UK Watchdog Shuts Down Probes into Apple and Google App Stores 

3D printed logos of Apple and Google are pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. (Reuters)
3D printed logos of Apple and Google are pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. (Reuters)
TT

UK Watchdog Shuts Down Probes into Apple and Google App Stores 

3D printed logos of Apple and Google are pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. (Reuters)
3D printed logos of Apple and Google are pictured on a keyboard in front of binary code in this illustration taken September 24, 2021. (Reuters)

Britain's competition watchdog has closed its existing investigations into Apple and Google's respective app stores, awaiting new laws governing digital markets.

The tech giants have faced scrutiny around the world over the dominance of their respective App Store and Google Play store platforms, which critics say impose unfair charges on app developers and limit competition.

In 2022, the Competition and Markets Authority (CMA) published a market study of mobile ecosystems in Britain, which found Apple and Google held an effective monopoly over the distribution of apps in Britain.

The body subsequently launched parallel investigations into both companies for alleged anticompetitive behavior.

But in a statement published on Wednesday, the CMA said it had dropped both probes, pending the roll-out of the Digital Markets, Competition and Consumers Act (DMCCA), which is expected to come into force later this year.

"Once the new pro-competition digital markets regime comes into force, we’ll be able to consider applying those new powers to concerns we have already identified through our existing work," said Will Hayter, Executive Director for Digital Markets at the CMA.

A Google spokesperson said its Android operating system had always allowed flexibility and choice not found on other platforms, including multiple app stores.

"We have engaged with the CMA over the course of many months during their investigation. As part of this, we made a number of significant commitments to further broaden the billing options available to developers through Google Play," they said.

Apple did not immediately respond to a request for comment.



India to Offer $4-$5 Bln in Incentives for Electronics Production, Weaning Off China

A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
TT

India to Offer $4-$5 Bln in Incentives for Electronics Production, Weaning Off China

A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole
A social media influencer uses a phone on the day of the unveiling of Hyundai IONIQ 9, a three-row electric SUV during a Hyundai event in the Hollywood Hills in Los Angeles, California, US, November 20, 2024. REUTERS/Daniel Cole

India will offer up to $5 billion in incentives to companies to make components locally for gadgets from mobiles to laptops, two government officials said, in a bid to bolster the burgeoning industry and wean off supplies from China.
India's electronic production has more than doubled in the last six years to $115 billion in 2024, led by growth in mobile manufacturing by global firms such as Apple and Samsung. It is now the world's fourth-largest smart phone supplier.
But the sector faces criticism for its heavy reliance on imported components from countries such as China.
"The new scheme will incentivize production of key components like printed circuit boards that will improve domestic value addition and deepen local supply chains for a range of electronics," one of the two officials said.
The incentives are likely to be offered under a new scheme expected to be launched in two to three months, said the officials, who asked not to be identified as details of the scheme are not yet public.
The scheme is likely to offer incentives totaling between $4-$5 billion to global or local firms which qualify, Reuters reported.
The plan, designed by the India's electronics ministry, has identified components eligible for incentives and is in its final stages.
The finance ministry will approve the scheme's final allocation soon, the first official added, with the sources expecting it to be launched in the next 2-3 months.
India's electronics ministry and finance ministry did not immediately respond to requests for comment.
India is aiming to expand its electronics manufacturing to $500 billion by the fiscal year 2030, including production of components worth $150 billion, according to the government's top policy think tank Niti Aayog.
India imported electronics, telecoms gear, and electrical products worth $89.8 billion in the fiscal year 2024, with more than half sourced from China and Hong Kong, according to an analysis by private think tank GTRI.
"This scheme is coming at a time when it is critical to promote component manufacturing that will help us aim for a global-scale of electronics production," Pankaj Mohindroo, head of India's Cellular and Electronics Association, said.