Apple Inc. Chief Executive Officer Tim Cook will tell U.S. lawmakers probing his company’s market power that the iPhone maker’s App Store has opened the “gate wider” for developers and doesn’t stifle competition.
In a prepared opening statement for Wednesday’s hearing in the House antitrust subcommittee, the longtime Apple executive positions the Cupertino, California-based technology giant as a “uniquely American company” that does “not have a dominant market share in any market where we do business.” He cited Google, Samsung Electronics Co. and LG Electronics Inc. as examples of competitors in the smartphone market.
Cook is giving no ground on the company position. Tomorrow’s hearing won’t actually solve any of the issues in play but it will be interesting to see how the testimony is received by the House members from both sides of the aisle.
UPDATE: Here is the full text of Cook’s prepared statement for tomorrow.