Business news : Apple’s big problems: First lawsuit filed, now big shock in stock market

The troubles of iPhone manufacturing company Apple are increasing. First Apple was accused of harming consumers and small companies and now there has been a big shock in the stock market.

Antitrust lawsuit begins
Actually, the US government has filed a case against Apple for violating antitrust laws. The US Justice Department and 16 state attorneys general launched an antitrust lawsuit against Apple on Thursday. At the same time, in Europe the company is facing scrutiny over whether it is complying with the region’s Digital Markets Act.

Apple gets a shock in the stock market
Mobile production in India has increased rapidly in the last decade. India’s smartphone exports to the US increased to $3.53 billion during April-December in the current financial year, from $998 million in the same period of financial year 2022-23. However, now on Thursday the shares of Apple Company slipped by 4.1 percent. Due to this, there was a decline of about 113 billion dollars in the market value of the company in a single day.

This is not the first time Apple has come under investigation. The company and people associated with it have been facing allegations for years of benefiting themselves by suppressing competitors. However, as Apple’s products have become more popular and a part of daily life around the world, authorities have become increasingly cautious.