Apple Inc. Chief Executive Officer Tim Cook will tell U.S. lawmakers probing his company’s market power that the iPhone maker’s App Store has opened the “gate wider” for developers and doesn’t stifle competition.
In a prepared opening statement for Wednesday’s hearing in the House antitrust subcommittee, the longtime Apple executive positions the Cupertino, California-based technology giant as a “uniquely American company” that does “not have a dominant market share in any market where we do business.” He cited Google, Samsung Electronics Co. and LG Electronics Inc. as examples of competitors in the smartphone market.
