“I’m telling you there is no merit to this case,” said Mad Money host Jim Cramer in reaction to the Justice Department’s antitrust lawsuit against Apple. Justice officials announced the lawsuit Thursday.
Cramer’s reaction reflects the opinion of most industry observers who see the weaknesses of the allegations it contains.
Apple is facing regulatory action across the world. The EU has already forced the company to make changes that open its platform. But the Department of Justice (DOJ) litigation is far more ambitious and aims at Apple’s control of the ecosystem — it’s an existential attack some say will require the courts to accept a redefinition of decades old antitrust law.
