Big Tech is facing its biggest challenge in decades as antitrust regulators crack down on alleged anticompetitive practices.
facing its biggest challenge in decades as antitrust regulators on both sides of the Atlantic crack down on alleged anticompetitive practices that could result in breakup orders to Apple and Google, a first for the industry.
Regulators allege companies such as Apple and Google have built impenetrable ecosystems around their products The US department of justice last Wednesday warned Apple, a US$2.7-trillion company, that a breakup order is not excluded as a remedy to restore competition after it teamed up with 15 states to sue the iPhone maker for monopolising the smartphone market, thwarting rivals and inflating prices. Even so, it will likely take years to decide the case, which Apple has vowed to fight.
It is far from certain that regulators will issue breakup orders as they mull options, and any action may just result in a fine. Legal experts also suggested the case against Apple, drawing from the 1998 case against Microsoft, could be more difficult this time.
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