DOJ compares AAPL share buybacks with R&D spend as ‘evidence’ of lack of competition
A new report highlights what probably amounts the most most absurd stretch in the DOJ’s antitrust lawsuit. A section notes that Apple last year spent half as much on research and development (R&D) as it did on AAPL share buybacks, presenting this as ‘evidence’ of the lack of competition faced by the company.
It contrasts this with Google, whose R&D spend matched that of its share buybacks, suggesting this means the search giant faces greater competition …
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