Apple CEO Denies Monopoly Claims, Reiterates Privacy Focus

, Apple CEO Denies Monopoly Claims, Reiterates Privacy FocusApple is being accused of using monopoly tactics in the App Store, favoring its own services and increasing revenue with a 30% cut on all sales made by developers, but as far as CEO Tim Cook is concerned, this is not the case.

Cook addressed the claims in an interview with Norah O’Donnell of CBS News, pointing out that while being scrutinized by the government is the correct approach, Apple doesn’t “have a dominant position in any market.”

“We are not a monopoly,” Apple’s CEO said.

Focus on privacy

Cook went on to respond to criticism regarding the App Store, which was described by many as one of the weapons the Cupertino-based tech giant uses as part of its monopolistic strategy.

Presidential candidate Sen. Elizabeth Warren recently called for Apple to break up the App Store, while a lawsuit filed this week accused the company of violating competit… (read more)

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