Apple set to face fine under EU's landmark Digital Markets Act, sources say

Quick Summary:

:Apple is set to be fined by the European Union's antitrust regulators under the bloc's landmark rules aimed at reining in the power of Big Tech, making it the first company to be sanctioned, sources with direct knowledge of the matter said on Tuesday.

DMA violations could result in a fine of as much as 10 per cent of a company's global annual turnover.

Apple also faces an investigation into new fees imposed on app developers.

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Article Details

Category: EconomyBusiness

Markets: SingaporeIreland

Topics: Company Rules Commission Apple Mediacorp Regulators Bloc Experience Tech First European

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 04:56:38 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 202 words

Reading Time: 2 minutes read

Sentences: 17 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 23437495

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 43 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #27

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