Apple's market value drops by $113 billion due to regulatory worries

Despite formerly being the most valuable corporation in the world, Apple's shares fell 4.1%, resulting in a $113 billion loss in market value and an 11% decline year-to-date. Investors are worried about possible fines and Apple Inc.'s market position as a result of regulators in the US and Europe keeping a tight eye on the company.

 In the US, Apple faces a new lawsuit, filed by the Justice Department and 16 state attorneys general, who allege violations of antitrust laws. On the other hand, in Europe, authorities are reportedly investigating whether Apple is adhering to the Digital Markets Act, raising further regulatory pressures on the company.

Apple’s encounter with regulatory scrutiny is not novel. Over the years, the company and its industry counterparts have faced allegations of monopolistic practices, profiting by stifling competition. However, as Apple’s products have become increasingly ubiquitous in daily life worldwide, regulatory authorities have grown more assertive in addressing concerns about its market power.

Apple’s recent 1.8 billion Euros or about $2 billion fine in the European Union for obstructing music streaming apps from informing users about cheaper alternatives underscores the heightened scrutiny since the implementation of the Digital Markets Act on March 7th.