Apple sued by US government for monopolising smartphone market

The US Justice Department announced a sweeping lawsuit over Apple monopolisation of smartphones.

Transcript

00:00 The US government has sued Apple, alleging the company illegally monopolized the smartphone

00:06 market. Apple is accused of stifling competitors and innovation.

00:11 The technology giant says the Justice Department's suit is wrong on the facts and the law and

00:16 will vigorously defend against it. This action is the first major antitrust effort against

00:21 Apple by the Biden administration.

00:24 Apple is the most prosperous company in the world, with an annual revenue of over 368

00:30 billion euros.

00:31 (laughter)

00:34 you