Apple Lost the Spotify War: Will Pay $2 Billion

The European Commission has completed its investigation into Apple. In the investigation initiated upon Spotify’s complaint, it was concluded that Apple acted anti-competitively. Apple was fined $2 billion.

The European Union has made a decision that will really hurt the US-based technology giant Apple. European regulators give Apple full 2 billion dollars They gave a fine. The reason why such a huge fine was imposed on Apple is App Store policies. It looks like Apple will have to completely review its App Store-related practices.

We have readers who remember; Spotify, the world’s most popular online music and podcast platform, in 2019 Complaint about Apple was found. In the complaint petition submitted to the European Commission, Apple’s Apple Music service treated with privilege was expressed. Additionally, Apple’s 30 percent commission was also troubling for Spotify. The decision announced today was the result of that investigation launched in 2020.

“Apple acted anti-competitively”

According to the statement made by European Commission officials, Apple has maintained its dominant position in the market. abused. This was due to the opportunities available to other developers. According to the investigation, Apple prevented consumers from being sufficiently informed to access more affordable music platforms. This for 10 years Stating that the process continues, the authorities said that they also took the length of this period into consideration when determining the amount of 2 billion dollars. Of course, Apple’s turnover, market value and the fact that he provided false information within the scope of the investigation caused the penalty to increase so much.

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Source :
https://www.theverge.com/2024/3/4/24005938/european-commission-antitrust-apple-investigation-anti-steering-rules-app-developers


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