Apple shares slip on report U.S. government preparing antitrust lawsuit
Publishing timestamp: 2024-01-05 16:02:22
Summary
Apple shares slid after the New York Times reported that the U.S. Department of Justice is preparing an antitrust lawsuit against the company. The lawsuit could target Apple Watch, iMessage, and Apple Pay. Investors and analysts are concerned about regulatory risks facing Apple, including new regulations in Europe and the recent Justice Department trial targeting Google. Apple CEO Tim Cook will meet with the European Commission's top antitrust enforcer next week.
Sentiment: NEGATIVE
Tickers: AAPL,
Keywords: mobile, entertainment, business, breaking news: technology, apple inc, tim cook, technology, business news,