Daily Newsletter

01 January 1970

Daily Newsletter

01 January 1970

Apple to reportedly face EU antitrust fine

In March 2024, the tech giant was fined $2.01bn for limiting competition in music streaming through its App Store policies.

November 06 2024

Tech giant Apple is expected to be fined under the European Union’s Digital Markets Act (DMA), Reuters reported citing sources familiar with the matter.

In June 2024, regulators charged that the iPhone maker had violated the EU’s tech regulations, marking the Commission’s first enforcement action under the Act.

Subsequently, in September, Apple received a warning from the EU to make its iPhone and iPad operating systems (OS) compatible with rival technologies or face potential fines under the Act. 

The impending fine, likely to be announced in November 2024,  would be another addition to Apple’s antitrust challenges in the EU, as regulators are seeking to create a more equitable environment for smaller companies.

The anticipated penalty comes as regulators prepare to address Apple’s restrictions that prevent app developers from directing users to more affordable options outside the App Store.

This development follows a substantial €1.84bn ($2.01bn) fine imposed on Apple in March 2024, for limiting competition in music streaming through its App Store policies.

The company is also under scrutiny for new charges levied on app developers.

Penalties for violating the Digital Markets Act could reach up to 10% of Apple’s global annual revenue.

The act mandates that Apple must permit users to choose their default web browser on iPads, allow third-party app stores, and enable accessory compatibility with iPad OS.

Apple has not commented on the matter, and the European Commission is yet to respond to inquiries.

The company also lost a recent court case in the EU, resulting in a €13bn back tax payment to Ireland.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close