The European Commission has fined Apple over EUR 1.8B for “abusing its dominant position” on the market for the distribution of music streaming apps to iPhone and iPad users through its App Store. In particular, the Commission found that Apple applied restrictions on app developers preventing them from informing iOS users about alternative and cheaper music subscription services available outside of the app. “This is illegal under EU antitrust rules,” the Commission stated.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on AAPL:
- TSMC (NYSE:TSM) Rises as Market Cap Nears $600B Milestone
- Apple won’t remove support for ‘progressive web apps’ in EU, FT reports
- Notable open interest changes for March 1st
- Apple removed from Conviction Buy List at Goldman Sachs
- Correction: Apple removed from Conviction List at Goldman Sachs, stays Buy