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Apple filed a lawsuit against the competition commission of india over how the body uses global turnover when calculating fines. Apple executives have held talks with the indian officials in recent months to tweak the law as it fears the current legislation could hamper its future growth, said the sources. Apple is challenging a new india antitrust law that allows penalties based on global turnover
The company says the rule could create huge fines and is unfair The real fight is over leverage, and who has power. Indias competition regulator is also looking into apples app and payment rules
The case has become an important moment in indias tech and competition space, with a court hearing coming soon.
Apple is seeking to invalidate a new indian antitrust penalty formula that allows fines to be based on a company’s global turnover. News technology tech why apple is challenging legality of cci’s antitrust penalty rules in delhi high court why apple is challenging legality of cci’s antitrust penalty rules in delhi high court based on apple’s average global turnover from all its services globally for three fiscal years up to 2024, the tech giant told the court its maximum penalty exposure at the rate of 10 per cent. Apple may be forced to pay $38 billion under india's antitrust laws that allows it to go after a percentage of a company's global revenue
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