The European Union hit Apple with a massive $2 billion fine after finding that the tech giant unfairly favored its own music streaming service over rivals such as Spotify.
Despite the decision, Apple has vowed to appeal.
The company banned app developers from ‘fully informing iOS users about alternative and cheaper music subscription services outside of the app,’ said the European Commission, the 27-nation bloc’s executive arm and top antitrust enforcer.
That is illegal under EU antitrust rules. Apple behaved this way for almost a decade, which meant many users paid ‘significantly higher prices for music streaming subscriptions,’ the commission said.
The fine follows a long-running investigation triggered by a complaint from Spotify five years ago.
In response to the fine, Apple released a statement alleging that the commission had failed to find ‘any credible evidence of consumer harm, and ignores the realities of a market that is thriving, competitive, and growing fast.’
Read the full story at the Daily Mail.
