They will look at the monopoly regulators Apple and Google’s “deadly death” in the phone industry

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The CMA pointed out that Apple made a global profit of £80billion in 2021 while the figure for Google was £57billion. It said: ‘Although high profits are not necessarily a concern in themselves, these supra-competitive returns are consistently above what would be expected in a properly competitive market.’ The watchdog said a year-long study ‘found that Apple and Google have an effective duopoly on mobile ecosystems that allows them to exercise a stranglehold over these markets, which include operating systems, app stores and web browsers on mobile devices’.

Apple and Google, according to watchdogs, have a “stranglehold” over mobile phone usage, websites, and apps. The Competition and Markets Authority is worried that IT giants are abusing their market power to extract billions of dollars from users while suffocating competition and innovation. It also intends to launch a full market investigation into the firms, with the goal of forcing them to adjust their business practises without the need for new legislation.

Highlights

  • ‘As good as many of their services and products are, their strong grip on mobile ecosystems allows them to shut out competitors, holding back the British tech sector and limiting choice. We all rely on browsers to use the internet on our phones, and the engines that make them work have a huge bearing on what we can see and do. Choice in this space is severely limited and that has real impacts – preventing innovation and reducing competition from web apps. We need to give innovative tech firms, many of which are ambitious start-ups, a fair chance to compete.’ The Government has announced plans to set up a digital markets unit to police tech firms. It would be given powers to clamp down on predatory practices and fine companies up to 10 per cent of their global turnover.

  • The Competition and Markets Authority has signalled concerns that the tech giants are exploiting their dominance to make billions from consumers while stifling competition and innovation. The Competition and Markets Authority has signalled concerns that the tech giants are exploiting their dominance to make billions from consumers while stifling competition and innovation Apple and Google (parent company Alphabet) are two tech giants that stand accused of exploiting their market dominance in mobile apps through their software platforms iOS and Android respectively to make ‘supra-competitive’ profits. Apple and Google (parent company Alphabet) are two tech giants that stand accused of exploiting their market dominance in mobile apps through their software platforms iOS and Android respectively to make ‘supra-competitive’ profits CMA chief executive Andrea Coscelli said: ‘When it comes to how people use mobile phones, Apple and Google hold all the cards.

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