EU fines Apple $3 billion over music streaming competition violations

The European Union (EU) has fined Apple approximately 1.8 billion euros ($1.95bn) for restricting app developers, including music streaming services like Spotify, from fully informing users about alternative and cheaper subscription options outside of the iOS app store. This penalty is a result of a long-standing investigation initiated by Spotify's complaint in 2019. Apple allegedly banned these developers from promoting their offers within the app and charged commissions on sales made through the app. The EU considers this behavior to be against antitrust rules, as it limits competition and potentially results in higher prices for consumers. This fine represents a significant victory for Spotify in its ongoing dispute with Apple. Multiple news sources report the fine, with some variations in the exact amount due to currency conversions.