Apple has agreed to reveal its revenue in India so that the government can calculate how much it should be fined for antitrust violations.
The company was found guilty of exploiting its dominant position in iPhone apps back in 2024, but the company initially refused to reveal financial data within the country. That potentially left it facing the world’s last largest antitrust fine of a massive $38 billion …
The usual Apple antitrust battle, with a twist
Apple has faced antitrust legislation, competition regulator investigations, and lawsuits around the world. All of these essentially come down to the same issue: edge cases aside, the only way you can buy an iPhone app in most countries around the world is from the official Apple App Store.
That allows the company to set its own commission rates, and developers have no choice but to accept them if they want to offer their apps on iPhone. Many countries have held this to be an abuse of Apple’s dominant position in the market.
