DOJ sues Apple over iPhone monopoly in landmark antitrust case

Credit: Photo by Nacevski Nikola

The Department of Justice sued Apple

on Thursday, saying its iPhone ecosystem is a monopoly that drove its “astronomical valuation” at the expense of consumers, developers and rival phone makers.

Federal antitrust enforcement and 16 attorneys general also say that Apple’s anti-competitive practices extend beyond the iPhone and Apple Watch businesses, citing Apple’s advertising, browser, FaceTime and news offerings.

“Each step in Apple’s course of conduct built and reinforced the moat around its smartphone monopoly,” the complaint filed in the District of New Jersey said. Apple shares fell over 2% during trading on Thursday.