Apple agrees to share India financials in antitrust probe
Apple will submit India financial data to the antitrust regulator after a probe found market abuse. This step moves the case closer to a penalty decision.
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Apple Inc agreed to submit local financial data to the antitrust regulator of India following an investigation into market abuse. The move ends a refusal by Apple to cooperate with the Competition Commission of India (CCI) as the iPhone's market share rose to 9%. This development accelerates a potential penalty decision in a market where Apple has rapidly expanded production.
