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The European Union is preparing to fine Apple about 500 million euros (about $539 million) for antitrust violations related to its App Store policies, the Financial Times reports. The fine is the first antitrust violation imposed on Apple by EU regulators.
Spotify complaints spell trouble for Apple The impending fine stems from an investigation launched in 2019 following complaints by music streaming service Spotify. The Swedish company claimed that Apple was using its control of the iOS App Store to take unfair advantage of its Apple Music streaming service.
Investigators focused on Apple’s rules that prevent app developers from informing users about cheaper subscription options outside of the App Store’s payment system. Apple charges developers up to a 30% fee for in-app purchases.
The EU is expected to announce fines in March, as well as a ban on controversial “anti-steering” clauses that regulators say stifle competition. The ban will prevent Apple from restricting music streaming apps like Spotify from steering customers into more lucrative subscription deals.
The EU’s executive body, the European Commission, will accuse Apple of violating EU rules aimed at ensuring fair competition in the single market, people told the FT. It’s planned. Regulators believe the tech giant abused its dominant position to impose unfair trading conditions on rivals, according to reports.
Second largest fine after Google The latest fine is the most significant antitrust penalty the EU has imposed on a major technology company, after the roughly 8 billion euros in fines imposed on Google for various antitrust violations in recent years. Become one of the things.
How it’s a headache for Apple, beyond the fines For Apple, the EU action threatens to further exacerbate compliance woes related to the EU’s new digital markets law regulating online platform giants. be. A wide-ranging bill that takes effect next month would place tighter restrictions on Apple and other technology “gatekeepers” seen as having too much power.
Apple introduced App Store changes last month aimed at responding to EU concerns ahead of looming regulations. Still, critics argued that the arrangement did not adequately open access or enable fair competition. Regulators are still considering whether the fixes go far enough.
The company faces additional antitrust investigations in the EU related to mobile payments and e-books. Apple claims its App Store policies provide a trusted platform that benefits both consumers and developers.
The iPhone maker can appeal the EU fine to a European court. But for now, the reported fines and bans are the strongest the Brussels city has ever taken against Apple, as regulators seek to loosen the company’s grip on the iOS app ecosystem. This will become an antitrust law.
Spotify complaints spell trouble for Apple The impending fine stems from an investigation launched in 2019 following complaints by music streaming service Spotify. The Swedish company claimed that Apple was using its control of the iOS App Store to take unfair advantage of its Apple Music streaming service.
Investigators focused on Apple’s rules that prevent app developers from informing users about cheaper subscription options outside of the App Store’s payment system. Apple charges developers up to a 30% fee for in-app purchases.
The EU is expected to announce fines in March, as well as a ban on controversial “anti-steering” clauses that regulators say stifle competition. The ban will prevent Apple from restricting music streaming apps like Spotify from steering customers into more lucrative subscription deals.
The EU’s executive body, the European Commission, will accuse Apple of violating EU rules aimed at ensuring fair competition in the single market, people told the FT. It’s planned. Regulators believe the tech giant abused its dominant position to impose unfair trading conditions on rivals, according to reports.
Second largest fine after Google The latest fine is the most significant antitrust penalty the EU has imposed on a major technology company, after the roughly 8 billion euros in fines imposed on Google for various antitrust violations in recent years. Become one of the things.
How it’s a headache for Apple, beyond the fines For Apple, the EU action threatens to further exacerbate compliance woes related to the EU’s new digital markets law regulating online platform giants. be. A wide-ranging bill that takes effect next month would place tighter restrictions on Apple and other technology “gatekeepers” seen as having too much power.
Expanding
Apple introduced App Store changes last month aimed at responding to EU concerns ahead of looming regulations. Still, critics argued that the arrangement did not adequately open access or enable fair competition. Regulators are still considering whether the fixes go far enough.
The company faces additional antitrust investigations in the EU related to mobile payments and e-books. Apple claims its App Store policies provide a trusted platform that benefits both consumers and developers.
The iPhone maker can appeal the EU fine to a European court. But for now, the reported fines and bans are the strongest the Brussels city has ever taken against Apple, as regulators seek to loosen the company’s grip on the iOS app ecosystem. This will become an antitrust law.
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