Apple has 'very serious' issues under sweeping EU digital rules, competition chief says
Publishing timestamp: 2024-06-18 09:33:43
Summary
EU competition chief Margrethe Vestager stated that Apple has "very serious" issues under the EU's Digital Markets Act, with regulators preparing charges against the iPhone maker. The probe is focused on concerns such as whether Apple is blocking businesses from informing users about cheaper options outside of the App Store. If found in breach, Apple could face fines of up to 10% of its total worldwide annual turnover. Vestager, who has prioritized restraining the power of large tech companies during her tenure, is looking forward to a break after 10 years in office.
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Keywords: antitrust regulation, business news, technology, internet, margrethe vestager, alphabet inc, apple inc,
Source: https://www.cnbc.com/2024/06/18/apple-issues-very-serious-under-landmark-eu-rules-vestager.html