Apple(US:AAPL) 智通财经网·2025-11-27 07:06Core Viewpoint - Apple is challenging India's new antitrust penalty law, which could impose fines up to $38 billion based on global revenue, marking the first legal challenge against this law since its implementation last year [1][2]. Group 1: Legal Challenge - Apple is contesting the legality of the Indian antitrust law that allows the Competition Commission of India (CCI) to calculate fines based on global revenue rather than just domestic revenue [1]. - The company argues that the penalty based on global revenue is arbitrary, unconstitutional, and disproportionately unfair [1]. Group 2: Background and Context - Since 2022, Apple has been involved in antitrust disputes with CCI, alongside companies like Match, the parent company of Tinder [1]. - A CCI investigation found that Apple holds a dominant position in the iOS app store market and has engaged in "abusive practices" [1]. - Apple denies any wrongdoing and is awaiting a final decision from CCI regarding potential penalties [1]. Group 3: Financial Implications - The potential maximum fine Apple faces, calculated at 10% of its average global service revenue for the fiscal year ending in 2024, could reach approximately $38 billion [1]. - Apple contends that penalties should be based solely on the revenue generated from the specific business unit in India that violated antitrust laws [2]. Group 4: Upcoming Proceedings - The court hearing for Apple's request is scheduled for December 3 [3].