Apple reportedly facing first-ever EU fine over App Store rules

tech
Created 11/5/2024
Updated 11/5/2024

Apple is on the brink of becoming the first company fined under the European Union's Digital Markets Act (DMA) due to its "anti-steering" practices on the App Store, which reportedly stifled competition, according to Bloomberg. This follows a previous €1.84 billion fine in March after the EU Commission, prompted by a Spotify complaint, found Apple restricted developers from directing users to cheaper purchase options outside the App Store, a violation of the DMA. While the exact fine amount is unknown, the DMA allows for penalties up to 10% of a company's annual global revenue, potentially reaching USD38 billion based on Apple's last year's earnings. The fine could be announced soon, before EU competition head Margrethe Vestager's departure.

Original Article


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