Apple Asks Indian Court to Block Antitrust Law Allowing $38 Billion Fine
Apple contests India’s $38B antitrust fine law, arguing penalties should reflect local revenue, not global turnover.
Matilda
Apple Asks Indian Court to Block Antitrust Law Allowing $38 Billion Fine
Apple Takes India to Court Over $38B Antitrust Law Apple is challenging a new Indian law that could expose it to massive antitrust fines, potentially reaching $38 billion. The dispute stems from the Competition Commission of India’s (CCI) ability to calculate penalties based on global turnover—a move Apple calls “arbitrary and unconstitutional.” The tech giant is now asking Delhi’s High Court to block the law and argue that fines should only reflect the Indian revenue of the units involved. Credits : Google The Law That Could Cost Apple Billions Last year, India passed a law granting the CCI authority to consider global revenue when penalizing companies for market dominance abuses. For Apple, this could translate to a staggering 10 percent of its worldwide revenue, amounting to roughly $38 billion. Apple claims that applying global turnover is "grossly disproportionate and unjust," emphasizing that it has only a small share of India’s smartphone market. Ongoing Antitrust Battle w…
