Apple faces EU antitrust charge for restricting competition
Posted On: May. 3, 2022 10:02 AM CST![Financial penalty](https://bicontent.businessinsurance.com/5131ea9a-050c-4ead-b6a6-04ab38516ddc.jpg)
The European Commission has hit Apple Inc. with antitrust charge after it found that it may have restricted third-party access to key technology necessary to develop rival mobile wallet solutions on its devices, Arab News reported. Apple could face a fine up to 10% of its global turnover – or $36.6 billion – based on its revenue last year.