EU antitrust chief remarks about $2 billion Apple Music fine ignores Spotify dominance
CAT
1 min read
In an interview on Monday, the European Union antitrust chief said that its $2 billion fine on Apple Music was over obvious consumer harms leading to discovery issues — despite Spotify holding more than twice the market share.
Spotify’s App Store icon (left), Apple Music (right)
Spotify’s App Store icon (left), Apple Music (right)
European Commission Executive Vice President Margrethe Vestager has been defending the EU’s $2 billion fine, saying that it was specifically to punish past behavior and ensure Apple does not block developers offering cheaper alternatives to customers.
“[The fine is] the equivalent of 0.5% of global turnover, so obviously, this is not a fine that would sort of shake Apple as such,” she told CNBC. “What it does is that it punish past behavior… and for the future, not to be able to say to their app developers, listen, you cannot tell your customers that there is a cheaper offer.”
Originally appeared here:
EU antitrust chief remarks about $2 billion Apple Music fine ignores Spotify dominance
