Apple Loses $100bn As US Files iPhone Monopoly Lawsuit

Following the US Justice Department’s criticism of the tech giant for allegedly having an illegal monopoly in the mobile phone market, Apple’s shares dropped by about 4%. Attorneys general from sixteen states have banded together to combat the iPhone’s hegemonic status, claiming Apple broke federal law by stifling competition and pressuring entire sectors to rely … Continue reading Apple Loses $100bn As US Files iPhone Monopoly Lawsuit