Jump to content

UK regulator says Google and Apple have 'vice-like' grip on consumers


Recommended Posts

Reuters.pngEconomyDec 14, 2021


LONDON (Reuters) - Google (NASDAQ:GOOGL) and Apple (NASDAQ:AAPL) hold a "vice-like" grip over how people use mobile phones, stripping any meaningful choice from the system for customers, Britain's competition regulator said on Tuesday.

The Competition and Markets Authority said it had provisionally found that the two groups were able to leverage their market power to create largely self-contained ecosystems. An ability to determine which apps are available on their systems could also lead to higher prices, the CMA said.

The regulator has set its sights on big tech groups in the last year with the creation of a new Digital Markets Unit, and it most recently said Facebook (NASDAQ:FB) owner Meta would have to sell Giphy, the popular animated images platform it bought in 2020.

It said on Tuesday it would now consult on its initial findings about Apple and Google and would welcome responses by Feb. 7. It expects to issue a final report by June next year.

"Apple and Google have developed a vice-like grip over how we use mobile phones and we're concerned that it's causing millions of people across the UK to lose out," Andrea Coscelli, Chief Executive of the CMA, said.


The CMA's report set out a range of options that could address the issues it has identified, including making it easier for users to switch between Apple's iOS and Google's Android phones without losing functionality or data.

It is also looking at whether users could install apps through methods other than Apple's App Store or Google's Play Store.

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Sometime one way to avoid touching one's PF is to participate in these kind of event to earn some passive income and perharps use some the proceeds to invest more. I am not quite friendly with bot but will refer it to friend with a trading community where i also get signals. I will appreciate you also share the link to the announcement for more details
    • Despite the fact that i have my reservation on some meme coin; i feel attention could tilting towards BNB chain meme coins. HODL was bullish yesterday upon launch and i may also look into CATA for some market analysis and possible entry cos missing out on most of the Solana chain meme can not repeat itself again haha.
    • I still beleive Pepe is still a strong competitor for shib and after Doge they should be among the few meme coin to hodl but would appreciate your analysis on HODL a new meme coin on BNB chain that has hugely pumped yesterday on Pancakeswap and Bitget. Its mainnet launch and initial listing was also yesterday.
  • Create New...