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Apple faces EU antitrust charge for restricting competition

Posted On: May. 3, 2022 10:02 AM CST

Financial penalty


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.