EU Probe Finds That Big Tech Dominates Smart Device Sector
Law360 (June 9, 2021, 10:06 PM EDT) -- When it comes to the rapidly expanding Internet of Things, companies are finding it hard to compete with tech behemoths, like Apple and Google, who already have their only vertically-integrated "ecosystems" to operate on, the European Commission said Wednesday.
The commission has been soliciting feedback from across the bloc for almost a year now for its inquiry into the consumer market for the Internet of Things, a term for everyday items like phones, cars and air conditioner units that can connect to the internet.
Its preliminary findings reveal that competitors share the regulator's concerns about the gatekeeping power of Big Tech,...
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