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Stockreport

Apple says India antitrust body overstepping judicial authority as spat intensifies [Yahoo! Finance]

Apple Inc. (AAPL)  More Company Research Source: Yahoo! Finance
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
company ?to submit its financials in an antitrust case related to the iPhone ?apps market, while Apple challenges the law governing penalties, documents show. An April 24 non-public Indian court ?submission by Apple, reviewed by Reuters on Thursday, is the latest sign of a growing confrontation between the company and Indian investigators over a case in which Apple says it could face a penalty of up to $38 billion. The Competition Commission of India ?has since 2024 sought Apple's ?financial information - typically needed to calculate penalties - after an investigation found it abused its dominant position. Apple has resisted, arguing it ?has challenged India's entire antitrust penalty calculation law in a New Delhi court, and the watchdog must wait. After the CCI this month gave Apple an ultimatum to submit ?its financials ?and scheduled a final hearing on May 21, ?the company has urged the ?Delhi High Court to urgently intervene to put the matter on hold. The "commission's d [Read more]

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Stockreport

Apple says India antitrust body overstepping judicial authority as spat intensifies [Yahoo! Finance]

Apple Inc.  (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
company ?to submit its financials in an antitrust case related to the iPhone ?apps market, while Apple challenges the law governing penalties, documents show. An April 24 non-public Indian court ?submission by Apple, reviewed by Reuters on Thursday, is the latest sign of a growing confrontation between the company and Indian investigators over a case in which Apple says it could face a penalty of up to $38 billion. The Competition Commission of India ?has since 2024 sought Apple's ?financial information - typically needed to calculate penalties - after an investigation found it abused its dominant position. Apple has resisted, arguing it ?has challenged India's entire antitrust penalty calculation law in a New Delhi court, and the watchdog must wait. After the CCI this month gave Apple an ultimatum to submit ?its financials ?and scheduled a final hearing on May 21, ?the company has urged the ?Delhi High Court to urgently intervene to put the matter on hold. The "commission's d [Read more]

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AAPL
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