Stock Markets
Apple says US antitrust lawsuit should be dismissed

WASHINGTON (Reuters) – Apple (NASDAQ:) said Tuesday it plans to ask a U.S. judge to dismiss a lawsuit filed by the Justice Department and 15 states in March that alleged the iPhone maker monopolized the smartphone market, hurt smaller rivals and drove up prices.
In a letter to U.S. District Judge Julien X. Neals, Apple said “far from being a monopolist, Apple faces fierce competition from well-established rivals, and the complaint fails to allege that Apple has the ability to charge supra-competitive prices or restrict output in the alleged

smartphone markets.”
Apple said the complaint should be dismissed on a number of grounds.
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