Apple yields to CCI, will share India financials in App Store antitrust probe
Apple has agreed to submit India-specific financials to the Competition Commission of India in a long-running App Store billing antitrust case, paving the way for a penalty ruling. With iPhone share rising to 9% from 2% five years ago, India has become a critical growth market—and a potential fine could reach $38 billion.
Apple has agreed to submit India-specific financials to the CCI in a long-running antitrust case over App Store billing practices, moving the case closer to a penalty decision in a key growth market where iPhone share has hit 9%.
Why this matters
Apple has resisted disclosing India financials for years; this concession follows mounting CCI pressure and signals a climax in the four-year App Store billing probe in a market where iPhone share has quadrupled.
Retail-company signals steady at 1,822 over the last 90 days.