Apple has been fined €1.8 billion by the EU for violating competition laws regarding music streaming.
The European Commission found that Apple had restricted streaming services from informing users of payment options outside the Apple app store, abusing its dominant position in the market for a decade.
Apple plans to appeal the decision, arguing there is no evidence of consumer harm. The fine stemmed from a complaint by Spotify, which objected to the restrictions and Apple’s 30% fee.
The European Union’s Digital Markets Act aims to promote competition in the tech sector and reduce the dominance of companies like Apple and Google. Companies have until later this week to comply with the new legislation or face hefty fines.
The DMA is expected to have a significant impact on how platforms operate within the EU, according to legal experts. Spotify and other companies have criticized Apple’s lack of compliance with the DMA, calling for stricter enforcement to ensure competitive digital markets.
#MaltaDaily