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Apple's Regulatory Reckoning - Amidst increasing regulatory scrutiny, Apple Inc. finds itself in turbulent waters. A significant drop in stock value, coupled with legal challenges in the United States and Europe, signals a testing period for the tech behemoth.
The Department of Justice's recent lawsuit casts a shadow over Apple's future. Accusing the company of employing anti-competitive practices to bolster its "astronomical valuation," the U.S. government is considering drastic measures, including the possibility of breaking up the tech behemoth.
This legal action targets Apple's expansive ecosystem, including the iPhone, Apple Watch, and lucrative services, suggesting a comprehensive examination of the company's market dominance.
Across the Atlantic, European regulators are probing the company's compliance with the Digital Markets Act (DMA), a comprehensive regulatory framework designed to rein in the market power of large tech platforms.
These investigations could focus on various aspects of Apple's operations, including its App Store fees, terms, and conditions for developers. With the DMA enabling the European Commission to impose fines of up to 10% of a company's total annual worldwide revenue, and even 20% for repeated infractions, Apple faces significant financial risks.
This wave of regulatory attention has not only eroded Apple's market value by $113 billion in a single day but also raised alarms about the future of its market dominance.
When Apple stock falls: Here is the historical 1-month impact on Apple's peers when its stock has previously fallen 12% in a quarter:
Top 3 Performing Assets:
Spotify Technology ADR: 10.40% return
Netflix: 7.80% return
Sonos: 4.67% return
Bottom 3 Performing Assets:
Garmin: -0.87% return
Sony Group ADR: 0.00% return
HP: 1.07% return