The United States Department of Justice has filed a lawsuit against Apple, considering that the technology company has created a monopoly on the telephone market with the iPhone that harms consumers, developers and rival companies. After hearing this news, the company's shares fell more than 3% on Wall Street. Prosecutors estimate that the Apple firm's anticompetitive practices extend beyond its smartphone and Apple Watch businesses, and include Apple's advertising, browser, FaceTime and news offerings. «Each step in Apple's course of conduct built and reinforced the moat around its smartphone monopoly,» the lawsuit filed in the District of New Jersey states. The court also alleges that to keep consumers buying iPhones, Apple has moved to block cross-platform messaging apps, limited the compatibility of third-party wallets and smart watches, and discontinued non-App Store programs and apps. cloud streaming services.