WASHINGTON (AP) — The Supreme Court seemed ready Monday to allow an antitrust lawsuit to go forward that claims Apple has unfairly monopolized the market for the sale of iPhone apps. AdvertisementThe suit by iPhone users could force Apple to cut the 30 percent commission it charges software developers whose apps are sold through the App Store. A judge could triple the compensation to consumers under antitrust law if Apple ultimately loses the suit. Justice Stephen Breyer, who used to teach antitrust law at Harvard Law School, said the consumers' case seemed straightforward and in line with a century of antitrust law. Representing consumers, lawyer David Frederick said the monopoly Apple has over iPhone apps is unique in the digital age.
Apple supplier to slash expenses amid concern over iPhone sales
Foxconn Technology Group plans to cut costs by £2.3bn next year, according to reportsFoxconn Technology Group, which supplies Apple with components for the iPhone, is reportedly planning to cut costs by billions of pounds amid concerns that iPhone sales growth is slowing. The Taiwanese manufacturer will slash 20bn yuan (£2.3bn) from expenses in 2019, Bloomberg News reported. The company will need to reduce expenses in its iPhone operations by 6bn yuan next year, Bloomberg says. Foxconn reported lower-than-expected profits in the third quarter of the year. Japanese media have also reported that Apple has scaled back its orders for its lower-cost iPhone XR, for which Foxconn is a major assembler.
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