European Commission To Penalize Apple For Breaching Market Norms
The regulator is aiming to reign in the power of Big Tech companies
By: : Daniel
Update: 2024-11-06 05:15 GMT
European Commission To Penalize Apple For Breaching Market Norms
The regulator is aiming to reign in the power of Big Tech companies
The European Commission is set to penalize Apple under the Digital Markets Act (DMA) for breaching the bloc’s rules.
It could result in a fine of 10 percent of the company's global annual turnover, adding to the iPhone maker’s mounting antitrust troubles, as the European Union’s (EU) antitrust regulators attempt to level the playing field for smaller firms.
The move follows months after Brussels fined Apple 1.84 billion euros ($2.01 billion) in March for thwarting competition from music streaming rivals via restrictions on its App Store. It was the tech giant’s first-ever penalty for breaching the EU norms.
It is also being investigated for the new fees imposed on app developers.
The DMA, which came into force early this year, requires Apple to allow users to set the default web browser of their choice on iPads, permit alternative app stores on its operating system and allow headphones and smart pens to access iPad OS features.
Recently, the company lost a long-running court battle with the EU and was forced to pay 13 billion euros to Ireland in back taxes.