Apple Breached Antitrust Law In Spotify Case, Says European Commission

The on Tuesday updated its anti-trust case against Apple, sending a fresh statement of objections to the tech giant clarifying its concerns over App Store rules for music streaming providers.

The Commission said that breached antitrust laws by stopping rival music firms like from advertising where and how users could subscribe to their apps.

According to the statement of objections, abused its dominant position by imposing its own in-app purchase payment technology on music streaming app developers and restricting app developers' ability to inform iPhone and iPad users of alternative music subscription services.

"If the Commission concludes, after the company has exercised its rights of defence, that there is sufficient evidence of an infringement, it can adopt a decision prohibiting the conduct and imposing a fine of up to 10 per cent of the company's annual worldwide turnover," said the ruling.

first made a complaint against in 2019. In June 2020, the Commission opened formal proceedings into Apple's rules for app developers on the distribution of apps via the App Store. In April 2021, the Commission sent Apple a Statement of Objections to which Apple responded in September 2021.

The Commission issued an initial "statement of objections" against Apple in 2021, laying out the possible breaches of antitrust law.

"The Commission takes the preliminary view that Apple's anti-steering obligations are unfair trading conditions in breach of Article 102 of the Treaty on the Functioning of the European Union ('TFEU')," according to the latest statement of objections.

"In particular, the Commission is concerned that the anti-steering obligations imposed by Apple on music streaming app developers prevent those developers from informing consumers about where and how to subscribe to streaming services at lower prices," it added.

This is not a final ruling, and it's now up to Apple to prepare its defense.

--IANS

na/

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

RECENT NEWS

JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity

JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more

Private Equity And Banks: The Complex Web Of Leverage

Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more

Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector

The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more

JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism

In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more

Big Banks Vs. Regional Banks: The Battle For Market Share

The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more

The Evolution Of Philanthropic Advisory Services In Private Banks

The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more