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Apple will get fined for 'anti-competitive' App Store - up to a maximum of $38 billion under new EU law

Apple will get fined for 'anti-competitive' App Store - up to a maximum of $38 billion under new EU law
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Soon, Apple could become the first company in history to be fined under the new EU Digital Markets Act (DMA).

According to sources from Bloomberg, the company has attracted the attention of the European Commission due to "anti-competitive practices" in its App Store. The exact amount of the fine has not yet been disclosed, but the DMA allows for penalties of up to 10% of a company’s annual global revenue for a first violation, and up to 20% for subsequent offenses.

As noted by The Verge, given last year’s profits, the initial EU fine could reach $38 billion, with an announcement expected as early as November.

It is worth recalling that in March, the EU imposed a fine of €1.84 billion on Apple following an investigation of Spotify's complaint regarding restrictions on developers directing users to purchase options outside the App Store.

Additionally, Apple is required to pay €13 billion in unpaid taxes to the EU (Tim Cook reportedly even called Donald Trump to complain about the fines imposed on his company) and is facing an investigation concerning the rules implemented for alternative apps.

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