Apple says it faces world’s largest antitrust fine as India’s regulator hardens stance
Apple has said that it could potentially be fined a massive $38 billion in an antitrust battle taking place in India after it refused to cooperate with the regulator. Yep, that’s billion with a B. The iPhone maker has persistently refused to submit financial data required by the Competition Commission of India (CCI) after being found guilty of abusing its dominant position in the smartphone market … more…
What happened?
Apple has said that it could potentially be fined a massive $38 billion in an antitrust battle taking place in India after it refused to cooperate with the regulator. Yep, that’s billion with a B. The iPhone maker has persistently refused to submit financial data required by the Competition Commission of India (CCI) after being found guilty of abusing its dominant position in the smartphone market … more…
Story details
Apple has said that it could potentially be fined a massive $38 billion in an antitrust battle taking place in India after it refused to cooperate with the regulator.
Yep, that’s billion with a B.
The iPhone maker has persistently refused to submit financial data required by the Competition Commission of India (CCI) after being found guilty of abusing its dominant position in the smartphone market … more…
Why it matters
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