EU Launches Antitrust Investigation into Apple Supplier Corning
The European Commission is investigating whether Corning, a key Apple supplier, "may have abused its dominant position on the worldwide market for a special type of glass that is mainly used to protect the screens of handheld electronic devices, such as mobile phones." The investigation will examine potential anti-competitive exclusive supply agreements between Corning and mobile phone manufacturers.
By Blip Tech
1 min read
The European Commission has opened an antitrust investigation into Corning, a key Apple supplier, over concerns that the company may have abused its dominant position in the glass market for handheld electronic devices. The Commission is concerned that exclusive supply agreements between Corning and mobile phone manufacturers (OEMs) and companies that process raw glass ('finishers') may have affected competition by excluding rival glass producers from large segments of the market, reducing customer choice, increasing prices, and stifling innovation to the detriment of consumers worldwide.
