Apple, Amazon Face Consumer Antitrust Lawsuit: Did They Manipulate iPhone Prices?
Portfolio Pulse from Ananya Gairola
Apple Inc. (AAPL) and Amazon.com, Inc. (AMZN) face a consumer antitrust lawsuit alleging collusion in artificially inflating the prices of iPhones and iPads sold on Amazon's platform. A federal judge in Seattle ruled that the case will proceed to evidence-gathering and other pretrial proceedings.
June 10, 2023 | 6:17 am
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Apple faces a consumer antitrust lawsuit alleging collusion with Amazon in artificially inflating iPhone and iPad prices on Amazon's platform.
The lawsuit alleges that Apple and Amazon conspired to inflate the prices of iPhones and iPads, which could negatively impact Apple's reputation and potentially lead to financial penalties if found guilty. This may result in a short-term negative impact on Apple's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Amazon faces a consumer antitrust lawsuit alleging collusion with Apple in artificially inflating the prices of iPhones and iPads sold on its platform.
The lawsuit alleges that Amazon and Apple conspired to inflate the prices of iPhones and iPads, which could negatively impact Amazon's reputation and potentially lead to financial penalties if found guilty. This may result in a short-term negative impact on Amazon's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100