Apple is going to be fined heavily
Apple Apple’s troubles are going to increase once again. The European Union (EU) is soon going to impose new laws on tech companies for violating the Digital Marketing Act. If reports are to be believed, Apple will be the first company to be fined for violating the DMA (Digital Marketing Act). Information about how much fine will be imposed on Apple may be revealed in the coming week.
A heavy fine is going to be imposed
According to the Financial Times report, the European Union feels that Apple has not fully complied with the new Digital Marketing Act. However, the tech company released a new update of iOS 17.4 in January this year in compliance with the Digital Marketing Act, in which the commission of Apple’s App Store was reduced significantly. At the same time, in January, Apple also made several changes according to this new rule, which also included revising the requirements of the app marketplace. At the same time, the company announced changes in many things including fee structure, web distribution.
company accused of arbitrariness
However, the European Union believes that Apple is still being arbitrary in many things. According to the report, the European Union feels that the company is not giving app developers the freedom to do anything outside the App Store. If the European Union announces a fine on the company, then according to the rule, Apple will have to pay a fine of up to 5 percent of its global average daily earnings, which is more than 1 billion US dollars. If we convert it to Indian currency, it will be around Rs 8,300 crore.
Apple has a chance to improve
According to the Financial Times report, three people related to this matter said that the European Union has received an initial complaint against Apple. If Apple wants, it can avoid the fine by making changes. At the same time, Apple says that the company has made many changes in its policy to comply with the rules of the Digital Marketing Act and they are confident that their plans are in line with the DMA.