2024-06-25 09:04:38
Apple’s European Headache
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New York Times - Business
Economy
Technology
Politics
Apple is facing charges under the new E.U. Competition Law for imposing unfair restrictions on app developers in its App Store. The charges highlight the ongoing tussle between Apple and E.U. regulators over competition practices in the tech industry. The company could face a penalty of up to 10 percent of its global revenue.
New York Times - Business
Apple’s European Headache
Economy
Technology
Apple is facing accusations from the European Union of stifling competition on its App Store, which could lead to significant penalties and impact a profitable part of its business. The company is the first to be charged under the Digital Markets Act, with other tech giants like Amazon, Google, Meta, and possibly Microsoft also under investigation.
The Street
Apple faces new regulatory challenge in Europe
Politics
Economy
Finance
Technology
The European Union is considering fining Apple for allegedly violating its newly implemented Digital Markets Act by preventing app developers from directing consumers to cheaper options outside of the Apple App Store. If found guilty, Apple could face a fine of up to 10% of its annual global revenue, which totaled $383 billion last year. The EU has also launched investigations into other tech giants like Google, Meta, Amazon, Microsoft, and TikTok parent ByteDance, referring to them as 'The Ga..
Inc.com
Apple is the EU's First Target of New Digital Competition Rules
Technology
Economy
The European Union has charged Apple under its new Digital Markets Act (DMA) for allegedly preventing app developers from pointing users to cheaper options outside of its App Store. The charges claim that Apple's restrictions on developers using the App Store have breached the bloc's DMA, which aims to prevent tech 'gatekeepers' from dominating digital markets. Apple now has the opportunity to respond to the findings, and the commission will make a final decision on its compliance by March 2025,..
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