Stock Market News
Russia says Apple violates antitrust laws
2022.07.19 12:53
FILE PHOTO: Logo of an Apple store is seen as Apple Inc. reports fourth quarter earnings in Washington, U.S., January 27, 2022. REUTERS/Joshua Roberts
(Reuters) – Russia’s competition authority said on Tuesday that U.S. tech giant Apple (NASDAQ:AAPL) is in violation of the country’s antitrust laws due to its dominant position in the app store market.
In a statement, the federal anti-monopoly service (FAS) said it would levy a turnover-based fine against Apple, the size of which would be determined during the course of an investigation.
