Apple Faces Potential $1 Billion Daily Fines for EU Antitrust Violations

EU Commission finds Apple's compliance with the Digital Markets Act insufficient, citing serious concerns over App Store practices.

Apple's recent changes to the App Store are deemed inadequate by the EU Commission.
The Digital Markets Act requires tech giants to allow third-party payment systems without additional fees.
Apple could face daily fines of up to 5% of its average daily turnover, approximately $1 billion.
The European Commission's competition chief emphasizes the seriousness of Apple's non-compliance.
Apple maintains that its policies are in line with the DMA and plans to engage with the EU Commission.