Apple was ordered on Wednesday to face a private antitrust lawsuit by payment card issuers accusing the company of thwarting competition for its Apple Pay mobile wallet.
It should be noted that antitrust laws are broad, and don’t have any arbitrary market share requirement to trigger. Players can distort markets in many ways, directly and indirectly.
Which is why Microsoft has been the target of multiple antitrust suits over the years.
iPhones command more than 50% in the US. In fact, iOS accounts for 67% of all app spending. The latter is what legislators care most about.
It should be noted that antitrust laws are broad, and don’t have any arbitrary market share requirement to trigger. Players can distort markets in many ways, directly and indirectly.