The European Union is preparing to impose a record fine on Apple: here is the fine amount with many zeros
November 6, 2024
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US-based tech giant Apple is set to make a grand launch soon will be delirious It seems like it. According to a report based on sources familiar with
US-based tech giant Apple is set to make a grand launch soon will be delirious It seems like it. According to a report based on sources familiar with the matter, the European Union is interested in Apple. record fines ready to cut.
European Union fines Apple over the Digital Markets Act (DMA) had opened an investigation. The reason for this research was the App Store. According to European Union officials, Apple’s App Store limiting competition was the implementation of policy. According to sources, authorities have determined that Apple is causing unfair competition and are preparing to impose a hefty fine.
A fine of $38 billion could be imposed!
According to DMA, the European Union is responsible for Apple’s annual global revenues up to 10 percentcan also impose fines of up to 20 percent for repeat violations. If the penalty is applied to the upper limit, Apple $38 billion will be fined approx.
Apple has not yet commented on the issue made no statement. On the other hand; European Union officials are also silent for the time being. However, this silence will be broken very soon and the fine will be imposed. It is expected that this will be officially announced.
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