Location & Language

Zenfinex Global Limited regulated by the Financial Services Authority (FSA) of Seychelles (SD092)

DOJ Sues Apple: Apple Stock Slides as DOJ Antitrust Lawsuit Looms Large

By Camilo Botia,

The US government is taking a major step against Apple. On Thursday, the Department of Justice (DOJ) sued Apple for abusing its dominant market position and harming consumers through its iPhone ecosystem. The lawsuit alleges that Apple operates a monopoly, driving up prices and limiting consumer choices.

The lawsuit could have a significant impact on Apple’s most profitable businesses. This includes iPhones, which generated over $200 billion in sales in 2023, the Apple Watch, which is part of the company’s $40 billion wearables business, and its services line, including the App Store, which brought in $85 billion in revenue last year. Apple strongly disagrees with the lawsuit and plans to fight it in court. The company argues that complying with such regulations would stifle innovation, hurt customer experience, and raise costs.

This lawsuit builds on previous antitrust investigations into Apple and similar cases against Google. The outcome of this case could set a precedent for regulating big tech companies and promoting open ecosystems. Apple already faces similar challenges in Europe with the EU Digital Markets Act, forcing them to open the App Store.

The US government’s lawsuit against Apple signals a new era of stricter enforcement against tech giants. The outcome of this case could significantly impact Apple’s business model and the future of smartphone technology, as well as its stock price and investors’ perception of the company in the near future.

 

 

Apple’s stock has seen a significant decline in 2024. It is now trading at 171.41 and from 196.37 earlier in the year. There is a significant increase in volatility, as shown by the ATR oscillator, with a significant drop in the stock price on Thursday after the DOJ sued Apple. There are also mounting expectations about Apple’s AI strategy, and some investors perceive the company as lagging behind competitors such as Microsoft and Google. There are two significant resistances, the first at $179.76 and the second at the 200-day moving average at $183.80. At the bottom, there are two supports at 168.44 and 165.88.

Back

Popular Posts

Overview of Last Week’s Key Economic Events

Record High in Gold Prices Reflects Global Uncertainty

Political Fears Push Bond Yields Higher and Weaken the French Stock Market

Nikkei 225 Index Hits Record Highs with Continued Upward Momentum Amid Weakness of...

Here are some related articles you may find interesting:

Market Insights​

October 13, 2025

Overview of Last Week’s Key Economic Events

Last week featured a range of important global economic developments. The minutes from the U.S. Federal Reserve meeting revealed that the majority of members expect...

Market Insights​

October 10, 2025

Record High in Gold Prices Reflects Global Uncertainty

Gold prices reached a new record level of $4,059 yesterday. Today, they have retreated to around $4,000 and are currently hovering near $4,040. The yellow...

Market Insights​

October 8, 2025

Political Fears Push Bond Yields Higher and Weaken the French...

The French CAC40 index declined, despite its strong performance since the beginning of the year. This drop is attributed to the political crisis in France,...

Market Insights​

October 7, 2025

Nikkei 225 Index Hits Record Highs with Continued Upward Momentum...

The USD/JPY currency pair rose today, reaching 150.68, the highest level since August 1, 2025, and is currently trading above the 150.50 level. The pair...

Ready to Elevate Your Trading Journey?

Open a Taurex account and start trading today.

Live account Registration

1 Hour Trading Consultation

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.