Reported 8 months ago
Reports indicate that Apple is facing increasing legal challenges, with the European Union revealing that Apple's App Store rules violate the Digital Markets Act by restricting developers from informing customers of alternative ways to access content. This comes as Apple is also defending against antitrust charges in the US. Despite the news, investors remain unfazed, causing Apple's stock to rise. The EU's new law targets tech giants like Apple, Amazon, and Alphabet, aiming to prevent monopolistic practices and unfair competition. Violations could lead to fines up to 10% of a company's global revenue, which for Apple could be significant given its vast earnings in 2023.
Source: YAHOO