LONDON DAILY ARCHIVE
Apple Incurs €1.8 Billion EU Fine for Restricting Music Streaming Choices
The EU has fined Apple €1.8 billion for not informing iPhone and iPad users about cheaper music streaming services, a practice that led customers to overpay.
08 March 2024 · 01:57 UTC
Apple, criticized for stifling competition, now must enable other app stores and payment methods on its devices in Europe but plans to appeal, arguing no harm to consumers.
Despite the penalty being a mere 0.5% of its global revenue, the UK will benefit financially as part of the 28 nations sharing the fine. This case marks the first EU antitrust fine for Apple, and coincides with new legislation, the Digital Markets Act, mandating mobile manufacturers to offer diverse payment systems and app stores.