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Apple to reveal India revenue amid $38B antitrust fine threat

Apple has agreed to disclose its revenue figures in India following an antitrust investigation. The company was found to have exploited its dominant position in the iPhone app market. This disclosure is intended to help the Indian government determine the appropriate fine, which could be as high as $38 billion. AI

RANK_REASON Regulatory action against a major tech company concerning antitrust violations. [lever_c_demoted from significant: ic=1 ai=0.1]

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  1. Mastodon — fosstodon.org TIER_1 English(EN) · [email protected] ·

    Apple agrees to reveal India revenue as it faced massive $38B fine Apple has agreed to reveal its revenue in India so that the government can calculate how much

    Apple agrees to reveal India revenue as it faced massive $38B fine Apple has agreed to reveal its revenue in India so that the government can calculate how much it should be fined for antitrust violations. The company was found guilty of exploiting its dominant position in iPhone…