By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Viral Trending contentViral Trending content
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
Reading: Apple has 'very serious' issues under sweeping EU digital rules, competition chief says
Notification Show More
Viral Trending contentViral Trending content
  • Home
  • Categories
    • World News
    • Politics
    • Sports
    • Celebrity
    • Business
    • Crypto
    • Tech News
    • Gaming News
    • Travel
  • Bookmarks
© 2024 All Rights reserved | Powered by Viraltrendingcontent
Viral Trending content > Blog > Business > Apple has 'very serious' issues under sweeping EU digital rules, competition chief says
Business

Apple has 'very serious' issues under sweeping EU digital rules, competition chief says

By Viral Trending Content 3 Min Read
Share
SHARE

Apple has a number of “very serious” issues under the European Union’s sweeping rules aimed at reining in Big Tech, the bloc’s competition chief Margrethe Vestager told CNBC on Tuesday, following reports that regulators are preparing charges against the iPhone maker.

In March, the European Commission, the EU’s executive arm, opened a probe into Apple, Alphabet and Meta, under the sweeping Digital Markets Act (DMA) tech legislation that became applicable this year.

The investigation featured several concerns about Apple, including whether the tech giant is blocking businesses from telling their users about cheaper options for products or about subscriptions outside of the App Store.

“We have a number of Apple issues, I find them very serious. I was very surprised that we would have such suspicions of Apple being non-compliant,” Vestager told CNBC’s Silvia Amaro.

Apple did not immediately respond to a CNBC request for comment.

“[Apple] are very important because a lot of good business happens through the App Store, happens through payment mechanisms, so of course, even though you know I can say this is not what was expected of such a company, of course we will enforce exactly with the same top priority as with any other business.”

Vestager added that the conclusions of the probe will be revealed “hopefully soon.”

The comments come after the Financial Times last week reported that Brussels is set to charge Apple under the DMA in relation to the probe, citing three people with close knowledge of the investigation. The charges would be preliminary and Apple could take actions to allay the concerns of the regulators, according to the FT.

CNBC could not independently confirm the report.

If it is found in breach of DMA rules, Apple could face fines of up to 10% of the company’s total worldwide annual turnover.

Over her 10 year tenure as the EU’s Competition Commissioner, Vestager has made a priority of restraining the power of large technology companies, as a way to level the playing field in the 27-nation bloc.

EU antitrust chief Margrethe Vestager holds a press conference in Brussels, Belgium March 25, 2024. 

Yves Herman | Reuters

She oversaw some of the biggest investigations into technology firms such as Google parent Alphabet and slapped tech giants with fines worth billions of dollars. A number of probes remain ongoing as she prepares to leave the office, including an antitrust investigation into Microsoft’s bundling of its video and chat app Teams with other Office products.

Speaking about the end of her mandate, Vestager said that she’s looking forward to rest.

“Well, I may sleep for a month or so because this has been 10 years hypercharged,” Vestager said. “I’m kind of looking forward to a new chapter.”

You Might Also Like

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays

White House warned staff against betting on futures markets amid Iran war, official says

Only five ships crossed the Strait of Hormuz Thursday, far below Iran’s pledge as negotiations begin

TReDS tweak to ease MSME credit flow amid global pressure

1 FTSE 250 stock I like and 1 I’ll avoid after the stock market correction

TAGGED: bbc business, Business, business ideas, business insider, Business News, business plan, google my business, income, money, opportunity, small business, small business idea
Share This Article
Facebook Twitter Copy Link
Previous Article Bitcoin Blues: Who’s Dumping Their Coins, How Much And Why?
Next Article Zach Bryan Pens Sweet Birthday Message for Brianna Chickenfry: ‘I Love You’
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

- Advertisement -
Ad image

Latest News

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
Business
Apple AI Pin Specs Leak: Dual Cameras, No Screen & More
Tech News
A ‘glass-like’ battlefield: German Army chief on the future of warfare
World News
Polymarket Sees Record $153M Daily Volume After Chainlink Integration
Crypto
Natasha Lyonne Then & Now: See Before & After Photos of the Actress Here
Celebrity
Cult Hit Doki Doki Literature Club Fights Removal From Google Play Store Over ‘Depiction Of Sensitive Themes’
Gaming News
Dead as Disco Launches Into Early Access on May 5th, Groovy New Gameplay Released
Gaming News

About Us

Welcome to Viraltrendingcontent, your go-to source for the latest updates on world news, politics, sports, celebrity, tech, travel, gaming, crypto news, and business news. We are dedicated to providing you with accurate, timely, and engaging content from around the globe.

Quick Links

  • Home
  • World News
  • Politics
  • Celebrity
  • Business
  • Home
  • World News
  • Politics
  • Sports
  • Celebrity
  • Business
  • Crypto
  • Gaming News
  • Tech News
  • Travel
  • Sports
  • Crypto
  • Tech News
  • Gaming News
  • Travel

Trending News

cageside seats

Unlocking the Ultimate WWE Experience: Cageside Seats News 2024

Investing £5 a day could help me build a second income of £329 a month!

JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays

cageside seats
Unlocking the Ultimate WWE Experience: Cageside Seats News 2024
May 22, 2024
Investing £5 a day could help me build a second income of £329 a month!
March 27, 2024
JPMorgan CEO Jamie Dimon says he’s ‘learned and relearned’ to not make big decisions when he’s tired on Fridays
April 10, 2026
Brussels unveils plans for a European Degree but struggles to explain why
March 27, 2024
© 2024 All Rights reserved | Powered by Vraltrendingcontent
  • About Us
  • Contact US
  • Disclaimer
  • Privacy Policy
  • Terms of Service
Welcome Back!

Sign in to your account

Lost your password?