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EU antitrust fine could cost Apple 10% of its global revenue – reports ...News
EU regulators will reportedly charge Apple with anticompetitive behavior as soon as this week. The first EU antitrust case against the US tech firm comes two years after a complaint by music streaming service Spotify. The violation may incur a fine of as much as 10% of Apple’s global revenue, as well as forcing the tech giant to take a new look at its lucrative business model. In 2019, Swedish audio streaming and media services provider Spotify filed a complaint to the European Commission, alleging that the iPhone maker unfairly restricts rivals to Apple Music, its music steaming service. The Stockholm-based company also said that Appl
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