Apple CEO Denies Monopoly Claims

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Apple 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.