Apple is set to implement additional App Store changes to satisfy European Union antitrust regulators, who issued an ultimatum following a €500 million ($580 million) fine.
Samuel Stolton for Bloomberg News:
The iPhone maker’s proposal — due by June 26 — would make it easier for third-party developers to direct customers away from the Apple ecosystem to make software purchases, according to people familiar with the matter, who spoke on condition of anonymity.
The pledge, following weeks of tense discussions with EU regulators, would potentially ward off future penalties for failing to fix alleged violations of the bloc’s Digital Markets Act, which led to the fine in April. Apple has said it plans to appeal the penalty through the bloc’s courts in Luxembourg.
Apple responded fiercely to its penalty at the time, accusing the bloc’s regulators of discriminating against the company and forcing it to give away its technology for free.
MacDailyNews Take: When red tape is your number one export, you’re doomed.
The U.S. has leverage and recourse. We expect both to be used.
Trump administration has been warning the EU against excessive regulation of American technology firms. On February 21st, President Trump issued a directive, “Defending American Companies and Innovators From Overseas Extortion and Unfair Fines and Penalties,” threatening to impose tariffs on Europe to combat what he called “overseas extortion” of American tech companies through digital services taxes, fines, practices, and policies.
See also: President Trump says Apple CEO Tim Cook called to complain about EU’s $17 billion in fines – October 17, 2024
The European Union arose because the Europeans couldn’t compete on their own with the rest of the world, so they each lined up to surrender their national sovereignty, unique cultures, and dignity for an undemocratic, opaque, wasteful, bloated, bureaucratic quasi-governmental blob – and, even with the EU’s thumbs all over the scale, they still can’t compete. — MacDailyNews, March 4, 2024
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