🍏 Apple, in its latest letter to a federal judge, has denied being a tech industry "monopolist" and insists it faces "fierce competition". The company is defending against a U.S. antitrust lawsuit, which accuses Apple of restricting third-party access and designing products to "lock in" users. 📱💼
Apple argues that its so-called anticompetitive behavior is just making independent decisions about the terms for third-party access to its platform. The company also counters the claim of a smartphone monopoly, pointing to strong competition from Google and Samsung. 🥊📲
The lawsuit's implications for the crypto world? Apple's restrictions on fiat-only payments have impacted the use of cryptocurrencies in iOS apps. The company's 30% fee, known as the "Apple Tax", makes it financially unfeasible for crypto apps to offer in-app purchases. 💰🔒
What do you think of Apple's defense? Is it a tech industry "monopolist" or just a company making independent decisions? Let's discuss in the comments! 👇🗨️ #DeFi #Web3 #Technology