BR100 Decreased By (-0.26%)
BR30 Decreased By (-0.53%)
KSE100 Decreased By (-0.29%)
KSE30 Decreased By (-0.22%)
AGHA 6.56 Decreased By ▼ -0.11 (-1.65%)
BECO 4.40 Increased By ▲ 0.05 (1.15%)
BML 55.89 Decreased By ▼ -0.28 (-0.5%)
BOP 30.05 Decreased By ▼ -0.07 (-0.23%)
CNERGY 12.75 Decreased By ▼ -0.23 (-1.77%)
CSIL 5.21 Decreased By ▼ -0.10 (-1.88%)
FCCL 51.00 Decreased By ▼ -0.65 (-1.26%)
FFL 14.43 Decreased By ▼ -0.06 (-0.41%)
FNEL 1.22 Increased By ▲ 0.01 (0.83%)
KEL 5.97 Decreased By ▼ -0.09 (-1.49%)
KOSM 5.58 Decreased By ▼ -0.26 (-4.45%)
LOTCHEM 26.15 Decreased By ▼ -0.02 (-0.08%)
MLCF 90.33 Decreased By ▼ -0.90 (-0.99%)
NBP 161.45 Decreased By ▼ -2.74 (-1.67%)
NCPL 52.55 Decreased By ▼ -0.63 (-1.18%)
NPL 57.98 Decreased By ▼ -1.14 (-1.93%)
OGDC 315.40 Increased By ▲ 2.01 (0.64%)
PACE 9.70 Decreased By ▼ -0.07 (-0.72%)
PAEL 34.73 Decreased By ▼ -0.51 (-1.45%)
PIBTL 14.23 Decreased By ▼ -0.48 (-3.26%)
PPL 221.00 Decreased By ▼ -0.36 (-0.16%)
PRL 90.89 Decreased By ▼ -0.33 (-0.36%)
PTC 59.25 Increased By ▲ 0.06 (0.1%)
SSGC 23.39 Increased By ▲ 0.09 (0.39%)
TBL 8.65 Decreased By ▼ -0.10 (-1.14%)
TELE 7.40 Decreased By ▼ -0.21 (-2.76%)
TPL 21.00 Decreased By ▼ -1.03 (-4.68%)
TPLP 12.02 Decreased By ▼ -0.54 (-4.3%)
TREET 21.33 Decreased By ▼ -0.40 (-1.84%)
TRG 54.35 Decreased By ▼ -1.44 (-2.58%)
Markets

Apple says India antitrust body overstepping judicial authority as spat intensifies

  • The Indian case is among many Apple faces around the globe for alleged antitrust breaches. India is a key market for ⁠Apple ​where its iPhones have a 9% market share, compared ​to 4% two years ago
Published Updated
Photo: Reuters
Photo: Reuters
By

NEW DELHI: Apple has accused India’s competition body of exceeding its powers by pushing the US tech company to submit its financials in an antitrust case related to the iPhone ​apps market, while Apple challenges the law governing penalties, documents show.

An April 24 ​non-public Indian court submission by Apple, reviewed by Reuters on Thursday, is ⁠the latest sign of a growing confrontation between the company and Indian investigators ​over a case in which Apple says it could face a penalty of up to $38 ​billion.

The Competition Commission of India has since 2024 sought Apple’s financial information - typically needed to calculate penalties - after an investigation found it abused its dominant position. Apple has resisted, arguing it has challenged India’s entire antitrust ​penalty calculation law in a New Delhi court, and the watchdog must wait.

After the ​CCI this month gave Apple an ultimatum to submit its financials and scheduled a final hearing on May ‌21, ⁠the company has urged the Delhi High Court to urgently intervene to put the matter on hold.

The “commission’s decision to schedule a final hearing represents an escalation in its efforts to usurp the Hon’ble Court’s authority,” Apple said in the filing, in which it ​asked the court to ​hear the matter on ⁠May 15.

Apple and the CCI did not respond to Reuters queries.

The filing came in response to CCI’s April order, in which ​the watchdog said Apple had “been afforded adequate opportunities to file” its ​objections to ⁠the investigation report and has also “not submitted the requisite financial information.”

China’s Q2 smartphone shipments down 2.4%, says Counterpoint

The Indian case is among many Apple faces around the globe for alleged antitrust breaches. India is a key market for ⁠Apple ​where its iPhones have a 9% market share, compared ​to 4% two years ago, according to Counterpoint Research.

Apple has maintained it is a small player compared to ​Google’s Android, which is the dominant player in India.

Comments

200 characters remaining