• Thu. Nov 14th, 2024

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Dec 27, 2023

EU regulators have reportedly sided against tech giant Apple in its prolonged battle with Spotify over App Store policies.

The crux of the matter revolves around Apple’s alleged “anti-steering” rules, accused of inhibiting platforms like Spotify from effectively promoting alternative payment methods.

This ruling – set to impact not only the music-streaming industry but also any software requiring a monthly subscription – is currently awaiting finalisation with a formal decision expected early next year, according to Bloomberg.

Sources suggest that along with the ruling, Apple will face penalties and a potential outright ban on the contentious practice. Financial repercussions for Apple could be substantial—with experts hinting at a fine reaching up to ten percent of its annual global revenue, translating to a figure of almost $40 billion.

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