The United States Department of Justice (DOJ) has filed a landmark civil antitrust lawsuit against the tech giant Apple, alleging that the company has stifled competition to boost its revenues and illegally monopolize the US smartphone market.The 88-page suit was filed Thursday in a New Jersey federal court with 16 state and district attorneys general joining the DOJ.At issue is Apple’s most popular product, the iPhone, which is the linchpin of the company’s $2.7 trillion valuation. With more than a billion users, Apple has manipulated its share of the market to undermine competitors’ products and advantage its own, according to the DOJ.
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