Apple sued in wide-ranging iPhone monopoly case

An antitrust lawsuit filed against Apple by the US Justice Department on Thursday takes direct aim at the company's iPhone, could take years to play out, and force the tech giant to make changes in some of its most valuable businesses.

They include the iPhone, in which Apple reported more than $200 billion in sales in 2023; the Apple Watch, part of the company's $40 billion wearables business; and its profitable services line, which reported $85 billion in revenue.

"Consumers should not have to pay higher prices because companies violate the antitrust laws," Attorney General Merrick Garland said in a statement.