The European Union has levied a hefty €1.8 billion fine against Apple for violating regulations governing music streaming.
Following an investigation, the European Commission found Apple guilty of breaching antitrust laws by restricting app developers from informing users about alternative payment options outside of the Apple app store, particularly affecting music streaming services like Spotify. This restrictive practice, coupled with Apple’s imposition of a 30% commission fee on in-app purchases, was deemed an abuse of its dominant market position.
Triggered by a complaint from Spotify, the European Commission’s decision, spearheaded by Margrethe Vestager, concluded that Apple’s actions over the past decade have stifled competition and innovation, ultimately harming consumers by limiting choice.
As part of the ruling, Vestager has mandated Apple to lift these restrictions and refrain from similar practices in the future. However, Apple has announced plans to appeal the decision, contending that it lacks justification and may impede innovation and investment within Europe.
Apple fined $2 billion in EU for preventing rival music streaming services from telling iPhone users about cheaper subscription options. https://t.co/ulPDwt8vRM
— CNN (@CNN) March 4, 2024
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