Apple has lost 1 trillion dollars in market value in one year

California. The problem of iPhone manufacturer Apple has not decreased. First, Apple was accused of harming consumers and small companies. After this allegation, the company has suffered a big shock in the stock market.
The US government has filed a lawsuit against the company for violating antitrust laws. The US Department of Justice and the attorney general of 16 states filed a lawsuit against Apple on Thursday, claiming that it had established a monopoly in the market. On the other hand, in Europe, the company is being investigated whether it is complying with the Digital Market Act there.

On Thursday, the share price of Apple fell by 4.1 percent. Due to this, the company has lost market capitalization worth about 1 trillion 13 billion dollars in one day. This is not the first time that Apple has come under investigation. The company has been accused of taking advantage of competitors by suppressing them. As the popularity of Apple’s products has increased worldwide and it has become a part of many people’s daily lives, the authorities are increasing their vigilance.