CMA Says Apple and Google Hold ‘Vice-Like Grip’ on Mobile Market
- U.K. watchdog finds they have a duopoly on mobile systems
- CMA concerned of less competition and choice for customers
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Alphabet Inc.’s Google and Apple Inc. hold a “vice-like grip” on the mobile phone market that makes it impossible for new entrants to make an impact.
That’s the main finding from the U.K.’s competition watchdog that’s investigating dominance in mobile systems and consumer choice. The Competition and Markets Authority said it’s concerned the “effective duopoly” could lead to customers missing out on new products and face higher prices than in a competitive market, according to the interim report published Tuesday.