Apple may be forced to pay $38 billion under India’s antitrust laws that allows it to go after a percentage of a company’s global revenue. The real fight is over leverage, and who has power.
India changed its competition law in 2024 to let regulators calculate penalties using a company’s global turnover rather than domestic revenue. That shift exposes Apple to a maximum penalty of up to 10% of its worldwide revenue for the last three fiscal years.
Apple filed a constitutional challenge in the Delhi High Court before any ruling in its ongoing antitrust case. Investigators previously accused Apple of abusive conduct in the Indian app market after complaints from Match Group and several Indian startups.
Continue Reading on AppleInsider | Discuss on our Forums
This story originally appeared on Appleinsider
