Heres the DOJ antitrust chiefs message to Apple shareholders
Summary
The Justice Departments top antitrust official said Friday that Apple shareholders should encourage the company to "compete on the merits," one day after the government sued the iPhone maker over allegedly anticompetitive practices. The Justice Department on Thursday filed suit against Apple, alleging that the company used anticompetitive tactics to control the smartphone market. The suit alleges that a significant part of Apples ecosystem is designed to keep consumers buying iPhones, even at the cost of more innovative features. But in the interim, those experts said, the larger risk to Apple and its shareholders was the distraction and scope of an antitrust lawsuit, which could potentially divert executive focus away from the business and towards fighting off the governments claims. Apple shares slipped around 4% Thursday, after the Justice Department announced its suit, and traded largely flat on Friday morning.
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