The European Commission has fined Apple over €1.8 billion for abusing its dominant position on the market for the distribution of music streaming apps to iPhone and iPad users (‘iOS users’) through its App Store. In particular, the Commission found that Apple applied restrictions on app developers preventing them from informing iOS users about alternative and cheaper music subscription services available outside of the app (‘anti-steering provisions’). This is illegal under EU antitrust rules.
1.8 billion? So small? Isn’t it even less than budget of smallest member-state?
Low effort trolling XD
Malta’s budget as I undersand 7 billion euros. Meanwhile crApple’s revenue is 385 billion dollars. 1 billion euros is less than 1% of revenue. At this scale it’s cost of doing business, not a fine.
Thank you for pointing out the obvious!
It seems yes, it is smaller than smallest budget in EU. Malta’s budget as I undersand 7 billion euros. Meanwhile crApple’s revenue is 385 billion dollars. 1 billion euros is less than 1% of revenue. At this scale it’s cost of doing business, not a fine.