Apple goes to High Court to avoid $38 billion fine in India; tells court: It is unconstitutional, grossly disproportionate and …
Apple is fighting India’s new antitrust penalty framework in Delhi High Court, warning that regulations allowing fines based on global turnover could expose the company to an unprecedented $38 billion penalty—potentially one of the largest corporate fines in history.The iPhone maker filed a constitutional challenge on November 25 against India’s 2024 Competition Act amendments, which…