According to unnamed sources cited in a recent Financial Times report, the European Union is set to announce a €500 million fine (approximately $539 million) against Apple.
A hot potato: In 2019, Spotify filed a complaint with the European Union, alleging that Apple was stifling competition in the music streaming industry through its App Store payment policies. After five years, Brussels appears poised to take action against Cupertino for violating EU antitrust laws.
According to unnamed sources cited in a recent Financial Times report, the European Union is set to announce a €500 million fine (approximately $539 million) against Apple for its alleged anticompetitive practices. This penalty, marking the first-ever fine imposed by Europe on Cupertino, is expected to be made public early next month, as per the sources. The fine is a result of the European Commission’s antitrust investigation into Apple’s conduct in the streaming market.
