Australia S Largest Bank Accuses Apple Of Leaning On Its Market Power
In his testimony, Comyn said while Apple may hold around 54% of the mobile phone market share in Australia, the Cupertino giant boasts around 80% market share when it comes to digital wallets in use. “The fact that a single provider could have 80% market share in an individual market is usually cause for concern, and this is a company – I’d be the first to say they make fantastic products – but this is a company [whose] market cap is double Australia’s gross domestic product, and certainly in the context of tax receipts, makes very little contribution to Australian government receipts,” Comyn told the Parliamentary Joint Committee on Corporations and Financial Services....