Apple’s capitalization fell by more than $100 billion due to regulatory claims
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Apple’s market capitalization fell by $113 billion in less than 24 hours after the US Department of Justice and 18 states yesterday filed antitrust lawsuit against the company. Apple’s quotes decreased by 4.1%, which ultimately reduced the corporation’s market value.
Back in December, Apple’s market cap amounted to $3 trillion, however, since the beginning of the year, quotes began to decline due to growing claims from the US and EU antitrust agencies. In 2024, Apple shares fell in price by a total of 11%, lowering the company’s capitalization to $2.6 trillion. According to estimates Bloombergthis is worse than the dynamics of the Nasdaq 100 and S&P 500 stock indices, which include Apple.
Yesterday’s lawsuit was the third antitrust lawsuit by the US Department of Justice against the company over the past 14 years. The last time this department sued Apple was in 2012. Then the lawsuit was related to increased prices for digital books. Yesterday, Apple already stated that they consider the lawsuit to be unfounded and intend to defend their innocence in court.
Why Google and European telecom operators complained about the exclusivity of iMessage – in the Kommersant article “Apple is required to be publicly accessible”.
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