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Benzinga
Benzinga
Business
Namrata Sen

Apple Fights Back Against EU's $586 Million Fine, Says Penalty 'Far Beyond What The Law Requires'

Apple European Union AAPL App Store
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Apple Inc. (NASDAQ:AAPL) has filed an appeal against the €500 million ($586 million) fine imposed by the European Union (EU) over alleged anti-competitive practices on its App Store.

What Happened: The EU’s executive arm, the European Commission, previously charged Apple of violating its laws by restricting app developers from informing customers about alternative offers or marketplaces outside the App Store. The commission also alleged that Apple was steering customers towards in-app purchases, reported BBC.

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