0
Please log in or register to do it.

Apple faces a fine of close to 500 million euros ($539 million, or roughly Rs. 4,475 crore) in the European Union following regulators’ investigation into claims that it silenced music streaming rivals, including Spotify Technology SA, on its platform. You will receive it.

The fine, Apple’s first in the bloc, comes after the EU watchdog ruled that it violated competition rules by preventing rival music services from informing users that cheaper alternatives exist outside the App Store, according to people familiar with the matter. It is said that it will be charged accordingly. .

When contacted for comment, Apple referred to a previous statement in which it said, “The App Store has helped Spotify become the leading music streaming service across Europe.” The European Commission declined to comment. The Financial Times previously reported on the fine.

EU competition chief Margrethe Vestager has made attempting to break up Big Tech’s dominance in the bloc through fines and regulatory measures a key strategy. She fined Alphabet’s Google more than 8 billion euros (about 71,577 billion rupees) and ordered Apple to repay 13 billion euros (about 1,163.25 billion rupees) in unfair tax breaks in Ireland.

Apple is also under pressure from EU member states. In 2020, a fine of 1.1 billion euros (approximately 984.2 billion rupees) was imposed in France for anti-competitive conduct, but after an appeal the total was reduced to 372 million euros (approximately 332.8 billion rupees).

The EU’s investigation into Apple’s App Store was triggered by complaints from Spotify nearly four years ago. Spotify has argued that it needs to raise monthly subscription prices to cover costs associated with Apple’s stranglehold on how the App Store operates.

In a closed-door meeting between EU officials and Apple last June, the tech company told regulators it had already resolved any competition issues that might arise from Spotify’s complaint.

Apple is expected to accept a settlement offer from an EU investigation into its tap-and-pay technology in a separate investigation, according to people familiar with the matter.

The commission is prepared to accept Apple’s 10-year proposal to open access to the iPhone’s near-field communication chip to rival digital wallets after receiving generally positive feedback from market testing. He said it was because the matter was private.

Apple’s move to resolve the case comes after EU watchdogs earlier raised formal concerns that the company had restricted access to technology that amounted to claims it was abusing its market power.

Vestager is now preparing to implement the bloc’s flagship digital markets law, which will come into effect on March 7. The sweeping new rules are aimed at stopping tech companies’ competition violations before they take root.

Under the DMA, it is illegal for the most powerful companies to favor their own services over those of their competitors. They are prohibited from combining personal data from different services, prohibited from competing using data collected from third-party sellers, and must allow users to download apps from competing platforms.

© 2024 Bloomberg LP

Apple unveiled its first mixed reality headset, Apple Vision Pro, at its annual developer conference, along with new Mac models and future software updates. We discuss all the most important announcements made by the company on WWDC 2023 on Orbital, a Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music, and wherever you get your podcasts.
Affiliate links may be generated automatically. Please see our Ethics Statement for more information.

Huawei Pocket 2 confirmed to be released on F
Arsenal rescue classy Bayern star

Reactions

0
0
0
0
0
0
Already reacted for this post.

Reactions

Your email address will not be published. Required fields are marked *