The European Union is set to fine Apple €500mn for allegedly elbowing out competitors to its music streaming business, the Financial Times reported on Sunday, citing unmanned sources familiar with the matter. EU officials first started investigating the matter in 2019, following a complaint for Spotify. The Swedish company claimed it was made to ramp up its monthly subscription to cover the 30% fee Apple charges to operate on its App Store. This would force it to charge more for its service than Apple Music. “In recent years, Apple has introduced rules to the App Store that purposely limit choice…
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