Bloomberg reports that the European Commission is preparing to issue a fine to Apple for violating the Digital Markets Act (DMA) by imposing restrictions on app developers’ freedom to offer cheaper payment options outside the App Store. The commission had previously issued warnings regarding this matter.
In recent times, Apple has made various adjustments to the terms for apps in the European region to comply with the DMA. However, the limitation on data sharing within apps has been a contentious issue for Apple. The report suggests that the European Commission may impose a fine within this month.
According to the DMA, Apple could face fines of up to 5% of its average global revenue for the period of non-compliance, which could amount to a staggering $1 billion.
Source: Bloomberg
TLDR: Apple may face a hefty fine from the European Commission for breaching digital market regulations, particularly concerning restrictions on app developers and data sharing within apps.
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