Latest news with #strategic market status
Yahoo
2 days ago
- Business
- Yahoo
Apple, Google Under Fire: UK Regulators Launch Bold Crackdown on Browser Monopoly
July 23 Britain's Competition and Markets Authority plans to designate Apple (NASDAQ:AAPL) and Google (NASDAQ:GOOGL) with strategic market status over their mobile ecosystems. The CMA's inquiry found markets relating to mobile internet browsers were not working well for consumers or businesses. Apple's Safari and Google's Chrome together dominate browsing on iPhones and Android handsets. A strategic market status designation would allow the CMA to impose interventions requiring firms to follow specific behaviours to protect fair competition. CMA chief Sarah Cardell said the measures would help UK app developers remain at the forefront of innovation and ensure users receive a world?class experience. The regulator highlighted opportunities for more innovation and choice. A final decision is due by Oct. 22, with roadmaps published for potential next steps. Google's senior director for competition, Oliver Bethell, called the move disappointing and unwarranted and warned against rules that could impede growth in the UK. Apple said it was concerned the proposed steps might undermine the privacy and security protections users expect. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
CNA
2 days ago
- Business
- CNA
Apple and Google face more UK antitrust scrutiny over mobile ecosystems
LONDON :Britain's competition regulator said it plans to designate Apple and Google with so-called strategic market status for their role in mobile ecosystems, as it steps up scrutiny of what it has described as their duopoly. The plans announced on Wednesday follows findings by an inquiry group at Britain's Competition and Markets Authority (CMA) that a number of markets relating to mobile internet browsers were not working well for consumers or businesses. Apple's Safari and Google's Chrome dominate the mobile browser market on iPhones and Android devices, respectively. A strategic market status (SMS) designation allows the CMA to impose interventions on a firm, such as requiring it to adhere to specific behaviour so as not to undermine fair competition. In Apple and Google's cases, they could be forced to offer more features and give users the option actively to choose their preferred mobile browser, if recommendations from the CMA's inquiry group are accepted. Both Apple and Google pushed back against the CMA's proposals, with Google calling the step "disappointing and unwarranted." "It is ... crucial that any new regulation is evidence-based, proportionate and does not become a roadblock to growth in the UK," Google's senior director for competition, Oliver Bethell, said. Apple said separately it was concerned that the new rules being considered would undermine the privacy and security protections expected by its users.
