Apple shares fall as US lawsuit alleges iPhone 'monopoly' violates antitrust rules | BBC News

The US government has launched a landmark lawsuit against Apple, accusing the tech giant of monopolizing the smartphone market and stifling competition. The Justice Department has alleged that the company is abusing its control of the iPhone app store to “lock out” customers and developers. The company is accused of taking illegal steps to thwart apps seen as a threat and make rival products less attractive. The lawsuit also alleges that Apple has used “certain shape-shifting rules” and restricted access to its own hardware and software to boost its profits, while raising costs for customers and stifling innovation. Apple has said it will “vigorously” defend the lawsuit and denies the claims. It's one of the biggest challenges for Apple, which has been fending off growing complaints about its practices in recent years. Clive Myrie presents BBC News at Ten with Michelle Fleury in New York. Subscribe here: http://bit.ly/1rbfUog

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