Spector Caldes & Corrigan (formerly known as Spector Roseman & Kodroff) has been appointed as interim Co-Lead Counsel for Indirect Purchaser Plaintiffs in an antitrust action against Apple, Inc.
The lawsuit alleges that Apple has used its dominance in the smartphone market to lock consumers into the iPhone ecosystem and charge inflated prices. By deliberately blocking competing technologies, limiting interoperability, and degrading services that connect with non-Apple devices, Apple has created barriers that make switching to other smartphones costly and difficult.
While Apple sells its iPhones for $1,000 or more per device, the bulk of its ongoing profits come from keeping consumers captive within its system. Plaintiffs allege that Apple pads its margins by extracting up to 30% from app developers and third-party services, charging fees on digital payments through Apple Pay, and restricting access to competing apps and features. The result is higher prices, fewer choices, and reduced innovation for millions of consumers.
The matter is currently pending before U.S. District Court Judge Julien Xavier Neals in the United States District Court for the District of New Jersey. If you purchased a new iPhone indirectly and not for resale between March 23, 2020 and the present, you may have overpaid because of the alleged scheme. For further information, or if you want to discuss your legal rights in the proposed class-action lawsuit, please email SCC partners Bill Caldes at bcaldes@scc.law or Jeff Spector at jspector@scc.law, or call our office at 215-496-0300.
