Apple Loses $113 Billion in Value After Regulators Close In
- US lawsuit accuses iPhone maker of violating antitrust rules
- Company also faces European probe over Digital Markets Act
Regulators on both sides of the Atlantic are training their eyes on Apple Inc., unnerving investors with fears over fines and threatening its market dominance.
In the US, the Justice Department and 16 attorneys general are suing the iPhone maker for violating antitrust laws. And in Europe, the company is said to be facing probes about whether it’s complying with the region’s Digital Markets Act.