Apple Hit With Record $2 Billion Antitrust Fine By EU
Key takeaways 1. As a sign of the seriousness of the transgression, Apple was fined a record $2 billion by the European Union (EU) for antitrust infringement. 2. According to the EU, Apple abused its market dominance by placing unjustifiable limitations on app developers, especially with regard to in-app purchases and distribution. 3. The EU’s …