🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

EU regulator says Apple is breaching the bloc’s tech rules

Published 06/24/2024, 04:34 AM
Updated 06/24/2024, 04:39 AM
© Reuters.  EU regulator says Apple is breaching the bloc’s tech rules
GOOGL
-
AAPL
-
META
-

European Union (EU) said on Monday that Apple (NASDAQ:AAPL) is violating new comprehensive tech regulations by not allowing App Store customers to be directed to alternative options.

The European Commission, the executive arm of the EU, also revealed it has initiated a new investigation into Apple concerning new contractual terms with developers.

In March, the EU began investigating Apple, Alphabet (NASDAQ:GOOGL), and Meta Platforms (NASDAQ:META) under the Digital Markets Act (DMA), a landmark law designed to curb the dominance of Big Tech firms. Anti-steering rules, which prevent companies from blocking businesses from informing users about cheaper alternatives or external subscriptions, were a key focus of this investigation.

On Monday, regulators said in their preliminary findings that Apple breached the DMA because its App Store rules "prevent app developers from freely steering consumers to alternative channels for offers and content."

According to the Commission, Apple permits steering only through a system where developers can provide a link to a webpage where users can purchase content, such as subscriptions. However, this system is "subject to several restrictions imposed by Apple that prevent app developers from communicating, promoting offers, and concluding contracts through the distribution channel of their choice," the Commission noted.

Regulators also criticized the fees Apple charges developers for acquiring new customers via the App Store, noting that these fees "go beyond what is strictly necessary." The Commission did not specify what it considers a "strictly necessary" fee.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.