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The EU is targeting Apple once again, potentially imposing a fine exceeding half a billion dollars over allegations of suppressing competition in the music industry

admin by admin
February 19, 2024
1 min read
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In 2019, Spotify filed a complaint against Apple, alleging antitrust practices.

Now, the EU is investigating, and if validated, Apple may face a €500 million fine.

Spotify claimed Apple’s 30% App Store fee forced a subscription hike, stifling competition.

The EU is expected to announce the fine in March, potentially accompanied by a ruling against Apple.

If Apple breached EU laws, it might be barred from preventing music services from advising users of better deals elsewhere.

Apple contends the complaint lacks merit, coinciding with its efforts to comply with the Digital Markets Act.

The potential fine, though significant, is a fraction of Apple’s substantial profits.

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