By Davide Angelini @Adobe Stock

Stefania Palma and Michael Acton of the Financial Times report that a landmark lawsuit by the FTC against Apple is the first big antitrust action against the iPhone maker. They write:

The US is suing Apple for allegedly using its power in the smartphone sector to quash competition from rivals and limit consumer choice, in the latest broadside against the dominant Big Tech companies from Joe Biden’s administration.

The move comes as Apple faces pressure from regulators, courts and rivals around the world over the way it runs the iPhone, putting its $85bn a year services revenue at risk. Apple shares were down 4 per cent. […]

This month the bloc’s Digital Markets Act also came into force, requiring the iPhone maker to make historic changes to its mobile ecosystem in Europe, opening it up to rival stores and payment methods.

Read more here.