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  • Writer's pictureBy The Financial District
    • Feb 20
    • 1 min read

EU Anticipated To Impose 500 Million Euro Fine On Apple

The European Union is expected to levy a fine of approximately 500 million euros ($539 million) against Apple for alleged violations of EU competition law.


The imposition of the fine on Apple is anticipated to occur early next month. I Photo: Apple



The anticipated fine stems from accusations made by the European Commission regarding Apple's conduct in the music streaming market, where it was accused of distorting competition through App Store rules that restrict developers from informing users about alternative purchasing options.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

The Financial Times reported this development with Reuters also covering the news.


The imposition of the fine is anticipated to occur early next month. This move underscores the EU's ongoing efforts to address antitrust concerns and ensure fair competition within the digital market space.




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