The Department of Justice has sued Apple (AAPL), which alleges that the tech giant is creating a monopolistic entity. NetChoice Vice President and General Counsel Carl Szabo joins Yahoo Finance Live to discuss why he believes the Department of Justice faces an "uphill climb" in this legal battle.
According to Szabo, the monopoly accusations "just doesn't make sense." He points out that when Americans buy a smartphone, they have "two clear choices": Apple and Android devices, disbarring any assumptions of a monopoly. He notes as this legal battle continues, Apple's innovation efforts may be impacted "out of fear" of being accused of monopolistic practices.
Szabo notes that as long as Apple can provide evidence that supports "business purposes for what they are doing," the courts will most likely rule in their favor. He suggests that many of the concerns raised by the DOJ can be "easily dismissed" due to the legitimate purposes they serve in relation to Apple products like security prevention and payment processing.
#youtube #DOJ #stockmarket
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Get the latest news and data at finance.yahoo.com
- Download the Yahoo Finance app on Apple ([ Ссылка ]) or Android ([ Ссылка ])
- Follow Yahoo Finance on social:
X: [ Ссылка ]
Instagram: [ Ссылка ]
TikTok: [ Ссылка ]
Facebook: [ Ссылка ]
LinkedIn: [ Ссылка ]
