Justice Department sues Apple for allegedly monopolizing the smartphone market

The Justice Department sued Apple Inc. on Thursday for allegedly monopolizing the smartphone market.

Apple allegedly restricted developers of apps, products and services used on the iPhone that could otherwise lower costs for consumers, according to the lawsuit filed in New Jersey. The alleged monopoly allows Apple to extract more money from consumers, software developers, publishers and merchants, according to the lawsuit joined by 16 state and district attorneys general.

“We allege that Apple has consolidated its monopoly power not by making its own products better − but by making...