Apple bows to CCI, agrees to share India financials in App Store antitrust probe
Apple has agreed to submit India-specific financial data to the Competition Commission of India in a long-running antitrust case over App Store billing practices, paving the way for a penalty ruling. The company now holds 9% of India's smartphone market, up from 2% five years ago, raising the stakes of a potential $38 billion fine.
What happened
Apple agreed to submit India-specific financials to CCI in long-pending antitrust case over App Store billing practices, moving closer to a penalty decision.
Key facts
- 9% smartphone share
- 2% five years ago
- $38 billion potential fine
- $113 million Google fine
- June 25 deadline
Why this matters
The CCI precedent on App Store billing tightens the regulatory perimeter for any platform-economics deal in India, raising diligence requirements around local revenue disclosure and antitrust exposure in partnership or M&A structures.