DOJ to Announce Apple Antitrust Lawsuit Over iPhone on Thursday

The US Justice Department is preparing to announce an antitrust lawsuit against Apple Inc. Thursday, according to two people familiar with the matter.

The suit is expected to be filed in federal court in New Jersey, said one of the people, both of whom asked not to be named discussing a confidential matter.

Apple shares fell more than 1% to $176.72 at 9:34 a.m. in New York on Thursday. They had been down 7.2% this year through Wednesday’s close.

The move escalates the Biden administration’s antitrust fights against most of the biggest US technology giants. The Justice Department is already ...