Apple escalates fight with India antitrust watchdog over access to global financials
Apple is challenging the Competition Commission of India (CCI) in court, accusing it of overstepping its authority by demanding access to the company's global financial data. The dispute centers on how potential antitrust penalties are calculated, with India's 2024 law allowing fines based on global turnover, which Apple argues could lead to a $38 billion penalty. Apple has asked the Delhi High Court to intervene and halt the CCI's proceedings, including a scheduled final hearing.
- ▪Apple has accused the Competition Commission of India of overstepping its judicial authority in an ongoing antitrust case.
- ▪The CCI's ability to base fines on global turnover under India's 2024 competition law could result in a $38 billion penalty for Apple.
- ▪Apple has requested the Delhi High Court to intervene and stop the CCI from proceeding with a final hearing on the matter.
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