{"id":24374,"date":"2024-01-06T22:10:06","date_gmt":"2024-01-06T22:10:06","guid":{"rendered":"http:\/\/107354963"},"modified":"2024-01-06T22:10:06","modified_gmt":"2024-01-06T22:10:06","slug":"apple-shares-slip-on-report-u-s-government-preparing-antitrust-lawsuit","status":"publish","type":"post","link":"https:\/\/wp.worldtechguide.net\/apple-shares-slip-on-report-u-s-government-preparing-antitrust-lawsuit\/","title":{"rendered":"Apple shares slip on report U.S. government preparing antitrust lawsuit"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/wp.worldtechguide.net\/wp-content\/uploads\/2024\/01\/apple-shares-slip-on-report-u-s-government-preparing-antitrust-lawsuit.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<p><span class=\"HighlightShare-hidden\"><\/span><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-107261810\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>Apple CEO Tim Cook listens as President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., on June 23, 2023.<\/p>\n<p>Anna Moneymaker | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p><span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"RegularArticle-QuoteInBody-1\"><span class=\"waslinkname\">Apple<\/span><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"><\/span><\/button><\/span><\/span><\/span> shares slid less than 1% on Friday after The New York Times <span class=\"waslinkname\">reported<\/span> that the U.S. Department of Justice is preparing an antitrust lawsuit against the iPhone maker, which could be filed as soon as this year.<\/p>\n<p>The agency&#8217;s lawsuit could target how the Apple Watch works exclusively with the iPhone, as well as the company&#8217;s iMessage service, which is also solely available on Apple devices. It could also focus on Apple Pay, the company&#8217;s payments system, according to the report.<\/p>\n<p>The lawsuit, if it comes to pass, would be the biggest antitrust risk for Apple in years. The U.S. is Apple&#8217;s largest market, and Apple says the way in which iMessage and the Apple Watch work are essential features that distinguish iPhones from Android phones.<\/p>\n<p>The news comes as investors and analysts have started to fret about the various regulatory risks facing Apple, including new regulations in Europe over the company&#8217;s App Store&#8217;s <span class=\"waslinkname\">control over iPhone software distribution<\/span>, as well as a recent Justice Department trial targeting Google&#8217;s search deals, including its l<span class=\"waslinkname\">ucrative arrangement with Apple<\/span>.<\/p>\n<p>&#8220;While Apple&#8217;s share price increased by 48% in 2023, our concerns regarding Apple&#8217;s legal risks have intensified in recent months,&#8221; CFRA analyst Nick&nbsp;Rodelli wrote in a note Friday.<\/p>\n<p>Apple CEO Tim Cook will meet with the European Commission&#8217;s top antitrust enforcer, Margrethe Vestager, next Thursday.<\/p>\n<p>A representative for Apple declined to comment. The Department of Justice did not immediately respond to CNBC&#8217;s requests for comment.<\/p>\n<p><em><strong>Don&#8217;t miss these stories from CNBC PRO:<\/strong><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Apple CEO Tim Cook listens as President Joe Biden speaks during a roundtable with American and Indian business leaders in the East Room of the White House in Washington, D.C., on June 23, 2023. Anna Moneymaker | Getty Images Apple shares slid less than 1% on Friday after The New York Times reported that the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":24375,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"hashtags":[],"_links":{"self":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts\/24374"}],"collection":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/comments?post=24374"}],"version-history":[{"count":0,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/posts\/24374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/media\/24375"}],"wp:attachment":[{"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/media?parent=24374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/categories?post=24374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/tags?post=24374"},{"taxonomy":"hashtags","embeddable":true,"href":"https:\/\/wp.worldtechguide.net\/wp-json\/wp\/v2\/hashtags?post=24374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}