India’s competition authority has withdrawn a report that found Apple abused its dominant position in the domestic market, a major U-turn in a high-profile investigation into the U.S. company.
The Competition Commission of India conducted an initial investigation this year and found that Apple had abused its influence over the distribution of digital products, Bloomberg reported, citing sources familiar with the matter.
However, the regulator is withdrawing its report on the investigation after Apple said it contained sensitive information and complained the regulator had shared commercial secrets with competitors such as Tinder owner Match.
The sensitive information in the report included sales figures for India, which the company has not made public.
Apple provided the information to the investigation and expected it to remain private.
“It is imperative that such information remains confidential so that there is no unauthorised disclosure,” the Competition Commission of India said in a four-page order signed by its four top officials.
Apple claims that it has low market dominance in India as most of the population uses Google’s Android system. However, the company has been expanding its manufacturing in the country as it seeks to reduce its dependence on China.
In 2023, Bloomberg reported that Apple produces nearly 7% of its iPhones in India, a significant jump from its estimated 1% production in 2021,
Apple said it plans to increase production in India increase by more than a factor of five to nearly $40 billion in the next four to five years.
“Indian regulator orders recall of Apple antitrust probe” was originally created and published by Pronunciationa brand of GlobalData.
The information on this site is included in good faith for general information purposes only. It is not intended to amount to advice on which you should rely and we make no representation, warranty or guarantee, express or implied, as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
