Apple to face over $500mn fine after EU finds it broke rules to silence rivals
Technology
EU found that Apple broke rules
(Web Desk) - Apple will face a European Union fine close to EUR 500 million ($539 million or roughly Rs4,475 crore) over the regulator's investigation into allegations it silenced music-streaming rivals, including Spotify Technology SA, on its platforms.
The penalty — Apple's first ever from the bloc — will be set after the EU watchdog found that it fell foul of competition rules in thwarting rival music services from informing users that cheaper alternatives existed outside of its App Store, according to people familiar with the matter.
Apple, when contacted for comment, referred to a previous statement, which said that the “App Store has helped Spotify become the top music streaming service across Europe.”
EU competition chief Margrethe Vestager has made it a core strategy to attempt to dismantle Big Tech's dominance in the bloc through fines and regulatory actions.
The EU's investigation into Apple's App Store was sparked by a complaint nearly four years ago from Spotify, which claimed it was forced to ramp up the price of its monthly subscriptions to cover costs associated with Apple's alleged stranglehold on how the App Store operates.
In a closed-door meeting between EU officials and Apple in June last year, the tech firm told regulators it had already addressed any possible competition concerns arising from Spotify's complaint.
In a separate probe, Apple is set to have its settlement proposal in the EU's investigation into its tap-and-pay tech accepted, according to people familiar with the matter.
