Apple challenges potential $38B antitrust fine in India

Apple is seeking to invalidate a new Indian antitrust penalty formula that allows fines to be based on a company’s global turnover rather than its local revenue. Here are the details.

’Manifestly arbitrary, unconstitutional, grossly disproportionate, unjust’

As reported by Reuters, Apple has filed a constitutional challenge in the Delhi High Court targeting India’s 2024 antitrust penalty provisions, which could fine it up to $38 billion in an antitrust case involving the…