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Big Win For Spotify: iPhone Maker Hit With A Landmark $2 Billion Fine In EU. Why?

Big Win For Spotify: iPhone Maker Hit With A Landmark $2 Billion Fine In EU. Why?

Business Today
Business Today
  • New Delhi ,
  • Mar 6, 2024,
  • Updated Mar 6, 2024, 5:41 PM IST

 

The European Union has imposed a €1.84 billion ($2 billion) fine on Apple for violating its competition laws. This marks the bloc's first-ever antitrust penalty against the US tech giant. The EU has accused Apple of restricting rival music streaming services, such as Spotify, from informing iPhone users about cheaper subscription options available outside of Apple's app store.

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