Apple 'vehemently disagrees' with the U.S. House Judiciary Antitrust Subcommittee report saying that Big Tech companies like Apple exercise monopoly power over App Store.
The U.S. House Judiciary Antitrust Subcommittee has finally submitted its report on the recently concluded antitrust investigation into the practices of Big Tech companies like Apple, Google, Amazon, and Facebook. Its report said that companies like Apple exercises monopoly power over its platform, technology and products, such as the App Store in the case of the Cupertino-based tech giant.
The report of the U.S. House Judiciary Antitrust Subcommittee also concluded that big tech companies are the "types of monopolies" last experienced during the "the era of oil barons and railroad tycoons." Apple, however, disagreed with the assertion, saying that it does not exercise monopoly power over the App Store or any of their products, offerings or technology.
In a statement sent to MacRumors, Apple said it strongly disagrees with the conclusions reached in the U.S. House Judiciary Antitrust Subcommittee report in respect to the Cupertino-based company. Apple also said that it does not have a dominant market share in any of the categories where it conducts business, or exercise monopoly power in its App Store.
JUST IN: House Judiciary subcommittee on antitrust concludes after 16-month investigation into Apple, Amazon, Facebook and Google that the 4 companies enjoy monopoly power and suggests Congress take up changes that could result in parts of their businesses being separated (CNBC). — The Bias News (@thebias_news) October 6, 2020
Apple, in reaction to the U.S. House Judiciary Antitrust Subcommittee report where it concluded the Cupertino tech company exercise monopoly in the market and in its App Store, said that while scrutiny is appropriate and rational, they do not agree with the conclusions reached in the report with respect to Apple. "Our company does not have a dominant market share in any category where we do business. From its beginnings 12 years ago with just 500 apps, we've built the App Store to be a safe and trusted place for users to discover and download apps and a supportive way for developers to create and sell apps globally," Apple said in a statement.
#Apple enjoys monopoly power in the distribution of apps on #iOS devices via the #AppStore, the U.S. House Judiciary subcommittee on antitrust said in a report on Tuesday. https://t.co/38iK826P9G pic.twitter.com/I2r4d8p2kA — primo4k (@primo4k) October 7, 2020
The Cupertino-based company also said that the App Store hosts nearly two million apps as of today, and also met the strictest standards required for security, privacy, and quality. Apple made the statement to express its disagreement over the U.S. House Judiciary Antitrust Subcommittee report which concluded that Apple exercised monopoly over certain categories in the market and over its App Store.
The House Judiciary subcommittee on antitrust—the same panel that interviewed big tech CEOs recently—has released its (499 page!) report on recommendations for regulating Apple, Amazon, Google, and Facebook https://t.co/vqXK9vzWRz — Alex Heath (@alexeheath) October 6, 2020
"The App Store has enabled new markets, new services and new products that were unimaginable a dozen years ago, and developers have been primary beneficiaries of this ecosystem. Last year in the United States alone, the App Store facilitated $138 billion in commerce with over 85% of that amount accruing solely to third-party developers," Apple further said in the statement it sent to MacRumors. Apple indicated it plans to provide an in-depth repudiation of the U.S. House Judiciary Antitrust Subcommittee report which says it exercised monopoly over its App Store and to some degree in the market.
