11:14 AM EDT, 03/18/2025 (MT Newswires) -- (Updates with the company's response in the fourth paragraph.)

Apple ( AAPL ) lost an appeal of a decision that opens the company up to tighter German antitrust controls, Reuters reported Tuesday.

Germany's Federal Court of Justice let stand a 2023 designation of Apple ( AAPL ) as a "company of paramount cross-market significance for competition," Reuters reported.

The ruling subjects Apple ( AAPL ) to the same possible controls already imposed on Alphabet (GOOGL, GOOG) and Meta Platforms ( META ) , which are subject to measures restricting their market dominance, Reuters said.

"We disagree with the FCJ's decision today to uphold the FCO's designation, which discounts the value of a business model that puts user privacy and security at its core," an Apple ( AAPL ) spokesperson said in an emailed statement to MT Newswires, adding that the company remains committed to creating jobs and fostering competition wherever it operates.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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