Apple by as soon as March, Bloomberg says

The Justice Department, which has been probing Apple since 2019, is preparing to file an antitrust lawsuit against the iPhone maker by as soon as March, sources familiar with the case told Bloomberg’s Leah Nylen. The Justice Department, which alleges that Apple has imposed software and hardware limitations on its iPhones and iPads to impede rivals from effectively competing, hopes to file a suit in the first quarter of the year, though that timing could slip, the sources said. The New York Times’ David McCabe and Tripp Mickle previously reported on January 5 that The Justice Department is in the late stages of an investigation into Apple and could file a “sweeping antitrust case” aimed at the company by as soon as the first half of this year.

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>>

See Insiders’ Hot Stocks on TipRanks >>

Read More on AAPL:

Disclaimer & DisclosureReport an Issue

1