Apple Challenges India’s $38B Fine Threat

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Tech giant Apple has taken India’s antitrust regulator to court, challenging a new law that could expose the company to a colossal fine of up to $38 billion.

The core of the dispute centers on how penalties for anti-competitive behavior are calculated: based on revenue generated only in India, or on the company’s entire global earnings.

Apple has filed a 545-page petition with the Delhi High Court, seeking to have the 2024 amendment to India’s Competition Act declared illegal. The amendment, which came into effect last year, grants the Competition Commission of India (CCI) the authority to use a company’s worldwide turnover when calculating fines.

Under the new law ...