EU Slaps Apple with $2 Billion Antitrust Fine in Spotify Case
The European Union fined Apple 1.84 billion euros ($2 billion) for impeding competition from music streaming rivals through App Store restrictions, following a complaint by Spotify, marking Apple's first EU antitrust penalty. Apple plans to appeal the decision, which the EU ordered it to comply with immediately. The fine, nearly four times what was expected, includes a basic penalty and a deterrent. Apple criticized the decision, while Spotify welcomed it but highlighted ongoing issues. The EU's order to remove App Store restrictions aligns with new tech rules, and Apple is also seeking to settle another antitrust investigation by opening its mobile payment systems to rivals.
- Apple hit with $2 billion EU antitrust fine in Spotify case, will appeal Yahoo Finance
- The European Commission Confirms, Apple's Anti-Competitive Behavior Is Illegal and Harms Consumers — Spotify For the Record
- Spotify's War on Apple Just Cost the Giant $2 Billion WIRED
- Apple gets squeezed by antitrust regulators on both sides of the Atlantic Yahoo Finance
- Apple Fined Nearly $2 Billion by EU Over Music-Streaming Apps Antitrust Case - WSJ The Wall Street Journal
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