Apple's record fine for the App Store: the EU is preparing sanctions worth $38 billion
In connection with the violation of the EU Digital Markets Act, Apple faces an unprecedented fine, which could become the largest in the history of the technology giant.
Fine for Apple
Record sanctions
Tech giant Apple is facing a historical precedent - the company could become the first to be held accountable for failing to comply with the European Union's new Digital Markets Act (DMA).
Scale of recovery
According to The Verge , taking Taking into account the company's revenue for the previous year, the initial fine could reach $38 billion. An official announcement of the sanctions is expected this month.
Background to the conflict
Earlier, in March of this year, European regulators had already imposed a fine of 1.84 billion on Apple Euro. The reason was the investigation of Spotify's statement regarding restrictions for developers in the App Store system.
In addition, the company was ordered to pay 13 billion euros in unpaid taxes to the EU, which has led to attempts to resolve the situation at the highest level.
Glossary
- Apple is an American technology company, manufacturer of iPhone, iPad and Mac
- DMA (Digital Markets Act) - EU law on digital markets
- App Store - application store for Apple devices
- Spotify - Swedish music streaming service
- Tim Cook - CEO of Apple since 2011
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Discussion of the topic – Apple's record fine for the App Store: the EU is preparing sanctions worth $38 billion
The European Union is preparing to impose an unprecedented fine on Apple for violating the DMA antitrust laws regarding the App Store, which could reach $38 billion.
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Francesco_Milano
Looks like Apple will have to fork out big 💸 I wonder how this will affect their ecosystem and prices for end users?
Marie_Lyon
Yes, $38 billion is no joke! 😱 I have an iOS app store and if the App Store became more open it could really help small businesses.
Hans_Weber
European regulators have finally taken on the monopolists. Spotify has long complained about the 30% commission, now it will be fairer for all developers 👍
Viktor_Kowalski
What nonsense! The good old App Store worked great for 20 years. Why change anything? They will only make things worse with their rules. 🤦♂️ We’re sick of these European commissioners.
Isabella_Garcia
Marie_Lyon, I agree! My team and I also develop applications, and the new DMA rules could really open up more opportunities for innovation ✨
Francesco_Milano
Viktor_Kowalski, times are changing! Competition is great. Look at Android, where alternative stores don’t bother anyone 🤔
Hans_Weber
Isabella_Garcia, exactly! My friends at Spotify say that after these fines Apple has already begun to make concessions in negotiations 📱
Marie_Lyon
The main thing is that safety is not compromised. But I believe Apple will find a balance between openness and protecting users 🔐