Apple could face a $38 billion fine for violating Spanish antitrust laws. The company is suspected of imposing unfavorable business conditions on app developers. The investigation will last two years.
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Apple could face a $38 billion fine for violating Spanish antitrust laws
Spain’s antitrust regulator (CNMC) suspects Apple of violating competition laws. The CNMC has launched an investigation into the company, it said on its website.
The regulator will examine whether Apple’s actions to impose unfavourable commercial conditions on App Store app developers violate local and EU competition laws. The investigation is expected to last two years.
If Apple is found guilty, the company could face a fine of up to 10% of its annual turnover, or $38 billion.
Based on the results of the investigation, the European Commission has preliminarily established that Apple has violated EU legislation on digital markets. It has not yet been announced whether the company will be fined.
Author:
Kirill Bilyk
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
