Justice Department files antitrust suit against Apple

News Snapshot:

The Justice Department filed a federal antitrust lawsuit against Apple (AAPL), alleging that the tech giant illegally maintains its dominance over its iPhone ecosystem by boxing out competing services from other companies. Apple said it would fight the lawsuit, which it said "threatens who we are and the principles that set Apple products apart in fiercely competitive markets. If successful, it would hinder our ability to create the kind of technology people expect from Apple." A victory for the US in this case "would also set a dangerous precedent, empowering government to take a heavy hand in designing people’s technology,"...