The European Union has initiated an investigation and issued preliminary findings against Apple for allegedly breaching the Digital Markets Act (DMA). The EU accuses Apple of anti-competitive practices, particularly regarding its App Store rules that prevent third-party app developers from steering consumers to alternative payment methods and marketplaces. EU Commissioner Thierry Breton stated on Monday that Apple's practices have long squeezed out innovative companies and denied consumers new opportunities and choices. If found guilty, Apple faces a penalty of up to 10% of its global annual revenue, which could amount to $38 billion based on 2023 figures. This marks the first charge under the DMA, aiming to rein in the power of Big Tech and ensure a level playing field for smaller rivals. Additionally, the EU has opened a non-compliance investigation into Apple's new contractual requirements for third-party app developers and app stores.
In a tale as old as time, The European Commission has accused #Apple of cheeky behavior. This time, violating the DMA with App Store policies. https://t.co/NDfkQIVQLF
Apple's Core Technology Fee at the core of EU's first DMA violation investigation https://t.co/D0pfgdoCnh #Apple
Apple becomes first target of EU's new digital competition rules aimed at big tech https://t.co/PYHtqX0mKM
I’m just amazed that the market thinks the EU is going to just give up on $AAPL. This is like the USG getting fines from banks post GFC. EU is going to be fining AAPL billions and billions every year. If Apple beats this the EU will just pass another tighter law.
LISTEN NOW: Apple is being hit with the first charge under the EU’s new Digital Markets Act, with regulators accusing them of preventing customers from being steered to alternative, cheaper options. Listen and follow the @CNBCTechCheck podcast here: https://t.co/GkIlXbKLTT https://t.co/XJrrxrSz07
The EU Commission has also launched a non-compliance investigation in response to Apple's business terms https://t.co/8afwj2Zjgw
Apple’s Services division is increasingly under scrutiny from the EU https://t.co/B4qwxoEyC1 https://t.co/93f4JGEnKZ
Apple may get a $38 billion fine from the EU because of DMA violations https://t.co/5qM7Crs3pq
Europe accuses Apple of breaking EU law by preventing app makers from telling users about the world outside the iPhone giant's walled garden By @datadictum: https://t.co/an03obyjmb
European Union antitrust regulators' charge against Apple is the first under its landmark Digital Markets Act which seeks to rein in the power of Big Tech and ensure a level playing field for smaller rivals https://t.co/YlqGRLKpIU https://t.co/yqUGMzNGoL
The EC warned Apple it's in breach of the Digital Markets Act regarding allowing devs to steer customers to their websites. While that sounds technical, billions of dollars in fines are on the line. https://t.co/q84xpth4qk
Apple's war with the EU heats up with new antitrust charges and an AI threat. https://t.co/0rkB9qVoXK
Apple's gatekeeping could be coming to an end as the Digital Markets Act starts to bite. https://t.co/RetwZwiKLD
Apple's feud with Europe's DMA intensifies as iPhone maker gets hit for "illegal practices" by not offering cheaper prices outside the App Store. https://t.co/1UBkyBS7Y2
Apple, $AAPL, becomes first US tech giant charged under Europe’s new antitrust law — and faces billions in fines, per NYP.
The EU"s new DMA charge against Apple centers around the idea of $AAPL as gatekeeper, and could have implications for its AI strategy too, as it reportedly holds talks with $META to form an unlikely alliance. https://t.co/lknmEJhf9i
Apple becomes first US tech giant charged under Europe’s new antitrust law — and faces billions in fines https://t.co/aRbt1tRZo6 https://t.co/vfR8Fah0gl
EU says Apple violated app developers’ rights, could be fined 10% of revenue https://t.co/LADVZ1LRx9
EU opens fresh investigation into Apple following further non-compliance claims https://t.co/Ey91LCyVaN https://t.co/5cMYThP16m
The EU competition watchdog said Apple isn’t fully allowing app developers to steer consumers elsewhere. https://t.co/fzcm0XBtSS
EU questions Apple’s compliance with DMA rules, demanding more changes to iOS https://t.co/WF2B7LFOJz
It's not going so well for Apple in the EU. Plagued with antitrust action, delaying Apple AI. I am wondering if the company is willing to die on this vine. $AAPL needs to have a Microsoft antitrust moment, or it will get ugly fast. Ten percent of company revenues are at stake… https://t.co/0pOVXaQAjO
🇺🇸 Apple accused of violating E.U.’s new tech competition rules https://t.co/lkFoMWv7pL
Apple faces a short term and long term problem with the DMA. The short term one is that the EU wants Apple to give developers a way to avoid the 30% App Store cut and Apple plans to fight it as long as possible. https://t.co/uNAQjA0RbU
“$AAPL could be fined as much as 10% of its worldwide revenue if EU regulators ultimately determine that the company broke the DMA’s rules.” Great way to close budget gaps and combat inflation. https://t.co/RhmExXLpKn
Apple faces new regulatory challenge in Europe https://t.co/Ht5rMmtN76
Apple could face huge fines for breaking ‘steering’ rules under Europe’s DMA https://t.co/iWvQl1vehn by Ed Hardy
Apple has become the first company to fall foul of the EU's Digital Markets Act, thanks to its lack of support for alternative app suppliers. https://t.co/bq9h3yCCz5
Surprise, surprise: Apple’s App Store changes continue to really bother the EU https://t.co/sU3ceqf4Sr
☀️ FSMN MORNING NEWS RECAP Top News - June 24, 2024 Apple Faces EU Tech Rule Breach Charges: The European Union antitrust regulators charged Apple with breaching the bloc's tech rules, potentially leading to a significant fine and a new probe into app developer fees. $AAPL US…
EU regulators say $AAPL is in breach of new tech rules because it doesn't allow customers of its app store to be steered to alternatives. Here's Deepwater Asset Management's Gene Munster's take on how it plays out for shareholders.
- EU finds $AAPL in breach of DMA - $AAPL $META talking over AI - $TSLA has cut 14% of staff in 2024 - DOJ weighs $BA criminal charges
$AAPL (+0.1% pre) Apple Hit by First Charges Under New European Tech Law - WSJ https://t.co/tgVEJ3PTGn
It's official. The DMA does have teeth after all. This morning the @EU_Commission have waded in against Apple's half-hearted moves to adhere to the Digital Markets Act. Get all the latest on their landmark legal moves here. https://t.co/TNbHD2qafA
🇪🇺 EU COMMISSION RULES AGAINST APPLE IN ANTI-TRUST HEARING Regulators in Brussels just ruled that Apple has been making improper use of its iOS platform to force app developers to pay unfairly high fees on the app store. The EU Commission may fine Apple up to 10% of its yearly… https://t.co/RoNhALxJvI
Apple faces EU scrutiny over App Store policy restrictions https://t.co/18lMttzn6O . . . #Apple #EU #Appstore #EuropeanCommission #EUscrutiny #RepublicTV #RepublicBusiness #RepublicTVLive
Apple is the first big tech company to be charged under the DMA rules and could be fined up to 10% of its annual global revenue, or $38B based on 2023 numbers (@trixxy / The Verge) https://t.co/hoLxMmchSy 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/27D44H6vUb
Apple Hits a Major Roadblock as EU Targets App Store https://t.co/k967KN3ntY
NEWS: EU has told Apple that its rules preventing developers from telling users they can buy products outside the App Store to avoid its 30% cut are in violation of the DMA. If EU is successful, X creators would no longer have to pay Apple 30% of their subscriber earnings. https://t.co/uIO4AwUMDR
The EU could hit Apple with a huge fine after accusing the company of breaking new tech rules https://t.co/PaamPllofp
The European Union has announced a preliminary finding that Appleis in breach of the Digital Markets Act, including how it restricts rivals, and what it charges them. By @WGallagher https://t.co/sDv4L5wnvo
🚨🇪🇺EU CLAIMS APPLE IS IN BREACH OF COMPETITION LAW A preliminary review of the App Store has found it is breaching the Digital Markets Act by preventing developers from sending consumers to alternative ways to pay or to get content outside of Apple's ecosystem. EU competition… https://t.co/higeQi3dhA
🔔@EU_Commission sent today the DMA preliminary findings to Apple. Apple's App Store rules prevent app developers from steering consumers to alternative offers, in breach of #DMA. Also, an additional non-compliance investigation was opened against Apple. Learn more ↓
EU regulator says Apple $AAPL is breaching the bloc’s tech rules https://t.co/yxQ7vNA2Lc https://t.co/WItI9bm1Rn
EU says Apple anti-steering rules in breach of DMA, officially investigating Core Technology Fee terms https://t.co/wh6mLWrr52 by @bzamayo
Apple's antitrust feud with the EU over allegedly illegal practices on the App Store intensified as watchdogs issued a fresh warning that could lead to more fines https://t.co/KZBeH4f04o
Apple's EU App Store in breach of Digital Markets Act over three key issues, company remains defiant https://t.co/vBVVZcUXnu
European Commission is opening a #DMA case against Apple. "Breach of the Digital Markets Act". It is unclear of web browser issues are also formally included the case. https://t.co/ok9CTv0HtZ
If found guilty, Apple faces a penalty of up to 10 per cent of its global annual revenue. The fines can rise to 20 per cent in the event the offence is repeated. https://t.co/wFxotwUxXT
Today we open a new case + we adopt preliminary findings against @Apple under the DMA. 👉We are concerned Apple's new business model makes it too hard for app developers to operate as alternative marketplaces & reach their end users on iOS. More🗞️: https://t.co/nYm5fW61jp
Brussels accuses Apple of breaking EU rules via @FT https://t.co/9fnbu4AS0W
⚠️ APPLE'S REQUIREMENTS FALL SHORT OF COMPLYING WITH EU TECH RULES, EU REGULATORS SAY **EU REGULATORS OPEN INVESTIGATION INTO APPLE ON ITS NEW CONTRACTUAL REQUIREMENTS FOR THIRD-PARTY APP DEVELOPERS AND APP STORES **APPLE'S APP STORE RULES BREACH EU TECH RULES, PREVENT APP…
EU REGULATORS OPEN INVESTIGATION INTO APPLE ON ITS NEW CONTRACTUAL REQUIREMENTS FOR THIRD-PARTY APP DEVELOPERS AND APP STORES
EU to take further action against Apple over digital market rules, Breton says https://t.co/XSIsjOGVkz
🔵 EU TO TAKE FURTHER ACTION AGAINST APPLE OVER DIGITAL MARKET RULES, BRETON SAYS The EU will take further action against Apple on Monday linked to the company's compliance to tech regulation known as the Digital Markets Act, Commissioner Thierry Breton said in a post on X.…
EU'S BRETON: TAKING FURTHER ACTION AGAINST APPLE TO ENSURE COMPLIANCE WITH DMA
EU'S BRETON: FOR TOO LONG APPLE HAS BEEN SQUEEZING OUT INNOVATIVE COMPANIES — DENYING CONSUMERS NEW OPPORTUNITIES & CHOICES
Sources: The EU plans to charge Apple for alleged anti-competitive conduct and Microsoft on suspicions of taking advantage of its market dominance this week (Financial Times) https://t.co/ThxTR13rvX 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/uCyIfNhAL8