<div id="readability-page-1"><p>India has given Apple (AAPL) a final warning as it moves closer to pushing ahead with a major antitrust case against the tech company. According to a confidential order from India's Competition Commission that was seen by <em>Reuters</em>, Apple has delayed responding to regulators for more than a year, which officials say has slowed down the investigation. It's worth noting that the case is about Apple's App Store and regulators' belief that the firm misused its dominant position. Apple has said it could face fines of up to $38 billion if India uses its global revenue to calculate penalties, a method Apple strongly disagrees with.</p><h3>Claim 70% Off TipRanks Premium</h3><ul><li>Unlock  hedge fund-level data  and  powerful investing tools  for smarter, sharper decisions  </li><li> Stay ahead of the market with  the latest news and analysis  and maximize your portfolio's potential</li></ul> <p>At the same time, Apple is fighting those penalty rules in the Delhi High Court by arguing that they are unfair. While that court case is still ongoing, Apple asked India's competition regulator to pause the entire antitrust case until the judges decide on the penalty issue. However, the Competition Commission refused and said that the investigation must continue. The regulator also noted that it asked Apple back in October 2024 to submit its objections and provide the financial information needed to calculate penalties, but Apple has repeatedly asked for more time instead.</p> <p>Because of those ongoing delays, the watchdog said that Apple's behavior is holding up the process and making it harder to bring the case to a close. As a result, regulators warned that they will move forward on their own if Apple does not respond by next week. However, the company sees this as an attempt to get ahead of the court case and likely will wait until judges hear the matter again on January 27. Interestingly, the dispute is part of a longer battle that began in 2022, when companies like Match Group (MTCH) and Indian startups accused Apple of unfair practices in the iOS app market.</p> <h2><strong>Is Apple a Buy or Sell Right Now?</strong></h2> <p>Turning to Wall Street, analysts have a Moderate Buy consensus rating on AAPL stock based on 19 Buys, 11 Holds, and two Sells assigned in the past three months, as indicated by the graphic below. Furthermore, the average AAPL price target of $299.69 per share implies 15.1% upside potential.</p></div>

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<p>Apple (AAPL) faces a potential $38 billion fine from India due to an antitrust case regarding its App Store practices. The Competition Commission of India has warned Apple to respond to regulators, as delays have hindered the investigation. Apple is contesting the penalty rules in court and has requested a pause on the case, which the regulator denied. Despite these challenges, analysts maintain a Moderate Buy consensus on AAPL stock, with an average price target of $299.69, indicating a 15.1% upside potential.</p>

- India is moving forward with an antitrust case against Apple due to delays in responses from the company regarding the App Store's alleged misuse of its dominant position.  
- Apple faces potential fines of up to $38 billion, which it contests in the Delhi High Court while requesting a pause on the investigation.  
- Regulators have warned that they will proceed with the case independently if Apple does not respond by next week, amidst ongoing disputes that began in 2022.

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Apple Stock (AAPL) Unfazed despite Potential $38 Billion Fine from India