Apple has agreed to provide India-specific financial information to India’s competition regulator as part of an ongoing antitrust case, Reuters reports. The Competition Commission of India (CCI) typically uses such data to determine the size of any penalty. A confidential CCI order indicates that Apple reached an agreement last month to supply its relevant financials. At a hearing on May 21, Apple’s lawyer requested a “final extension” until June 25 to submit the information, and the CCI granted the request.\n\nThe decision marks a reversal from Apple’s earlier position, when it refused to share the information. Apple argued the proceedings should pause while it challenges India’s revised antitrust penalty law, which would allow fines to be calculated based on a company’s global revenue rather than only local results. Apple has suggested that approach could expose it to fines of up to $38 billion.\n\nThe CCI rejected Apple’s request to hold the case, saying it needed India financials as a starting point and criticizing what it viewed as delay tactics. The antitrust complaint dates to 2021, and in 2024 the CCI concluded that Apple abused its dominant position in iPhone app distribution, including restrictions on developers’ use of third-party payment services.
Apple agrees to provide India financial data to antitrust regulator
Apple has agreed to provide India-specific financial information to India’s competition regulator as part of an ongoing antitrust case, Reuters reports. The Competition Commission of India (CCI) typic...
- Apple agrees to provide India-specific financial data to India’s antitrust regulator (CCI).
- The CCI uses the information to calculate potential penalties.
- Apple sought an extension to file the information until June 25, which the CCI granted.
- Apple previously refused to share the data while it challenged India’s antitrust penalty law that could base fines on global revenue.
- The underlying case started in 2021 and the CCI found in 2024 that Apple abused its dominant position in iPhone app markets, including limits on third-party payment services.
Apple has agreed to reveal its revenue in India so that the government can calculate how much it should be fined for antitrust violations. The company was found guilty of exploiting its dominant position in iPhone apps back in 2024, but the company initially refused to reveal financial data within the country. That potentially left it facing the world’s last largest antitrust fine of a massive $38 billion … more…
2 months agoApple has agreed to hand over financial data to India's competition regulator, in a move that could bring a years-long antitrust case significantly closer to a penalty decision. According to Reuters, a confidential Competition Commission of India (CCI) order showed that Apple last month agreed to supply its India-specific financials, which the watchdog typically needs to calculate potential fines. At a hearing on May 21, Apple's lawyer asked for a "final extension" until June 25 to file the information, and the CCI granted the request. The development is an important reversal for Apple, which had previously refused to provide financial information to the regulator. The company argued the case should be paused while it separately challenges India's revised antitrust penalty law, which allows fines to be levied against a company's global revenue rather than just local earnings, which could expose Apple to up to $38 billion in fines. The CCI repeatedly rejected that argument, saying it required only India financials to begin with and accused Apple of using the parallel court challenge to delay proceedings. Last month, a Delhi High Court judge directed Apple to cooperate with the investigation after the company sought to put the case on hold. The case dates back to 2021, when a coalition of complainants including Match Group, the owner of Tinder, and the Alliance of Digital India Foundation, which represents Indian startups, filed a complaint regarding App Store policies. The CCI concluded its investigation in 2024, finding that Apple had abused its dominant position in the market for iPhone apps and that the App Store was "an unavoidable trading partner" for developers, who were not permitted to use third-party payment services for in-app purchases. The case is unfolding as India becomes one of Apple's most consequential markets. The iPhone accounts for 9% of India's smartphone market, up from roughly 2% five years ago, and the company has significantly ramped up manufacturing in the country as part of its broader effort to reduce dependence on China.Tags: Apple Antitrust, IndiaThis article, "Apple Agrees to Hand Over Financial Data to India's Antitrust Regulator" first appeared on MacRumors.comDiscuss this article in our forums
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