![]() “Apple does not have a dominant market share in any market where we do business,” his testimony reads. The longtime Apple employee, who took over the CEO role from Steve Jobs in 2011, argues that the smartphone market is rife with competition from companies like Samsung, LG, Huawei and Google. The hearing - the culmination of a 13-month bipartisan investigation of the market power of digital platforms and whether that market power violates antitrust laws, which are designed to guarantee competition and protect consumers from harm - will be a historic affair.īut questions remain as to whether lawmakers will stick to questions about antitrust or branch out into other lines of inquiry not related to antitrust, such as online disinformation, data privacy, or perceptions of anti-conservative bias on social media. “We’ve invested over $90 billion over the last five years.” “At the end of 2019, our R&D spend had increased almost 10 times over 10 years, from $2.8 billion to $26 billion,” Pichai will say. Pichai also will highlight the company’s key role in developing advanced technologies - artificial intelligence, quantum computing, self-driving cars among others - that both Republicans and Democrats see as vital to sustaining American power against China’s growing might. “I am deeply proud that because of our tools, businesses on Main Street can compete in a way that wasn’t possible 20 years ago, including globally,” Pichai plans to say. Cicilline believes the companies possess the means and incentive to undercut competitors, and should be subject to greater antitrust scrutiny.įor that reason, the prepared testimony signals a common strategy among the executives: A strong defense, albeit a respectful one, is the best offense. David Cicilline, D-R.I., who is skeptical of those claims. The four men face off with a subcommittee chairman, Rep. The executives also will frame their companies as the product of American ingenuity and essential to the country’s dominant position in the global economy. In testimony released ahead of the noon hearing before the House Judiciary Subcommittee on Antitrust, Commercial and Administrative Law, Amazon’s Jeff Bezos, Apple’s Tim Cook, Facebook’s Mark Zuckerberg and Google’s Sundar Pichai argue their platforms do not hold dominant positions in their respective markets, and that they are good for consumers. ![]() economy in ways that smaller companies cannot. The chief executives of Amazon, Apple, Google and Facebook will seek to convince a House panel Wednesday that their companies face stiff competition, do not wield too much power, and ultimately benefit the U.S.
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