"DOJ Sues Apple for Monopoly, Shares Wobble"
TL;DR
Apple's shares fell after the US Justice Department filed an antitrust suit, accusing the company of stifling competition. The suit adds risk to Apple's services business, which has been a key growth driver, and comes amid concerns about weak sales in China and a lack of new growth catalysts. Despite a rock-solid balance sheet, the stock's recent underperformance and high valuation have raised concerns among investors.
Topics:top-newsbusinesstechnology#antitrust-suit#apple#businesstechnology#revenue#services-business#stock-market
- Apple shares wobble as antitrust suit takes aim at growth pillar Yahoo Finance
- Apple's Business Model Getting Hit From All Sides Now The Wall Street Journal
- DOJ faces 'two critical issues' in Apple suit Yahoo Finance
- US sues Apple for illegal monopoly over smartphones The Verge
- Here's the DOJ antitrust chief's message to Apple shareholders CNBC
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