"EU Slaps Apple with Record €500 Million Fine for Antitrust Violations"

1 min read
Source: The Verge
"EU Slaps Apple with Record €500 Million Fine for Antitrust Violations"
Photo: The Verge
TL;DR Summary

Apple is reportedly facing a fine of over $500 million from the EU for allegedly stifling competition against Apple Music on the iPhone, following an investigation into a Spotify complaint. The issue revolves around Apple's restrictions on apps informing users about cheaper alternatives to Apple's music service and its efforts to keep apps and users within its App Store payments system. While the fine may seem substantial, it was originally proposed to be much larger, and Apple has faced similar charges in the past. Apple has not commented on the speculation, and the European Commission declined to comment, while Spotify did not respond.

Share this article

Reading Insights

Total Reads

0

Unique Readers

10

Time Saved

1 min

vs 2 min read

Condensed

62%

272103 words

Want the full story? Read the original article

Read on The Verge