BR100 Decreased By (-0.08%)
BR30 Increased By (0.08%)
KSE100 Decreased By (-0.11%)
KSE30 Decreased By (-0.2%)
AGHA 7.53 Decreased By ▼ -0.10 (-1.31%)
BECO 5.11 Decreased By ▼ -0.46 (-8.26%)
BML 58.30 Decreased By ▼ -1.44 (-2.41%)
BOP 34.58 Increased By ▲ 0.18 (0.52%)
CNERGY 13.68 Increased By ▲ 0.57 (4.35%)
CSIL 6.30 Decreased By ▼ -0.11 (-1.72%)
FCCL 57.55 Decreased By ▼ -0.51 (-0.88%)
FFL 16.50 Increased By ▲ 0.27 (1.66%)
FNEL 1.20 Decreased By ▼ -0.01 (-0.83%)
KEL 7.36 Decreased By ▼ -0.07 (-0.94%)
KOSM 5.98 Decreased By ▼ -0.05 (-0.83%)
LOTCHEM 27.51 Decreased By ▼ -0.16 (-0.58%)
MLCF 101.93 Decreased By ▼ -0.82 (-0.8%)
NBP 203.29 Decreased By ▼ -1.77 (-0.86%)
NCPL 60.47 Increased By ▲ 0.84 (1.41%)
NPL 69.80 Increased By ▲ 1.24 (1.81%)
OGDC 318.48 Decreased By ▼ -0.44 (-0.14%)
PACE 11.12 Increased By ▲ 0.07 (0.63%)
PAEL 42.86 Decreased By ▼ -0.24 (-0.56%)
PIBTL 16.72 Increased By ▲ 0.09 (0.54%)
PPL 230.62 Increased By ▲ 1.17 (0.51%)
PRL 76.73 Increased By ▲ 5.93 (8.38%)
PTC 71.18 Increased By ▲ 0.18 (0.25%)
SSGC 27.10 Decreased By ▼ -0.31 (-1.13%)
TBL 10.28 Decreased By ▼ -0.03 (-0.29%)
TELE 8.56 Increased By ▲ 0.03 (0.35%)
TPL 23.59 Increased By ▲ 0.53 (2.3%)
TPLP 15.45 Decreased By ▼ -0.31 (-1.97%)
TREET 24.51 Decreased By ▼ -0.20 (-0.81%)
TRG 60.09 Decreased By ▼ -0.20 (-0.33%)
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