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In a court filing, Apple called the proposed injunction a"draconian and punitive intrusion" into its business that wouldhurt consumers and competition, and was "wildly out ofproportion" to the harm it was meant to address.
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Unfortunately, it seems that Apple is going to have to start splashing the cash around Washington. Â This is a seemingly ignorant and prejudicial anti-trust judgement, and the remedies are particularly galling. Â Apple should fight this to the end.
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The television industry is closely watching the case to see whether it could disrupt the traditional TV model. The TV industry sees the service as a threat to its ability to control subscription fees and generate advertising income, its two main sources of revenue.
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Law enforcement agencies in the United States and around the world have expressed concerns that digital currencies, which are not tied to any particular government, are emerging as vehicles for hackers, cyber criminals and drug dealers to launder money.