Wednesday, May 26, 2010

Apple faces federal inquiries for allegedly abusing its power

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Signaling its rise to IT-heavyweight status, Apple now reportedly joins the ranks of companies such as Microsoft  and Intel  to face federal investigations for abusing market dominance,  reports The New York Times.

Specifically, Apple is the target of a Justice Department antitrust inquiry for abusing its dominance in the online music market -- as well as the target of a Federal Trade Commission inquiry into Apple's rules for developers of iPhone apps, according to report.

The Justice Department is investigating the allegation that Apple is improperly coercing music labels not to participate in's "MP3 Daily Deal" program, through which the online merchant would have exclusive access to new music releases, according to The New York Times. Apple is said to have punished the labels that participated in the program by refusing to market their songs on iTunes.

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