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LONDON DAILY ARCHIVE

European Union Antitrust Order to Impact Apple in Spotify Dispute, Reports Say

The European Union is set to issue an antitrust order against Apple, as reported by Bloomberg. This decision, expected early next year, could include a ban on certain App Store restrictions for music-streaming services, such as Spotify, and a fine that may reach up to 10% of Apple's yearly revenue.

14 December 2023 · 01:13 UTC

The move comes after Spotify lodged a complaint four years ago, accusing rules of the App Store of inflating their subscription prices. The European Commission has previously charged Apple, arguing that these rules lead to higher consumer costs.

While Apple has yet to comment on these developments, the Commission has stayed silent. Meanwhile, Apple's stock sees a slight uptick in afternoon trading.