Apple fined $1.95 billion by EU for antitrust violation in music streaming sector
Monday, 4 March 2024, 12:24
Apple Faces $1.95B Antitrust Fine by EU
Apple has been fined a record amount of $1.95 billion by the European Union for antitrust violations related to the music streaming industry.
Violation of Competition Rules
Apple was found guilty of engaging in unfair competitive practices that hindered market competition and consumer choice.
Impact on Market Dynamics
The hefty fine highlights the EU's strong stance against anticompetitive behavior, signaling a warning to other industry players.
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