Apple (NASDAQ: AAPL) and Alphabet 's (NASDAQ: GOOG) (NASDAQ: GOOGL) Google control the smartphone market with their iOS and Android ecosystems. Within each operating system, both Apple and Google have virtual monopolies on the system's app store, with Apple's App Store dominating iOS and Google's Play Store dominating Android.
With this dominance has come scrutiny, including potential regulatory scrutiny from U.S. senators, who questioned the two big tech companies last week over their 30% commissions on app store revenue. The chair of the antitrust subcommittee, Amy Klobuchar, argued that it is a problem when these alleged monopolies charge high commissions but also build exempt competing apps to ones listed on their respective stores.
Two stocks that could benefit from antitrust regulation on the app stores are Spotify (NYSE: SPOT) and Match Group (NASDAQ: MTCH) . Here's why.
For further details see:
Antitrust Regulators Are Hounding Apple and Google: 2 Stocks That Could Benefit