Apple agrees to share financial data with India’s antitrust regulators
Apple has agreed to provide financial details related to its India operations to the country’s antitrust regulator, marking a significant step forward in a long-running investigation into the company’s App Store practices, reports Reuters.
The case has become one of Apple’s biggest regulatory challenges in India, a market that has grown increasingly important to the company as it expands iPhone manufacturing beyond China. Apple’s share of India’s smartphone market has climbed from around 2% five years ago to about 9% today, according to data from Counterpoint Research.
