Apple Escalates India Antitrust Clash, Seeks Urgent Court Block on CCI Probe

Apple urged Delhi High Court to halt India's Competition Commission (CCI) from demanding financials in an antitrust probe into iPhone app dominance, claiming overreach in a April 24 filing. The CCI, probing since 2024, set a May 21 final hearing and could levy fines up to $38 billion; Apple seeks an urgent May 15 court date while challenging penalty laws. In a market where iPhone share hit 9% from 4% two years ago, the intensifying spat boosts regulatory risks and short-term volatility for Apple shares amid global big tech scrutiny.