U.S. senators criticize Apple for not testifying on antitrust concerns
- Wall Street ends volatile week sharply higher
- Disney (DIS) Dips As Streaming Business Shows Signs of Slowing Down, Analysts 'Very Bullish' on LT Opportunity
- Airbnb (ABNB) Bookings Up 52% to Help Sales Beat, Seen as a 'Blow Out Quarter' as More Upside is Left
- DoorDash (DASH) Reports Bigger Loss and a Sales Beat, Shares Soars on Strong Guidance and Two Upgrades to 'Buy'
- Coinbase (COIN) To Add Dogecoin Trading in the Next Few Weeks
FILE PHOTO: The Apple Inc. logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar/File Photo
News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.
By Paresh Dave
(Reuters) - Apple Inc is refusing to testify at an upcoming U.S. Senate subcommittee hearing on competition issues related to mobile app stores, the bipartisan leaders of the panel said on Friday.
App makers long have accused Apple's App Store for iPhones and iPads, along with Google's Play store for Android devices, of engaging in anticompetitive behavior by requiring certain revenue sharing payments and setting strict inclusion rules. A subcommittee hearing was being planned for late April but no date has been set yet.
Senators Amy Klobuchar, a Democrat, and Mike Lee, a Republican, said they wrote to Apple Chief Executive Tim Cook on Friday urging the company to reconsider.
"A little more than two weeks before the planned hearing, Apple abruptly declared that it would not provide any witness," the letter said. "Apple's sudden change in course to refuse to provide a witness to testify...is unacceptable."
Apple did not respond to a request for comment.
Apple and game maker Epic Games are scheduled to square off on those issues in a federal trial beginning May 3 in California.
Google has agreed to testify at the subcommittee hearing, a spokeswoman for Klobuchar said. The company did not have immediate comment.
(Reporting by Paresh Dave; Editing by Marguerita Choy)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- U.S. administers 268.4 million doses of COVID-19 vaccines - CDC
- India's daily COVID-19 deaths near 4,000 as WHO flags concern
- Delayed 2nd Pfizer/BioNTech shot boosts antibodies in elderly; COVID-19 obesity risk higher for men
Create E-mail Alert Related CategoriesPolitics, Reuters
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!