EU about to slap Apple with a $539 million fine for antitrust investigation

Apple is in hot water with the EU, facing a potential $539 million fine and a ban on its App Store practices for music streaming services. According to the FT, the European Commission is set to make an announcement on this issue next month.

The investigation was sparked by a complaint from Spotify in 2019, focusing on App Store rules that restricted developers from offering cheaper subscription options outside the app. Apple has since eased these restrictions, but the Commission is expected to rule that Apple violated EU antitrust law by creating unfair conditions for its rivals.

Stay tuned for more updates on this developing story!