Regulators in the European Union are set to fine Apple and restrict its App Store policies that control some music-streaming services, Bloomberg News reported on Wednesday.
According to Bloomberg News, EU authorities are finalizing a verdict that would forbid Apple’s practice of preventing music providers from discouraging their customers from switching from the App Store to other subscription choices.
The ruling is expected to take place in the first part of 2024, and according to Bloomberg, Apple might be fined up to 10% of its yearly sales.
The investigation was initiated by a complaint filed by Sweden’s Spotify Technology about four years ago. The company said that it was compelled to increase the monthly subscription price in order to pay for expenses related to Apple’s App Store regulations.
Earlier this year, the European Commission filed a chargesheet against Apple, claiming that the conditions are needless and could result in higher costs for customers.
