EU reportedly to fine Apple about €500m over music streaming
The record fine is expected to be announced early in March, says FT
18 February 2024 - 19:04
byChandni Shah
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Bengaluru — The EU is set to fine Apple about €500m over alleged breaches of EU competition law, the Financial Times reported on Sunday citing unnamed sources.
The record fine is expected to be announced early next month, the FT said.
Last year, the European Commission accused Apple of distorting competition in the music streaming market via App Store rules that prevent developers from informing users of other purchasing options.
Both the European Commission and Apple declined to comment on the FT report.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
EU reportedly to fine Apple about €500m over music streaming
The record fine is expected to be announced early in March, says FT
Bengaluru — The EU is set to fine Apple about €500m over alleged breaches of EU competition law, the Financial Times reported on Sunday citing unnamed sources.
The record fine is expected to be announced early next month, the FT said.
Last year, the European Commission accused Apple of distorting competition in the music streaming market via App Store rules that prevent developers from informing users of other purchasing options.
Both the European Commission and Apple declined to comment on the FT report.
Reuters
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