Cook Denies Apple’s Monopoly

Apple’s CEO Tim Cook recently responded that the US government is preparing to conduct antitrust investigations against the four major US technology giants. Apple is not a monopoly. However, he also stated that Apple should be censored on the scale, but no reasonable person would conclude that Apple’s monopoly.

untitled

The US government is preparing to launch an unprecedented wide-ranging survey of the powerful market forces of Amazon, Apple, Facebook and Google. According to sources, the implementation of the anti-monopoly law is jointly administered by the US Federal Trade Commission (FTC) and the Ministry of Justice. Amazon and Facebook are regulated by the FTC, and Apple and Google are under the responsibility of the Ministry of Justice.

In response, Cook recently denied that Apple was a monopoly in an interview with CBS. “Apple controls the moderate share of the market, but it is not very big. I disagree with the idea of some American politicians to split Apple,” Cook said.He further said: “In terms of scale, the anti-monopoly review is fair. I think it should be reviewed, but anyone who makes sense will not come to the conclusion that Apple will monopolize.”

12

The report also said that these investigations may have a financial impact on the company. The brokerage firm Cowen recently lowered Apple’s target price from $245 to $220.In the secondary market, US technology stocks collectively closed up last night after experiencing a full-scale decline on Monday. Apple rose 3.66%, Amazon rose 2.18%, Naifei rose 4.98%, Google rose 1.52%, and Facebook rose 2.04%.

It is worth noting that although Cook believes that Apple has not implemented market monopolies, Apple has been frequently plagued by disputes and complaints in recent years. Among them, Spotify and others have submitted complaints to the European Commission and other institutions, that Apple has collected “Apple tax” in the software store, which caused unfair competition in the market. In addition, a large number of third-party mobile software developers have also questioned and criticized Apple, arguing that it has harmed developers’ interests in issues such as software audits.