Apple(US:AAPL) 3 6 Ke·2026-01-09 02:19Core Viewpoint - Apple is contesting an antitrust penalty law in India that calculates fines based on global revenue, arguing it poses excessive financial risk, potentially amounting to $38 billion based on the average global service revenue over the past three fiscal years [1][2]. Group 1: Antitrust Law and Penalties - The Indian Competition Commission (CCI) is investigating complaints from startups and Match Group, alleging that Apple engages in "abusive behavior" by forcing developers to pay high commissions for in-app purchases [1]. - The new antitrust law introduced in India in 2024 allows the CCI to impose fines based on a company's global revenue rather than just its revenue within India, aiming to enhance deterrence against violations [1][2]. - Apple filed a lawsuit in the Delhi High Court in November 2025, seeking to overturn the law, claiming that the maximum penalty risk could reach $38 billion if calculated at 10% of its global service revenue [1]. Group 2: Legal Proceedings and Arguments - The CCI stated that using only domestic revenue for penalty calculations would not effectively deter violations, especially for global digital companies [2]. - Apple accused the CCI of retroactively applying the new law in an unrelated case, asserting that this application was illegal [2]. - The CCI denied Apple's claims, stating that it has always had the authority to impose fines up to 10% of a company's revenue, and the new law merely clarifies the definition of revenue [2][3].