Apple hit with landmark $2 billion EU antitrust fine

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Apple hit with landmark $2 billion EU antitrust fine
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The European Union has fined Apple €1.84 billion ($2 billion) for breaking its competition laws.

The European Union has fined Apple €1.84 billion for breaking its competition laws. The bloc announced Monday that it would impose the fine — its first-ever antitrust penalty on the US tech giant — for preventing rival music streaming services such as Spotify from telling iPhone users that they could find cheaper ways to subscribe outside of Apple’s app store.

The European Commission opened a formal antitrust investigation into Apple in 2020 after Spotify lodged a complaint against Apple the previous year, accusing it of unfairly disadvantaging its competitors. It said Apple required the Swedish music streamer and other content providers to pay a 30% fee on purchases made through Apple’s in-app payment system, while its own service, Apple Music, didn’t have to pay the fee.

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