Apples monopoly power over iPhone apps gives it outsized profits, Democrats say
Summary
The report recommends that dominant technology platforms, including Apple, be barred from entering "adjacent lines of business" and should not be allowed to give preference to their own services or products. The House Judiciary subcommittee on antitrust released a report on Tuesday that said that Apple has "monopoly power" over software distribution on iPhones, which allows it to generate large profits from the App Store and extract rents from developers. The 450-page report from the Democratic majority is the culmination of a 16-month investigation that also examined competitive practices at Amazon , Facebook , and Google and included the CEOs of the four giants testifying over videoconference in August. Developers of parental control software complained after the feature was released that they were excluded from the lucrative market of iPhone owners, and the apps were reinstated after media attention. These profits are derived by extracting rents from developers, who either pass on price increases to consumers, or reduce investments in innovative new services," the authors write.