The European Union is poised to levy a hefty fine of around 500 million euros ($539 million) against Apple for purported violations of EU competition law, as reported by the Financial Times. The fine, anticipated to be revealed in the coming weeks, follows accusations of Apple distorting competition in the music streaming market through restrictive App Store rules.
These rules prevent developers from informing users about alternative purchasing options. The European Commission, which brought forth these allegations against Apple last year, has refrained from commenting on the specifics of the FT report. Stay tuned for further updates as this story unfolds.
