Apple is facing another antitrust lawsuit

Apple is facing another challenge on the antitrust front, with a class-action complaint from Affinity Credit Union over its Apple Pay service. The tech colossus has been confronted with an antitrust lawsuit that contends it leans too heavily on its supremacy in the mobile device market to “fend off competition from rival payment apps” and hit card issuers with fees to “boost its bottom line,” Bloomberg writes. Apple has faced many antitrust lawsuits and investigations from different regulators and international authorities.

  • The latest lawsuit notes iPhone users must rely on Apple Pay if they want to make a purchase with their phone in a store. Apple charges issuers 0.15% on credit card transactions and 0.05% on debit cards.
  • The Affinity suit notes that Apple Pay fees raked in US$1 billion for the company in 2019. That figure is expected to grow significantly in coming years, Affinity says.
  • Apple has agreed to settle a class-action lawsuit over MacBook keyboards for US$50 million. Customers complained that the “butterfly keyboards” used from 2015 through 2019 were too easy to damage.