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Apple Is In The Crosshairs Of The EU Yet Again, Could Be Fined More Than Half A Billion Dollars For Allegedly Stifling Its Music Competitors

NewsTech

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Apple could be fined $538 million by the EU

A complaint filed by Spotify back in 2019 is finally coming to bite Apple because the EU believes that the latter is using its power and leverage antitrust business practices to keep the competition at bay. Assuming the investigation checks out, the California-based giant will have to pay a fine of 500 million Euros, which converts into approximately $538 million. Spotify’s complaint stated that it had to raise its monthly subscription to cover the 30 percent fee that Apple charges to remain on its App Store The investigation from EU officials commenced nearly five years ago after Spotify stated that […]

Read full article at https://wccftech.com/apple-could-be-fined-538-million-by-the-eu-for-anti-trust-practices/

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