Here's the DOJ antitrust chief's message to Apple shareholders
Publishing timestamp: 2024-03-22 10:12:40
Summary
Assistant Attorney General Jonathan Kanter stated that competition on merits is good for business and consumers, following the Justice Department's lawsuit against Apple for alleged anticompetitive practices. Apple has disputed the allegations, saying the lawsuit threatens who they are. Experts believe the lawsuit could lead to years of litigation and distract Apple executives from focusing on the business. Apple shares slipped around 4% after the suit was announced.
Sentiment: MIXED
Tickers: AAPL,
Keywords: lawsuits, apple inc, breaking news: technology, technology, breaking news, products and services, justice department, entertainment, business news,
Source: https://www.cnbc.com/2024/03/22/apple-antitrust-suit-dojs-kanter-has-a-message-to-shareholders.html