Apple, Google, and other tech firms may be in a bad situation as the U.S. Department of Justice endorsed a new antitrust bill that will prevent them from favoring their products over their competitors.
People wearing face masks look at a cellphone outside an Apple store during a May Day holiday in Shanghai on May 1, 2020. - With optimism and a heavy dose of caution, millions of Chinese hit the road or visited newly re-opened tourist sites on May 1 for an extended national holiday in a post-coronavirus confidence test.
Anti-competitive activities are still among the main problems that DOJ is trying to solve. The government agency has prevented this problem since it prevents small and medium-sized businesses (SMBs) from generating revenues.
Now, the Department of Justice decided to endorse a new antitrust bill that can prevent the anti-competitive behaviors of Apple and other tech giants.
Apple, Other Tech Firms To Face New Antitrust Bill
According to 9To5Mac's latest report, the antitrust bill that received the U.S. DOJ's endorsement was already introduced.
An illustration picture taken in London on December 18, 2020 shows the logos of Google, Apple, Facebook, Amazon and Microsoft displayed on a mobile phone with an EU flag displayed in the background. - The European Union on December 15 unveiled tough draft rules targeting tech giants like Google, Amazon and Facebook, whose power Brussels sees as a threat to competition and even democracy.
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The American Innovation and Choice Online act provides some restrictions against the tech giant firms to solve the current anti-competitive situation in the market.
One of its main goals is to prevent Apple from pre-installing its apps, such as Spotify, so that consumers can have a choice regarding the applications they want to use.
However, it can only do this if the antitrust bill moves forward and becomes law. Since the Department of Justice finally endorsed it, there's a high chance this could happen.
DOJ Says New Antitrust Bill Can Be Helpful
The Wall Street Journal reported that the latest endorsement of the U.S. Department of Justice marks the first full support of the Biden Administration for such a law.
"The Department views the rise of dominant platforms as presenting a threat to open markets and competition, with risks for consumers, businesses, innovation, resiliency, global competitiveness, and our democracy," said DOJ's Acting Assistant Attorney General Peter Hyun.
However, some officials oppose the new antitrust bill, saying that it can affect the sales of popular apps and other products. If you want to see more details about the new antitrust bill, you can visit this link.
In other news, Apple's iPhone SE will face a production decrease since the demand for this smartphone is further lessening.
Meanwhile, the iPhone maker ended Apple Pay's Mir support because of the ongoing conflict between Russia and Ukraine.
For more news updates about antitrust bills that can affect Apple and other tech firms, always keep your tabs open here at TechTimes.
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Written by: Griffin Davis
