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Evening Standard
Evening Standard
Business
Daniel O'Boyle

$100 billion wiped off Apple's market value amid US Justice Department 'smartphone monopoly' lawsuit

Apple United States Department Lawsuit the US Department of Justice

As much as $100 billion was  wiped off of Apple’s market valuation today as its shares tumbled after the US Department of Justice sued the tech giant and claimed it had a “monopoly” on smartphones.

Shares in the iPhone maker fell by 3.8%, far enough to take $100 billion off the tech giant’s market cap. 

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