this post was submitted on 04 Mar 2024
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EU fines Apple €1.8bn over App Store restrictions on music streaming (www.theguardian.com)
submitted 8 months ago by MicroWave@lemmy.world to c/worldnews@lemmy.world
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Penalty for breaching competition law is four times higher than forecast as Brussels looks to send message to tech firms

Apple has been fined €1.8bn (£1.5bn) by the EU after an investigation found it had limited competition from music streaming services such as Spotify.

The fine is nearly four times higher than expected as the European Commission attempts to show it will act decisively on tech companies who abuse their dominant position in the market for online services.

The European competition commissioner, Margrethe Vestager, said a smaller fine would have been nothing more than the equivalent of a parking fine and the €1.8bn was designed to act as a deterrent against a repetition of such practices by Apple or others.

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