Apple becomes first US tech giant charged under Europe's new antitrust law — and faces billions in fines
New York Post • 602 days
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Information
Apple could be fined up to 10% of their total worldwide turnover – a sum of billions of euros – if i...
Original sourceAI Summary
- Apple is the first US tech giant charged under the EU's new antitrust tech law. - Potential fines under EU Digital Markets Act could reach billions of dollars for Apple. - Apple allegedly prevented developers from steering customers to cheaper offers outside the App Store. Price Impact Rating: Bearish Impact Horizon Rating: Long-term Type: Legal
Market-Moving
- Apple is the first US tech giant charged under the EU's new antitrust tech law.
- Potential fines under EU Digital Markets Act could reach billions of dollars for Apple.
- Apple allegedly prevented developers from steering customers to cheaper offers outside the App Store.
Key Facts
- Apple is the first US tech giant charged under the EU's new antitrust tech law.
- Potential fines under EU Digital Markets Act could reach billions of dollars for Apple.
- Apple allegedly prevented developers from steering customers to cheaper offers outside the App Store.