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US files monopoly lawsuit against Apple

The US Justice Department and 16 states on Thursday accused tech giant Apple of using exclusionary business practices to sustain the monopoly of its flagship product, the iPhone.

Apple posts all-time high quarter sales at $124 bn

According to Counterpoint Research, Apple's global smartphone shipments grew 18 per cent YoY to reach a record 237.9 million units in 2021 due to strong performance by the iPhone 12 series. Apple also grew in key markets such as the US, China, Europe and India.