Page 3 - Antitrust Case News Today

US tech giant Apple has paid a Russian fine of 1.2 billion roubles ($13.65 million), imposed over the companys alleged abuse of its dominant market position concerning in-app payments, Russias FAS antitrust agency said on Monday.

Apple has agreed to open up its Near-Field Communication (NFC) technology to third-party mobile wallet providers, ending the exclusivity of Apple Pay and Apple Wallet. This move is aimed at resolving its antitrust case with the European Commission and avoiding a potential fine. The Commission is currently seeking feedback on these commitments, which would resolve this four-year-old investigation.

Leaders of the House and Senate appropriations committees are facing pressure to increase funding for the Department of Justice’s (DOJ) antitrust division to aid the agency in bringing cases against the nation’s dominant tech companies, according to a letter sent Thursday. More than a dozen advocacy groups underscored the need for increased funding, based…

The Supreme Court declined to review a ruling in an antitrust case between Apple and Epic Games that largely leaves Apple’s App Store rules in place, the court announced Tuesday. Although the ruling was mostly in Apple’s favor, the Supreme Court’s decision to decline the case means Apple must comply with a portion of the…

The agency is focused on how Apple has used its control over its hardware and software to make it more difficult for consumers to ditch the companys devices, as well as for rivals to compete, said the people, who spoke anonymously because the investigation was active.

Foxconn, the world’s largest electronics contract manufacturer, did not provide an estimate of the quarterly drop, but said the year’s first three months represent an off-peak season for the industry.

Apple has been the world’s most valuable publicly-listed company since July 2022, but has seen about US$177 billion in market value erased so far this year.

Apple's firm grip on third-party iPhone apps through its exclusive App Store policies is facing heightened investigation.

Google will pay $630 million to refund US consumers overcharged for in-app purchases made through the Play Store between August 2016 and September 2023.

Indian app developers and startup founders are cheering gaming company Epic Games win over Google in an antitrust case in the US, saying they feel “vindicated” and expect “positive ripple effects” on similar cases in India and elsewhere.