India speeds up progress on Apple antitrust case, fine could reach $38 billion

Due to Apple's failure to submit relevant data in an anti-monopoly case, Indian regulatory authorities are expediting the decision on imposing fines on the company, with a final hearing scheduled for next month. India introduced a new anti-monopoly regulation in 2024, and Apple could face fines of up to $380 billion, with the company filing a lawsuit in November last year.