EU to Fine Apple $500M+ for Stifling Music Competitors Like Spotify

'Apple will reportedly have to pay around €500 million (about $539 million USD) in the EU,' reports the Verge, 'for stifling competition against Apple Music on the iPhone.
Financial Times reported this morning that the fine comes after regulators in Brussels, Belgium investigated a Spotify complaint that Apple prevented apps from telling users about cheaper alternatives to Apple's music service.... The EU whittled its objections down to oppose Apple's refusal to let developers even link out to their own subscription sign-ups within their apps — a policy that Apple changed in 2022 following regulatory pressure in Japan.

$500 million may sound like a lot, but a much bigger fine of close to $40 billion (or 10 percent of Apple's annual global turnover) was on the table when the EU updated its objections last year. Apple was charged over a billion dollars in 2020, but French authorities dropped that to about $366 million after the company appealed.
The Verge cites an Apple spokesperson who said a year ago that the EU case 'has no merit.'

Reuters that the EU's fine 'is expected to be announced early next month, the Financial Times said.'

More from Politico

The fine would be the EU's first ever against Apple and is expected to be announced early next month, according to the FT report. It is the result of a European Commission antitrust probe into whether Apple's 'anti-steering' requirements breach the bloc's abuse of dominance rules, harming music consumers 'who may end up paying more' for apps... The Commission will rule that Apple's actions are illegal and against EU competition rules, according to the report.
'The EU executive will ban Apple's practice of barring music services from letting users know of cheaper alternatives outside the App Store, according to the newspaper.'

Read more of this story at Slashdot.