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Apple Faces $38B Antitrust Risk in India Over App Store Disclosures

Apple Faces $38B Antitrust Risk in India Over App Store Disclosures

Author:

Global Cryptocurrency

Published:

2026-01-22 13:33:02

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BTCCSquare news:

Apple's legal showdown with Indian regulators intensified as shares edged up 0.39% to $247.65. The tech giant seeks to block demands for global financial disclosures in an App Store antitrust probe that could trigger penalties based on worldwide revenue—potentially reaching $38 billion under India's 2024 penalty framework.

The Delhi High Court will hear arguments on January 27 regarding the Competition Commission of India's investigation into alleged App Store dominance abuse. Apple's after-hours rally to $249.79 suggests investor confidence despite regulatory headwinds in one of its fastest-growing markets.

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