Apple CEO Tim Cook questioned whether his company should be considered a monopoly but believes the tech giant “should be scrutinized.”
During an interview aired on “CBS This Morning,” Cook said because of Apple’s size, “scrutiny is fair,” but he noted Apple doesn’t have a dominant position in any market to carry the monopoly label.
“If you look at any kind of measure about is Apple a monopoly or not, I don’t think anybody reasonable is going to come to the conclusion that Apple is a monopoly,” said Cook.
The Apple CEO also said he strongly disagrees with a plan by 2020 Democratic presidential candidate Elizabeth Warren to break up big tech companies such as Apple and Facebook.
“Some people would argue if you are selling a good, then you can’t have a product that competes with that good,” Cook told CBS. “That’s an argument that takes you down the path that Walmart shouldn’t be stocking an alternative or house brand. This is decades of U.S. law here.”
The interview follows Apple’s Monday keynote kicking off the Worldwide Developers Conference, during which the tech giant introduced iOS 13, the mobile operating system powering its popular iPhones.
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Also on Monday, a report from Reuters claimed the Justice Department may launch an antitrust investigation into Apple’s business practices. Last week, The Wall Street Journal reported a similar probe is being considered on Google.
Meanwhile, the House Judiciary Committee said it planned to launch a sweeping antitrust probe focused on “the market power held by giant tech platforms.”
The Associated Press contributed to this report. Follow Brett Molina on Twitter: @brettmolina23.