Apple and Google hold 'vice-like' grip on consumers, UK regulator warns about duopoly
UK competition regulator on Tuesday said Alphabet Inc’s Google [GOOGL] and Apple Inc [AAPL] hold a “vice-like” grip over how consumers use mobile phones, and users are losing out because of the companies’ “duopoly
By Arghyadeep Dutta
Published - Dec 14, 2021, 09:48 PM ET
Last Updated - Jul 09, 2024, 01:12 AM EDT
• CMA is looking into making it easier for users to switch between iOS and Android phones without losing functionality or data
• The British agency expects to issue a final report by June 2022
UK competition regulator on Tuesday said Alphabet Inc’s Google [GOOGL] and Apple Inc [AAPL] hold a “vice-like” grip over how consumers use mobile phones, and users are losing out because of the companies’ “duopoly.”
The Competition and Markets Authority (CMA) said it “provisionally found that Apple and Google have been able to leverage their market power to create largely self-contained ecosystems.”
