Apple fined $2 billion by EU antitrust regulators


Content Team
Image Credit: newsbytes

Apple has been fined €1.84 billion (around $2 billion) by the European Union (EU) antitrust regulators due to its App Store policies, following a complaint by Spotify. The EU Commission discovered that Apple hindered music streaming app developers from informing iOS users about alternative and cheaper subscription services outside the app. Executive vice-president of the commission, Margrethe Vestager, said, "For a decade, Apple abused its dominant position in the market for distribution of music streaming apps through the App Store."