The Department of Justice (DOJ), supported by 15 states and the District of Columbia, has filed a lawsuit against Apple in the U.S. District Court for the District of New Jersey, accusing the tech giant of monopolistic practices in violation of Section 2 of the Sherman Antitrust Act. The lawsuit highlights Apple’s dominance in the U.S. smartphone market, where it holds over 65% of the total market and more than 70% of the performance smartphone segment. It attributes Apple’s significant net income, which surpasses the GDP of over 100 countries, largely to the success of its iPhone product line.
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Peter Beens