EU Slaps Apple with Record $2 Billion Fine for Antitrust Violations

1 min read
Source: The Verge
EU Slaps Apple with Record $2 Billion Fine for Antitrust Violations
Photo: The Verge
TL;DR Summary

Apple has been fined €1.84 billion by the EU for violating antitrust rules with its App Store policies, which prevented music streaming app developers from informing iOS users about cheaper subscription services available outside of the App Store. The investigation, prompted by a complaint from Spotify, found that Apple's restrictions on communication and marketing deals were illegal. Apple is also facing criticism for its upcoming app distribution rules under the Digital Markets Act, with Spotify and other companies expressing concerns about stifling developers' businesses. This fine marks the first EU penalty against Apple and comes amidst ongoing scrutiny of its App Store policies and NFC restrictions on the iPhone.

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