Evercore Doubts DOJ Case Against Apple - MOSK: 04.17.2024
Mac OS Ken
Ken Ray
4.7 • 996 Ratings
🗓️ 17 April 2024
⏱️ 16 minutes
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| 0:00.0 | This is Mac OSKIN. |
| 0:08.8 | Evercore doubts the DOJ's Apple case. |
| 0:11.9 | The emulator space gets stranger and a brilliant idea for Apple Vision |
| 0:17.4 | Pro demos. It is Wednesday, the 17th of April, 2024. I'm Ken Ray and this is news from Maco-S Ken brought to you by |
| 0:29.6 | yours truly and supported by people like you patrons through Patreon. |
| 0:37.0 | Find out more in that your support at patreon.com slash Maco-S cat. |
| 0:46.8 | Evercore analyst Ahmed Daryanani |
| 0:48.8 | doesn't think the DOJ's case against Apple |
| 0:51.8 | is likely to succeed. |
| 0:54.0 | Apple 3.0, Ren part of a note he wrote on Tuesday looking at three regulatory issues lined up against |
| 1:00.8 | Apple. |
| 1:02.1 | The DOJ case against it. The DOJ case against it, the DOJ case against Google that couldn't end up costing Apple, and questions around the Cupertino Company's compliance with the EU's Digital Markets Act far away and across |
| 1:15.9 | the sea from here. When it comes to suing Apple, the evercourt analyst thinks the |
| 1:21.6 | Justice Department may have overreached. |
| 1:25.0 | According to his note, the case effectively alleges that Apple has an obligation to work |
| 1:29.8 | with rival software and hardware makers to make sure their products integrate more smoothly with the iPhone. |
| 1:37.0 | There is some Supreme Court case law here that supports Apple as they have already ruled in 2004 that businesses can't be sued under antitrust |
| 1:46.3 | law for not helping rival companies better compete against them. |
| 1:51.8 | Daryanani goes on to say that the Justice Department will have a hard time convincing a judge |
| 1:56.2 | that Apple both maintains a monopoly on smartphones and uses that monopoly in a way that results |
| 2:02.1 | in higher prices and hurts consumers. |
| 2:05.0 | Additionally, he expects the company to defend its walled garden |
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