EU regulators have initiated a fresh investigation after allegations emerged that Apple is not adhering to EU regulations.
The European Commission, which began probing Apple’s alleged non-compliance in March, has charged Apple with violating its Digital Markets Act. This implies that Apple could be slapped with a fine of up to 10 percent of the company’s global annual revenue. That might not seem like a huge amount at first glance, but considering that Apple generates £301bn ($383bn) annually, it’s a substantial penalty.
Any additional violations could even lead to the fine being raised to 20 percent.
Apple, Google owner Alphabet, and Facebook owner Meta are all under investigation by the EU under the Digital Market Act (DMA), a crucial piece of legislation aimed at maintaining fair competition.
Both Apple and Google are being examined regarding their mobile app stores, which the EU previously commanded must permit greater competition on their respective platforms.
