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WASHINGTON (Reuters) -- The U.S. Department of Justice and 15 U.S. states on Thursday sued Apple, alleging it monopolized smartphone markets in the first major antitrust effort against the iPhone maker by the Biden administration.
Apple CEO Tim Cook is on a visit to Shanghai, according to a post on his official Weibo account on Wednesday, ahead of the inauguration of a new retail store and declining iPhone sales in the country.
Sales of Apple's iPhone plunged in China in the first six weeks of 2024, according to a Counterpoint Research report.
India is quietly grabbing from China more manufacturing of Apple’s iPhones and other electronics gear.
When Apple announced the iPhone in 2007, Steve Jobs called it a "revolutionary product" in a handset category that he said needed to be reinvented.
Apple announced plans to open up its iPhone App Store in Europe to competitors on Thursday, a move that opens up cracks in the company's famous "walled garden," with which it controls app distribution on its devices.
GUANGZHOU -- iPhone prices are being slashed in China ahead of the Lunar New Year holiday, with major online retailers and Apple offering competing discounts as the device faces flagging sales amid competition from Huawei and other domestic brands.