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Apple fined nearly $2 billion by the European Union over music streaming competition

  • The EU fined Apple nearly $2 billion for favoring its music streaming service, restricting rivals like Spotify from informing users about cheaper payment options.
  • Apple was accused of behavior impacting millions of consumers over a decade, leading to inflated music streaming prices.
  • The EU's decision is a result of a long-standing feud between Apple and Spotify, with Apple contesting the penalty while Spotify welcoming the fine.
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The European Commission fined Apple 1.8 billion euros for preventing app developers from telling users about other ways to pay outside the App Store, according to Bloomberg.

·Riga, Latvia
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  • 38% of the sources are Center
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Forbes broke the news in United States on Monday, March 4, 2024.
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