How Much Will The New Antitrust Laws Impact Apple?

  How Much Will The New Antitrust Laws Impact Apple? Representative of the US House David Cicilline (D-Rhode Island) says he supports the anticipated bill, but says he won't be prevented from pre-installing Apple's own apps on their devices! But he said on Wednesday that if the introduced congressional law were passed, apps would not be able to be pre-installed on devices. David Cicilline is known to be the driving force behind several antitrust (competition law) laws aimed at restraining major US Tech Companies such as Apple  AAPL (NASDAQ) $130,15 +0,51 (+%0,39), Amazon AMZN (NASDAQ) $3.415,25 +32,12 (+%0,95), Alphabet GOOG (NASDAQ) $2.513,93 -6,73 (-%0,27), and Facebook FB (NASDAQ) $331,08 -5,67 (-%1,68) One of the aforementioned law's ingredients is that it almost restricts technology companies' ability to keep up with their competitors' products.

How Much Will The New Antitrust Laws Impact Apple?

According to Bloomberg, this bill could prevent Apple from selling devices with pre-installed apps. Regulatory laws introduced last week could split tech giants in half or bring production of private-label products to a halt. At the End of This Statement, Apple Shares Traded at $129,25, Falling 0,3 % in the Past Days! "Unregulated tech monopolies have too much power over our economy," Cicilline, Antitrust Chair of the House Judiciary Subcommittee, said on Friday. The European Union's regulators' association recommended that Amazon be fined more than $425 million for violating privacy law, in a statement to The Wall Street Journal. How Much Will The New Antitrust Laws Impact Apple?  

Source: www.thestreet.com

 

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