EU Fines Apple for Hindering Music Streaming Competition
Tuesday, 5 March 2024, 01:24
EU Fines Apple for Hindering Music Streaming Competition
The European Union has fined Apple an unprecedented €2 billion for violating competition laws in the music streaming industry.
Investigation Findings
- Apple was found guilty of hindering fair competition and innovation in the market.
- The anti-competitive practices restricted music streaming companies' ability to compete effectively.
In an effort to promote a level playing field, the EU imposed a historic penalty on Apple to discourage monopolistic behaviors in the industry.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.