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EU regulators reportedly will fine Apple more than $500 million in antitrust probe
AppleApple(US:AAPL) Market Watch·2024-02-19 05:42

European regulators are reportedly set to slap Apple Inc. with a fine of more than 500million,sayingthetechgiantunfairlyhindereditsmusicstreamingrivals.TheFinancialTimesandBloombergNewsreportedSundaythatEuropeanCommissionantitrustregulatorsarepreparingtoimposearoughly500 million, saying the tech giant unfairly hindered its music-streaming rivals. The Financial Times and Bloomberg News reported Sunday that European Commission antitrust regulators are preparing to impose a roughly 500 million euro ($539 million) fine against Apple AAPL, -0.84%, after finding that it created an anticompetitive environment by failing to inform iPhone users that cheaper, alternative music-streaming apps w ...