T
he European Union is poised to impose a €500 million (approx. $539 million) fine on Apple for allegedly stifling competition in the music streaming market. This would mark the first time the bloc has levied an antitrust fine against the tech giant. The news was reported by The Financial Times, citing five people “with direct knowledge of the long-running investigation.” The newspaper said the penalty is expected to be announced early next month.
Source: EU to fine Apple $539m for alleged violations in music streaming (report)