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Apple fined nearly $2B by EU for abusing dominance of App Store

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The ruling came after a five-year investigation initiated by Spotify.
Apple was fined nearly $2 billion on Monday by the European Union for abusing its market dominance to harm music streaming apps and its customers.
The tech giant, which offers its own music streaming service, prevented rival companies from promoting alternative and cheaper products that could be found outside of Apple’s App Store, the top EU antitrust regulator said.
«For a decade, Apple abused its dominant position in the market for the distribution of music streaming apps through the App Store. They did so by restricting developers from informing consumers about alternative, cheaper music services available outside of the Apple ecosystem,» Margrethe Vestager, executive vice president in charge of competition policy at the European Commission, said in a statement on Monday.

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