Posted 3/5/2024, 1:08:41 AM
EU Fines Apple $1.9 Billion for Restricting Rival App Payment Options, Raising Subscription Costs
- EU fines Apple nearly $2 billion for restricting rivals like Spotify from telling users about cheaper subscription options outside of iPhone apps
- Apple charged 30% commission fees for subscriptions bought through iPhone apps, raising costs
- Investigation found Apple banned streaming services from telling users about alternative payment options
- EU says Apple's actions impacted millions of users who may have missed out on cheaper subscriptions
- Fine comes right before new EU rules take effect aimed at preventing tech giants from dominating digital markets