Welcome to NexusFi: the best trading community on the planet, with over 150,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- see if you qualify for a discount below.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
The US Justice Department and 16 states are suing Apple for Antitrust violations regarding monopoly practices in connection with applications that can run on the iPhone.
The government argued that Apple violated antitrust laws by preventing other companies from offering applications that compete with Apple products like its digital wallets, which could diminish the value of the iPhone. Apple’s policies hurt consumers and smaller companies that compete with some of Apple’s services, according to excerpts from the lawsuit released by the government, which was filed in the U.S. District Court for the District of New Jersey.
“Each step in Apple’s course of conduct built and reinforced the moat around its smartphone monopoly,” the government said in the lawsuit.
There will certainly be more news, and soon.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
But the impact is probably at least two years away, if not more, considering appeals -- if they even lose on the merits first time around.
Can you really force Ferrari to lower their price and open source their engine, just because Toyota and Ford and etc are cheaper?
Now, things like collaborating to keep prices artificially high, then I am all for enforcement against that.
I think a case can be made about their messaging app being too restrictive, at least to not allow easy migration from one platform to another. But guess what that falls under? "Your data". We have no law in this country (yet) that permits someone from denying access to your own data. Until such a thing becomes law, I cannot imagine forcing companies to open their private messaging apps.
If you own your data, you should be able to export and then import into another platform.
I don't know anything about when or whether there will or even should be an impact from this, but it definitely looks interesting.
As far as I understood the merits of the case, from a very quick scan of the article (and very little knowledge of the detail), it seemed to me that the complaint is about how Apple holds tight to its control of what can run on its phone, which is a very Apple-type strategy. They do make great stuff, and they do always want to lock you into their platform(s), and they have always done so.
From a financial/investment/trading perspective, the existence of this suit, and its inevitable ups and downs, no matter how it works out, probably will have an impact for some time, and beyond just investors in AAPL, considering its role in the tech sector and the indices in general.
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
