Apple faces $38bn fine for breaking European regulation rules

Apple has become the first major US tech company to face charges under a harsh new antitrust tech rule from the European Union, and should it be found guilty, the company faces a $38 billion fine.

‘The Verge’ reports that the European Commission has accused tech giant Apple of breaking the EU’s Digital Markets Act, which aims to promote competition.

The European Commission stated that the limitations the iPhone manufacturer places on developers utilizing its mobile App Store had violated the Digital Markets Act (DMA) of the 27-nation bloc, based on the early findings of its investigation.