Friday, September 20, 2024
HomeTechnologyApple facing potential hefty fine in App Store fight with Spotify: report

Apple facing potential hefty fine in App Store fight with Spotify: report

Published on

spot_img



Apple is expected to be hit by a ban on its App Store rules that govern some music-streaming services and a potential hefty fine from European Union regulators, Bloomberg News reported Wednesday.

EU authorities are putting the finishing touches to a decision that would prohibit Apple’s practice of blocking music services from pushing their users away from the App Store to alternative subscription options, the report said, citing people familiar with the investigation.

Apple could face a fine of as much as 10% of its annual sales, Bloomberg reported. REUTERS
Spotify claimed it was forced to ramp up the price of its monthly subscriptions to cover costs associated with Apple’s App Store rules. AFP via Getty Images

The decision is slated for early next year and Apple could face a fine of as much as 10% of its annual sales, Bloomberg reported.

The probe was sparked by a complaint nearly four years ago from Sweden’s Spotify Technology, which claimed it was forced to ramp up the price of its monthly subscriptions to cover costs associated with Apple’s App Store rules.

The European Commission filed a chargesheet against Apple earlier this year, saying the conditions are unnecessary and mean customers may end up paying more.

The European Commission said App Store conditions are unnecessary and mean customers may end up paying more. Alamy Stock Photo

Apple did not immediately respond to a Reuters request for comment. A spokesperson from the European Commission declined to comment.

Apple shares were marginally up in afternoon trading.



Source link

See also  Is seabed mining an economic necessity or a hazard?

Latest articles

Chris’ Jazz Cafe continues to evolve as it celebrates its 35th anniversary

When Chris' Jazz Cafe owner and executive chef Mark DeNinno first considered taking...

House passes bill blocking Biden admin attempt to require two-thirds of new cars to be electric within years

The Biden administration's attempt to set new emissions standards on electric vehicles...

AOC Disses Nicky Jam & Anuel AA at Congressional Hearing: Watch

Alexandria Ocasio-Cortez dissed Nicky Jam and Anuel AA when the subject turned to...

4 Restaurants to Try This Weekend in Los Angeles: September 20

Every Friday our editors compile a trusty list of recommendations to...

More like this

Chris’ Jazz Cafe continues to evolve as it celebrates its 35th anniversary

When Chris' Jazz Cafe owner and executive chef Mark DeNinno first considered taking...

House passes bill blocking Biden admin attempt to require two-thirds of new cars to be electric within years

The Biden administration's attempt to set new emissions standards on electric vehicles...

AOC Disses Nicky Jam & Anuel AA at Congressional Hearing: Watch

Alexandria Ocasio-Cortez dissed Nicky Jam and Anuel AA when the subject turned to...