Apple Fined €1.8 Billion by EU for Streaming Violations
March 10, 2024, 8:26 am
The European Commission has slapped Apple with a hefty €1.8 billion fine for violating streaming rules. The EU claims Apple abused its dominant position in the music market by not informing users of payment options outside the Apple app store. Margrethe Vestager, the enforcer, ordered Apple to remove all restrictions. Apple plans to appeal, denying any harm to consumers. The Digital Markets Act aims to promote competition and weaken tech giants' dominance. Spotify's complaint triggered the EU's scrutiny. Apple argues the decision ignores market realities. The legal battle with Epic Games led to these fees. Apple accuses Spotify of benefiting the most. Image Credit: Sami Abdullah; Pexels.