UK Competition Authority Urged to Investigate Apple and Google's Mobile Ecosystem Activities

MT Newswires Live11-22

Apple (AAPL) and Google's (GOOG, GOOGL) mobile ecosystem activities should be investigated by the UK's Competition and Markets Authority, according to the provisional findings of the regulator's independent inquiry group published on Friday.

The inquiry provisionally concluded that Apple's policies on mobile browsers on iOS devices prevent competitors from offering "new, innovative features that could benefit consumers," the statement said.

Additionally, the group found that a revenue-sharing agreement between Apple and Google significantly lowers financial incentives to compete in the mobile browser market and that both companies can manipulate user choices to favor their own browsers.

The inquiry group recommended the CMA to investigate Apple and Google's mobile ecosystem activities under new digital market competition rules, which are set to come into effect next year.

The CMA is inviting comments on its provisional findings by 13 December and expects to make a final decision in March 2025.

Apple and Google did not immediately respond to requests for comment from MT Newswires.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment