Get App
Download App Scanner
Scan to Download
Advertisement

Apple Bows To Watchdog, Agrees To Submit India Financials In Antitrust Probe: Report

The development comes after a CCI investigation concluded in 2024 that Apple had abused its dominant position in the market for iPhone applications.

Apple Bows To Watchdog, Agrees To Submit India Financials In Antitrust Probe: Report
The complainants alleged that Apple's App Store policies, particularly its in-app payment system, restricted competition.
Photo by Thai Nguyen on Unsplash

Amid an ongoing antitrust investigation in India, Apple has agreed to submit the financial details of its local operations to the Competition Commission of India (CCI), marking a key step forward in the case, Reuters reported.

The case represents one of Apple's biggest regulatory challenges in India, a market that has become increasingly important for the company as it expands iPhone manufacturing and reduces its dependence on China.

ALSO READ: India Taps Apple, SBI, Mahindra Chiefs To Supercharge Its Export Push

Apple's presence in India has grown rapidly in recent years, with the iPhone's share of the country's smartphone market rising to around 9%, up from just 2% five years ago, according to Counterpoint Research.

A confidential CCI order reviewed by Reuters revealed that Apple has now agreed to submit its India-specific financial information, a key requirement for the watchdog to assess any potential penalties.

During a hearing on May 21, Apple's legal team sought a final extension until June 25 to furnish the data, a request that was subsequently approved by the regulator.

The development comes after a CCI investigation concluded in 2024 that Apple had abused its dominant position in the market for iPhone applications.

While Apple has denied any wrongdoing and said it would challenge the findings, the company had previously resisted sharing financial information, arguing that the matter should remain on hold while it contests India's revised antitrust penalty framework in court.

The complaint against Apple was originally filed in 2021 by several entities, including the Alliance of Digital India Foundation (ADIF), Match Group and a non-profit organisation.

The complainants alleged that Apple's App Store policies, particularly its in-app payment system, restricted competition and limited choices for app developers.

ALSO READ: 'Insane Bubble, Bigger Than 1999': Zoho's Sridhar Vembu Warns AI-Driven Tech Valuations Stretched

The CCI's investigation found that app developers were effectively compelled to use Apple's proprietary payment mechanism for in-app purchases, reinforcing the company's dominance in the ecosystem.

Apple, however, maintains that it remains a relatively small player in India's smartphone market, where Android-powered devices continue to dominate.

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search
Add NDTV Profit As Google Preferred Source