The European Union has imposed a hefty fine of almost $2 billion on tech giant Apple for violating its competition laws. The accusation against Apple revolves around the alleged unfair treatment of its music streaming competitors, particularly Spotify, by giving preferential treatment to its own music streaming service.
According to the EU Commission, Apple engaged in anti-competitive practices by restricting companies like Spotify from informing users about alternative payment options outside of its app store. This limitation led to users being charged significantly higher prices for music streaming subscriptions, as they were unable to explore cheaper alternatives.
