Former Windows Head Slams Elizabeth Warren For Apple's 'Smartphone Monopoly' Comment: 'This Needs A...Good Grief'
Portfolio Pulse from Rounak Jain
Steven Sinofsky, former Windows head, criticized Sen. Elizabeth Warren's claim that Apple Inc. has a 'smartphone monopoly', citing Apple's market share does not meet monopoly criteria. This comes amid increased scrutiny of Apple by lawmakers and regulators, especially after Warren supported a DOJ antitrust case against Apple, focusing on its smartphone market share and the discontinuation of the 'iMessage for Android' app, Beeper Mini. Apple's stock closed down 1.22% at $165.
April 20, 2024 | 7:48 am
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Steven Sinofsky disputes Sen. Warren's 'smartphone monopoly' claim against Apple, amidst DOJ antitrust case and market scrutiny. Apple defends its innovation principles.
The criticism of Sen. Warren's monopoly claim by a tech industry veteran, combined with the ongoing DOJ antitrust case, could contribute to negative sentiment around Apple's stock in the short term. The company's defense against these allegations and its emphasis on innovation principles may not immediately mitigate the impact of regulatory scrutiny and public debate on its market share and business practices.
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IMPORTANCE 90
RELEVANCE 100