Apple Lost the War with Spotify: Pays a $2 Billion Fine!
- March 4, 2024
- 0
The European Union has made a decision that will seriously harm US-based technology giant Apple. European regulators give Apple credit 2 billion dollars They gave a fine. The
The European Union has made a decision that will seriously harm US-based technology giant Apple. European regulators give Apple credit 2 billion dollars They gave a fine. The
The European Union has made a decision that will seriously harm US-based technology giant Apple. European regulators give Apple credit 2 billion dollars They gave a fine. The reason why Apple imposed such a huge fine is App Store Policies. It looks like Apple will have to completely overhaul 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 application filed with the European Commission, Apple’s service Apple Music treated with privilege was expressed. Moreover, Apple’s 30 percent commission was also troubling for Spotify. The decision announced today is the result of that investigation that started in 2020.
According to the statement from European Commission officials, Apple has maintained its dominant position in the market. abused. This was due to the capabilities that other developers had. According to the investigation, Apple prevented consumers from being sufficiently informed to access cheaper music platforms. This for 10 years Authorities maintain that the process will continue and say that they also took into account the length of this period when determining the amount of $2 billion. Of course, Apple’s revenue is market value and the fact that he provided false information in the context of the investigation made the sentence so high.
We checked the social media accounts of both brands. But for now it’s the parties be quiet what they prefer We see. Created by European Commission official Margrethe Vestager in the statement What Apple is doing is completely illegal, millions of citizens of the European Union it was reported to have an impact. Let’s see how Spotify will evaluate its win against Apple…
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Source: Web Tekno
Alice Smith is a seasoned journalist and writer for Div Bracket. She has a keen sense of what’s important and is always on top of the latest trends. Alice provides in-depth coverage of the most talked-about news stories, delivering insightful and thought-provoking articles that keep her readers informed and engaged.