Apple Faces EU’s First-Ever Fine Under Digital Markets Act
The European Commission plans to penalize Apple for anti-competitive App Store practices, marking the first use of the EU's Digital Markets Act against a tech giant.
- Apple is set to receive a fine for allegedly breaching the EU's Digital Markets Act by restricting developers from promoting cheaper deals outside its App Store.
- The potential penalty could be as high as 10% of Apple's global annual revenue, translating to tens of billions of dollars.
- This marks the first time the EU will enforce the Digital Markets Act, aimed at ensuring fair competition by regulating large tech companies.
- Apple has made changes to its App Store policies, but regulators argue these do not fully comply with DMA requirements.
- The European Commission's decision on the fine is expected soon, possibly before the current competition commissioner leaves office.