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Benzinga
Benzinga
National
Anusuya Lahiri

Key Takeaways From Apple's Antitrust Lawsuit In UK

Apple Nasdaq Justin Gutmann AAPL United Kingdom Intel Corporation Pixabay Qualcomm Inc European Union
  • Market researcher Justin Gutmann prosecuted Apple Inc (NASDAQ:AAPL) on behalf of the U.K. iPhone users for allegedly misleading customers on a controversial power management tool, Bloomberg reports.
  • Gutmann alleged Apple abused its influence to conceal a power management tool in the updates to hide the phone batteries' inefficiency in handling the new software's processing demands leading to shutdowns and glitches.
  • Apple has denied the allegations.
  • The suit could sweep up to 25 million people who bought the iPhone models seeking hundreds of millions of pounds in compensation, writes Bloomberg.
  • Apple also faced a probe from the British antitrust watchdog for allegedly dominating mobile browsers, including restrictions on cloud gaming through its app store.
  • Qualcomm Inc (NASDAQ:QCOM) just won against EU antitrust regulators for allegedly paying Apple to use only its chips and block out rivals like Intel Corp (NASDAQ:INTC). 
  • Price Action: AAPL shares traded lower by 2.16% at $132.51 in the premarket on the last check Thursday.
  • Image by mhoppsy from Pixabay
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